How Are Small Businesses Faring In The US

Information about How Are Small Businesses Faring In The US

Published on June 26, 2014

Author: abovealladvertising

Source: authorstream.com

Content

How Are Small Businesses Faring In The US?: How Are Small Businesses Faring In The US? Employment Statistics: Employment Statistics In the present scenario small businesses (businesses that have < 500 employees) account for 52% of all worker employments in the USA. Companies having less than 20 workers employ about 19.6 million people. Businesses with 21-99 workers employ about 18.4 million people. And finally, companies with employee strength 100-499 employ 14.6 million people. In this regard it is to be said that 47.7 million people work for companies that have employee strength of more than 500. Growth Of Small Business (state wise): Growth Of Small Business (state wise) The figure shows that the State of Texas showed better results than the rest of the lot. Some Important Statistics: Some Important Statistics Since 1995, small businesses have generated 65% of total new jobs. On an average 543,000 new businesses get started each month. 70% of the new businesses survive a minimum of 2 years, 50% survive an average of 5 years, 33% survive 10 years and 25% keep on fighting for 15 years or more. 52% of the new businesses are home based. The total revenue earned by non-employer businesses summed to be a whopping $ 989.6 billion (according to 2011 estimates). Employment Opportunities: Employment Opportunities Despite the current economic crisis some surprising statistics have come out regarding employment opportunities by small businesses. More than 75% of the small businesses have neither hired nor sacked employees over the past three years About 31% of them have increased their staff over the last 3 years 20% of the small businesses are looking to hire employees Optimism And Worries: Optimism And Worries Small business owners are optimistic about growth even in the current economic crisis: About 56% of them believe that finances will improve 75% expect better prospects for sales 58% of the small business entrepreneurs still believe about greater growth So, where are the worries? Despite all the rosy picture 58% of small business owners are skeptical of survival in these tough times. Contact Information: Contact Information Small businesses can make use custom feather flags for cost effective advertisement at trade shows . 6980 Corte Santa Fe, San Diego, CA 92121 1-866-552-2683 [email protected] http://www.abovealladvertising.net Thank You For Viewing: Thank You For Viewing

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