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Back to the Future
 

A quote from Fortune magazine, October 1953, on the occasion of the Small Business Administration's founding.
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"Amidst all the proposals it is considering, the SBA would do well to remember that there will always be some disadvantages in business smallness. . . . And in a category that includes four million business establishments, it will always be possible to point to many thousands in financial distress. But it is hard to believe that the general disadvantages in smallness are really crushing, in view of the tremendously high birth rate of new businesses in recent years and the fact that there are today more small businesses in the U.S. than ever before. . . .

"In short, there is no emergency. There are problems. . . .

"Perhaps the real test of the SBA will be whether it knows when to recommend its own dissolution."

-- "From "Does 'Small Business' Get a Fair Shake?" Fortune magazine, October 1953, on the occasion of the SBA's founding

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Last updated: Jan 1, 1994




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