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By The Numbers: Small Business In The U.S. & Abroad

BY THE NUMBERS Intuit Small Business SMALL BUSINESS U.S. & ABROAD INDIA IN THE $2,049 Inflation and currency exchange SAUDI ARABIA STARTUP COSTS BY INFLATION rates make the cost of generating a startup business abroad different $1,571 Cost per capita than in the United States. UK $246 Represents U.S. 100 dollars $325 BRAZIL IRELAND $704 $127 SINGAPORE $352 STARTING A BUSINESS BY COUNTRY TIME (AVERAGE NUMBER OF DAYS) EASE OF DOING NEW ZEALAND BUSINESS (RANK) $109. New Zealand Singapore Singapore 3 New Zealand Saudi Arabia U.S. 4 U.S. UK 5 UK 13 Ireland Ireland 13 Saudi Arabia 13 India 30 China 89 China 38 India 133 SUCCESS RATE OF SMALL BUSINESSES IN THE U.S. of new firms survive four years chance of failing within 5 years survive at least 31% 44% 49% seven years 69% of businesses survive at least two years A CLOSER LOOK AT SMALL BUSINESSES AROUND THE GLOBE CANADA NEW ZEALAND UNITED STATES CHINA FRANCE 5 million Number of individuals employed by small businesses 42% 50% 60% 33% 2009 Number of small business that survive within Number of small business Percentage of the country's Gross Domestic Product Number of small business that fail within that close within (GDP) contributed by small to medium enterprises 3 years 5 years 1 year 48% Enterprises started 2008 New businesses 2007 Small businesses Almost half of the total labor force in the private sector are small business employees. 51,800 627,200 |18,994 99% Enterprises ceased 2008 Business closures 2008 New firms Business closures Percentage of small businesses out of the 10.3 million 52,880 595,600 328,000 210,000 2008 Bankruptcies registered enterprises 2009 Failed businesses New businesses | 43,546 | 66,119 164,000 2009 Bankruptcies filed 7.5% |6,700 Number of small businesses that went bankrupt 2008 SOURCES: theaustralian.com.au; time.com; score.org; doingbusiness.org Intuit Small Business ......*

By The Numbers: Small Business In The U.S. & Abroad

shared by infographicworld on Aug 17
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A look at the differences between starting a business in the U.S., and other parts of the world.

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Intuit

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Business
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