The State of Small Business in the United States
The STATE OF SMALL BUSINESS In the United States How Long Do Small Businesses Survive? 64% Of small business executives don't plan to add to payrolls in 2011 & 2012 Survive the First 2 Years... 7 of 10 3333333333 WHY? PESSIMISM 5 3333333333 Survive the First 5 Years.. of 10 How A Small Business Executive Feels Survive the First 7 Years... Say America's best days 3 0033033033 29% are still ahead of 10 39% Say his/her small business best days are still ahead There are over 29,000,000 Small Businesses in the United States. 2888 FOR EVERY 11 PEOPLE 1 SMALL BUSINESS Starts and Closures Bankruptcies 800000 80000 NO SURPRISE 600000 60000 Lll 400000 40000 200000 20000 Early impact of the recession on small business 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 I Starts Closures Number of Bankruptcies What Does the Future Hold for Small Business? 3 Emerging Trends for Small Business Small Businesses Don't Think Marketing Will Help In a recent survey of small-medium sized businesses (less than 1,000 employees), over half had annual marketing budgets of less than $1,000. 1. Increasingly More Diverse 2. Personal Business on the Rise 3. Entrepreneurial Education Emerges Sources: getbusymedia.com, wsj.com, sba.gov, intuit.com, smallbiztrends.com www.intensefence.com ©2011 IntenseFence Management Solutions, LLC The STATE OF SMALL BUSINESS In the United States How Long Do Small Businesses Survive? 64% Of small business executives don't plan to add to payrolls in 2011 & 2012 Survive the First 2 Years... 7 of 10 3333333333 WHY? PESSIMISM 5 3333333333 Survive the First 5 Years.. of 10 How A Small Business Executive Feels Survive the First 7 Years... Say America's best days 3 0033033033 29% are still ahead of 10 39% Say his/her small business best days are still ahead There are over 29,000,000 Small Businesses in the United States. 2888 FOR EVERY 11 PEOPLE 1 SMALL BUSINESS Starts and Closures Bankruptcies 800000 80000 NO SURPRISE 600000 60000 Lll 400000 40000 200000 20000 Early impact of the recession on small business 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 I Starts Closures Number of Bankruptcies What Does the Future Hold for Small Business? 3 Emerging Trends for Small Business Small Businesses Don't Think Marketing Will Help In a recent survey of small-medium sized businesses (less than 1,000 employees), over half had annual marketing budgets of less than $1,000. 1. Increasingly More Diverse 2. Personal Business on the Rise 3. Entrepreneurial Education Emerges Sources: getbusymedia.com, wsj.com, sba.gov, intuit.com, smallbiztrends.com www.intensefence.com ©2011 IntenseFence Management Solutions, LLC The STATE OF SMALL BUSINESS In the United States How Long Do Small Businesses Survive? 64% Of small business executives don't plan to add to payrolls in 2011 & 2012 Survive the First 2 Years... 7 of 10 3333333333 WHY? PESSIMISM 5 3333333333 Survive the First 5 Years.. of 10 How A Small Business Executive Feels Survive the First 7 Years... Say America's best days 3 0033033033 29% are still ahead of 10 39% Say his/her small business best days are still ahead There are over 29,000,000 Small Businesses in the United States. 2888 FOR EVERY 11 PEOPLE 1 SMALL BUSINESS Starts and Closures Bankruptcies 800000 80000 NO SURPRISE 600000 60000 Lll 400000 40000 200000 20000 Early impact of the recession on small business 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 I Starts Closures Number of Bankruptcies What Does the Future Hold for Small Business? 3 Emerging Trends for Small Business Small Businesses Don't Think Marketing Will Help In a recent survey of small-medium sized businesses (less than 1,000 employees), over half had annual marketing budgets of less than $1,000. 1. Increasingly More Diverse 2. Personal Business on the Rise 3. Entrepreneurial Education Emerges Sources: getbusymedia.com, wsj.com, sba.gov, intuit.com, smallbiztrends.com www.intensefence.com ©2011 IntenseFence Management Solutions, LLC The STATE OF SMALL BUSINESS In the United States How Long Do Small Businesses Survive? 64% Of small business executives don't plan to add to payrolls in 2011 & 2012 Survive the First 2 Years... 7 of 10 3333333333 WHY? PESSIMISM 5 3333333333 Survive the First 5 Years.. of 10 How A Small Business Executive Feels Survive the First 7 Years... Say America's best days 3 0033033033 29% are still ahead of 10 39% Say his/her small business best days are still ahead There are over 29,000,000 Small Businesses in the United States. 2888 FOR EVERY 11 PEOPLE 1 SMALL BUSINESS Starts and Closures Bankruptcies 800000 80000 NO SURPRISE 600000 60000 Lll 400000 40000 200000 20000 Early impact of the recession on small business 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 I Starts Closures Number of Bankruptcies What Does the Future Hold for Small Business? 3 Emerging Trends for Small Business Small Businesses Don't Think Marketing Will Help In a recent survey of small-medium sized businesses (less than 1,000 employees), over half had annual marketing budgets of less than $1,000. 1. Increasingly More Diverse 2. Personal Business on the Rise 3. Entrepreneurial Education Emerges Sources: getbusymedia.com, wsj.com, sba.gov, intuit.com, smallbiztrends.com www.intensefence.com ©2011 IntenseFence Management Solutions, LLC The STATE OF SMALL BUSINESS In the United States How Long Do Small Businesses Survive? 64% Of small business executives don't plan to add to payrolls in 2011 & 2012 Survive the First 2 Years... 7 of 10 3333333333 WHY? PESSIMISM 5 3333333333 Survive the First 5 Years.. of 10 How A Small Business Executive Feels Survive the First 7 Years... Say America's best days 3 0033033033 29% are still ahead of 10 39% Say his/her small business best days are still ahead There are over 29,000,000 Small Businesses in the United States. 2888 FOR EVERY 11 PEOPLE 1 SMALL BUSINESS Starts and Closures Bankruptcies 800000 80000 NO SURPRISE 600000 60000 Lll 400000 40000 200000 20000 Early impact of the recession on small business 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 I Starts Closures Number of Bankruptcies What Does the Future Hold for Small Business? 3 Emerging Trends for Small Business Small Businesses Don't Think Marketing Will Help In a recent survey of small-medium sized businesses (less than 1,000 employees), over half had annual marketing budgets of less than $1,000. 1. Increasingly More Diverse 2. Personal Business on the Rise 3. Entrepreneurial Education Emerges Sources: getbusymedia.com, wsj.com, sba.gov, intuit.com, smallbiztrends.com www.intensefence.com ©2011 IntenseFence Management Solutions, LLC
The State of Small Business in the United States
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