Small businesses have been the lifeblood of the American economy in many ways. Small businesses are defined as those that employ less than 500 employees, according to the Small Business Association (SBA). There are currently about 28 million in the U.S. today and are responsible for over 65% of the net new jobs since 1995.
Now, startups are beginning the new small businesses. These companies are generally started on even a smaller scale than small businesses, many times by just one person. If you’re thinking about or have already begun a startup business, you should rent office space. Office space rentals are becoming the new alternative to long-term ap