In honor of National Mom and Pop Business Owners Day on March 29, we take a look at some small business numbers. Small businesses, according to the Small Business Administration, have 1 to 499 employees.
Percent of small businesses that are franchises.
The percentage of U.S. small businesses owned by immigrants.
Small businesses create 13 times more patents per employee than large patenting companies.
The percentage of U.S. small businesses that are more than 20 years old.
The percentage of small businesses that rely on credit for financing.
Percentage of all U.S. sales that are made by small businesses. It is also the percentage of small businesses that are home-based.
Percentage of all U.S. jobs provided by small businesses.
Percentage of new jobs provided by small businesses in the U.S.
The percentage of small businesses owned and operated by a single person.
Small business bankruptcies peaked that year with a small business filing for bankruptcy every 8 minutes, but now they are lower than consumer bankruptcies.
The average revenue for a small business.
The approximate number of new businesses that start in the U.S. each month. Seventy percent of those are still around after two years; 50 percent survive five years; 33 percent last 10 years; and 25 percent are still around after 15 years.
The number of new jobs small business has added since 1990, while big business eliminated 4 million jobs in the same time frame.
The number of U.S. small businesses owned by women.
Estimated number of small businesses in the U.S. They outnumber corporations 1,162 to 1.
The estimated commercial space in square feet occupied by small businesses.
The number of people who make up the U.S. small business workforce. If all those workers formed their own country, it would be the 17th most populous country in the world.
Source: U.S. Small Business Administration, Intuit Small Business Innovation Study