Business growth and the stellar private companies
We must assume that the entire small business sector and indeed the whole private company sector represents a constant proportion of Gross Domestic Product(GDP). There is no other assumption that can be readily sustained.
There are some challenges with the second assumption because ambitions generally run ahead of achievements. It will sometimes be difficult to determine into which population the relevant business fits. However, despite these difficulties, it does reflect an underlying truth regarding the aims and intentions of many business owners.
The two populations of companies are likely to have very different growth and other dynamics. They should each always represent constant proportions of GDP. However the growth of the individual smaller, more pedestrian businesses will be held on average, below the rate of growth in GDP.
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