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Small Business Location Can Impact Cost

The Location of Your Small Business Can Make a Big Difference for Costs Small Businesses 1 Are at the Heart of the U.S. Economy There are just over 30 million businesses in the U.S Small businesses of under 500 people make up 99.9% of all U.S. businesses Businesses with fewer than 20 workers make up 98% of all small businesses These small businesses employ almost 60 million people, just under half of the entire workforce The regions in the country with the most business startups are: Pensylvania 1 Pittsburgh 2 Boston-Cambridge-Quincy 3 Portland-Vancouver-Hillsboro San Francisco-Oakland-Fremont Washington-Arlington-Alexandria The biggest industries in the U.S. are: Real estate Professional and State and local business services government Finance Healthcare and and insurance social assistance The Address and Postal 2 System in the U.S. Is Huge The United States Postal Service handles 47% of all the mail in the world, around 150 There are nearly 42,000 zip codes billion items a year! in the country. The USPS delivers to around 160 million places Home-Based Businesses and Remote Lifestyles Are Popular Home-based businesses make up half of all businesses in the U.S. There are around 15 million home- based businesses in the country. Almost 70 percent of startups are home-based businesses. 44 percent of home-based businesses had startup costs of $5,000 or less. Digital nomads are around 13% more productive than traditional office workers. Around 5 million workers consider themselves to be digital nomads. 17 million workers want to become digital nomads. Why Use a Virtual 4 Business Address? One address for all correspondence: A single, stable street address you can give to suppliers, banks, customers, government agencies and more. Review mail wherever you are: mail is scanned and uploaded to a secure, private portal where you can read and review correspondence at your convenience. All раper Professional image for your business: A business address, even if it's virtual, is more prestigious than a residential address and could enhance your reputation and marketing. A low, fixed price regardless of mail volume: Virtual address services are well-priced for %$4 home-based and digital nomad businesses. incfile https://www.fundera.com/blog/small-business-employment-and-growth-statistics https://sbecouncil.org/about-us/facts-and-data/ https://bluewatercredit.com/ranking-biggest-industries-us-economy-surprise-1/ https://facts.usps.com/size-and-scope/ https://www.fundera.com/resources/home-based-business-statistics https://www.gsb.stanford.edu/faculty-research/working-papers/does-working-home-work-evidence- chinese-experiment https://www.mbopartners.com/state-of-independence/research-trends-digital-nomads/ %24

Small Business Location Can Impact Cost

shared by kevin39 on Jun 12
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An infographic highlighting facts and trends about how location can impact small business costs.

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Incfile

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Business
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