10. Small businesses make up more than 99.7% of all employers.
9. Small businesses create more than 50 percent of the nonfarm private gross domestic product (GDP).
8. Small patenting firms produce 13 to 14 times more patents per employee than large patenting firms.
7. The 22.9 million small businesses in the United States are located in virtually every neighborhood.
6. Small businesses employ about 50 percent of all private sector workers.
5. Home-based businesses account for 53 percent of all small businesses.
4. Small businesses make up 97 percent of exporters and produce 29 percent of all export value.
3. Small businesses with employees start-up at a rate of over 500,000 per year.
2. Four years after start-up, half of all small businesses with employees remain open.
1. The latest figures show that small businesses create 75 percent of the net new jobs in our economy.
via ACCAbuzz and EirPreneur.
John on November 27th, 2007 at 3:56 am
Your own small business is they best way to have real control of your life.
When your employed by someone they have the power over you, when you work, how much you make, if you have a job or not. What happens when they sell the company or merge with another and your left in the cold?
There are really good opportunities out there to at least start part time online until you have built up enough income to cut the cable, and go it alone.
Dana Keith on May 14th, 2008 at 8:55 pm
Yes, it is.. Better start at small business.. Being the boss of your own business can give you much time to manage it well.
Later you’ll know, you’re capable enough on expanding it as big as you can.. Right?:)