Interesting Statistics About Small Businesses
The SBA defines a small business as an enterprise having fewer than 500 employees
The fastest growing sector for freelance businesses in 2011 included auto repair shops, beauty salons and dry cleaners
Over 50% of the working population (120 million individuals) works in a small business
52% of all small businesses are home-based
Small businesses have generated over 65% of the net new jobs since 1995
To classify as a “nonemployer” business you must have annual business receipts of $1,000 or more and be subject to federal income taxes
Small firms accounted for 64 percent of the net new jobs created between 1993 and 2011 (or 11.8 million of the 18.5 million net new jobs).
Since the latest recession, from mid-2009 to 2011, small firms, led by the larger ones in the category (20-499 employees), accounted for 67 percent of the net new jobs.
There are almost 28 million small businesses in the US and over 22 million are self employed with no additional payroll or employees (these are called nonemployers)
Approximately 75% of all U.S. businesses are nonemployer businesses
Source:
Bureau of Labor Statistics, BED. For the latest employment statistics, see Advocacy’s quarterly reports, www.sba.gov/advocacy/10871.
Source:
Small Business Administration Office of Advocacy:http://www.sba.gov/sites/default/files/FAQ_Sept_2012.pdf
