Oooo… if you don’t yet know the following about me, you’ll soon witness it. I am a super nerdy numbers and data chick. And, I love all sorts of cool little statistics and factoids. I couldn’t resist sharing these tidbits with you about Small Business in the United States. Basically… we, small business owners, rock!
Small Non-employer firms… (taken straight from the US Census Bureau)
- About three quarters of all U.S. business firms have no payroll.
- Most are self-employed persons operating unincorporated businesses, and may or may not be the owner’s principal source of income.
- Since 1997, nonemployers have grown faster than employer firms.
- In 2004, non-employer companies made up 19.5 million firms in this country. Employer companies made up 5.8 million firms.
Small Employer firms… (taken straight from the Small Business Administration)
- Represent 99.7 percent of all employer fi rms.
- Employ about half of all private sector employees.
- Pay nearly 45 percent of total U.S. private payroll.
- Have generated 60 to 80 percent of net new jobs annually over the last decade.
- Create more than half of nonfarm private gross domestic product (GDP).
- Hire 40 percent of high tech workers (such as scientists, engineers, and computer workers).
- Are 52 percent home-based and 2 percent franchises.
- Produce 13 times more patents per employee than large patenting fi rms; these patents are twice as likely as large fi rm patents to be among the one percent most cited.
So go on! Keep doing what you’re doing!