Jul 2, 2014

10 Fun Facts About Small Businesses in the US

1.       For most industries, the SBA defines a small business as having fewer than 500 employees

2.       There are over 28 million small businesses in the United States

3.       70% of small businesses are operated by a single person

4.       Immigrants make up 12.5% of small business owners nationwide

5.       Small businesses pay 44% of US payroll

6.       52% of small businesses are home-based

7.       One third of small businesses rely on credit to start, down from 50% a few years ago

8.       60 to 80% of all new jobs come from small businesses

9.       77 million people make up the small business workforce in the United States

10.   Some of the fastest growing sectors for freelance businesses include auto repair shops, beauty salons and dry cleaners


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