7 INCREDIBLE facts about small business in America. #SBW2014
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1. Nothing Small About It
Businesses with 20 or fewer employees make up 89.7% of all US employer firms(that’s businesses with hired employees). Source: SBA Frequently Asked Questions
2. Adding Up Combine the total number of employer firms (5.9 million in 2008) with the total number of nonemployer firms (21.3 million in 2008) and the percentage of businesses with fewer than 20 employees comes to 97.7%. Source: Statistics about Business Size
3. Employing America
In fact, over 50% of the US working population (120 million people) are employed by small businesses and small businesses have generated over 65% of net new jobs since 1995. Source: SBA Frequently Asked Questions
4. New
Beginnings
There are approximately 543,000 new businesses started every month. Source: SBA Frequently Asked Questions
5. Making a Name for Themselves
Only about 2% of small businesses are franchises. Source: SBA Frequently Asked Questions
6. Who Doesn’t Like a Little Home Cookin’?
Approximately 52% of small businesses are home-based.
Source: SBA Frequently Asked Questions
7. Wasting No Time
You can start a business in the US in just 5 days. Compare that to 107 in Brazil.
Source: Starting a Business
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