IN Small Businesses Thrive Despite Challenges

Starting a business is fraught with decisions ranging from defining the type of business to start, choosing whether to be a home-based, online, or a brick-and-mortar company, hiring staff and calculating startup and operational costs. According to the Indiana Small Business Economic Profile 2021, there are nearly 530,000 small businesses in Indiana, employing more than 1.2 million Hoosiers. David Watkins, senior vice president of entrepreneurship and small business for the Indiana Economic Development Corporation, said the one component large and small companies have in common also makes them competitors. ...

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