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New business formation is key to any society expecting economic growth and industry innovation. Giant corporations of today were once start-up companies more than 25 years ago. Apple Computer, started in 1978, had $8 billion in sales in 2000 and employed approximately 95,000 people. Likewise, Microsoft Corporation, started in 1976, is the world’s largest software company with more than $23 billion in sales. Other well-known companies such as Federal Express, Walmart, ConAgra and Amazon.com were once fledgling businesses that revolutionized industries.