Small Businesses in the U.S. Economy

Small Businesses, the Economy, and Franchises OPEN OF ALL 52% SMALL BUSINESSES 500 or fewer employees ARE HOME BASED (The broad defintion of a small business) 28 MILLION small businesses in the U.S. They outnumbers corporations 1162 to 1 JANDEN ET Caling ENT for TAMSor PECIA open The 23 Million small businesses in America account for 54% of all U.S. sales. Over 50% of the working population (120 Million individuals) 60% To 80% of all new jobs come from small businesses SMALL BUSINESSES HAVE GENERATED OVER 65% OF NET NEW JOBS SINCE 1995. THE NUMBER OF SMALL BUSINESSES IN THE UNITED STATES HASINCREASED 49% SINCE 1982. 7 of 10 employers firms last at least 2 years L5 of 10 employers last at least 5 years 1/3 last at least 10 years 1/4 last at least 15 years 70% of small businesses are owned and operated by one person of small businesses Only 2% are franchises Between 2001 and 2005 there was a 40% growth rate in franchises. Compared to independent O have lower start-up costs gre.more likely to remain in Business Sources: http://www.businessinsider.com/facts-about-small-business- es-in-america-2011-8?op=1#ixzz3BQrL5D7V http://www.forbes.com/sites/jasonnazar/2013/09/09/16-surpris- ing-statistics-about-small-businesses/ http://www.sba.gov/offices/headquarters/ocpl/resources/13493 http://www.marketwired.com/press-release/-1657417.htm Maray BEST CARE Designed By: SENIOR SERVICES ENationalPositions Profitable Internet Marketing