Every huge company in America was once a small business.
Whether started in the spare bedroom, at the kitchen table, or by clearing out the garage, they fought through the school of hard knocks and sleepless nights to get where they are today, and are likely still facing daily hard knocks and sleepless nights.
We celebrate small business every day because 90% of our customers are those glassy-eyed and exhausted entrepreneurs, who revel every day in the fact that they are their own boss and are in control of their own destiny. If you don’t already own a small business – chances are – you work for one!
For small business owners everywhere, here are some tidbits you may not have known about yourselves:
Small business is defined as having 500 or fewer employees
There are 28 million small businesses in the U.S.
Average revenue for a small business is in the $44,000 bracket
Small businesses outnumber corporations 1162 to 1
70% of small businesses are owned and operated by a single person
57% of America’s workforce is from small business
Small businesses pay 44% of all U.S. payroll
Only 50% of businesses survive five years
70% of small business survive two-years
Immigrants make up 12.5% of small business owners nationwide
Since 1990, small businesses have added 8 million new jobs