The emergence, growth and failure of small firms is an ongoing activity. New ventures are formed, many in response to innovation or invention, and are launched into the business community. Should these succeed, they become part of that small percentage, 15-25 percent by some reckoning, that make it beyond the fifth year. But overall, given an encouraging economic environment, there is an increasing residual component to this entrepreneurial entropic action which, in aggregate produces increased economic benefits in employment and wealth.