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data-id=2ad6b6f8 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><h1 class="elementor-heading-title elementor-size-default">Small Business Statistics</h1></div></div><div class="elementor-element elementor-element-3608d645 smb_section_hide_page_two elementor-widget elementor-widget-text-editor" data-id=3608d645 data-element_type=widget data-widget_type=text-editor.default><div class=elementor-widget-container><p>According to small business statistics from the SBA, small businesses comprise 99.9% of US businesses and employ 47.1% of US employees. Below we have compiled essential small business statistics to help you make informed decisions.</p><span id=ezoic-pub-ad-placeholder-901 data-method=placement-service></span></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-21e2f149 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=21e2f149 data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2da028fa" data-id=2da028fa data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-1054f009 smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=1054f009 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">Statistics by Subject</div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-44e5d882 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=44e5d882 data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-79867861" data-id=79867861 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-4efcc411 elementor-widget elementor-widget-image" data-id=4efcc411 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/startup-statistics/ target=_blank><img width=1024 height=1024 src=https://media.smallbiztrends.com/2020/03/startup-statistics-1024x1024.png class="attachment-large size-large wp-image-607338" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-6e1edc75 elementor-widget elementor-widget-heading" data-id=6e1edc75 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/startup-statistics/ target=_blank>Startup Statistics</a></div></div></div></div><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-2a548c55" data-id=2a548c55 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-23020e58 elementor-widget elementor-widget-image" data-id=23020e58 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/video-marketing-statistics/><img width=1024 height=1024 src=https://media.smallbiztrends.com/2020/03/video-marketing-statistics-1024x1024.png class="attachment-large size-large wp-image-607340" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-2b08cbaa elementor-widget elementor-widget-heading" data-id=2b08cbaa data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/video-marketing-statistics/ target=_blank>Video Marketing Statistics</a></div></div></div></div><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-38cbca18" data-id=38cbca18 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-3183d9c9 elementor-widget elementor-widget-image" data-id=3183d9c9 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/direct-mail-marketing-statistics/ target=_blank><img width=1024 height=1024 src=https://media.smallbiztrends.com/2020/03/direct-mail-statistics-1024x1024.png class="attachment-large size-large wp-image-607329" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-5dfc189c elementor-widget elementor-widget-heading" data-id=5dfc189c data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/direct-mail-marketing-statistics/ target=_blank>Direct Mail Statistics</a></div></div></div></div><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-7f70454" data-id=7f70454 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-54a86944 elementor-widget elementor-widget-image" data-id=54a86944 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/instagram-statistics/ target=_blank><img width=1024 height=1024 src=https://media.smallbiztrends.com/2020/03/instagram-statistics-1024x1024.png class="attachment-large size-large wp-image-607333" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-df3582b elementor-widget elementor-widget-heading" data-id=df3582b data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/instagram-statistics/ target=_blank>Instagram Statistics</a></div></div></div></div><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-4ec70b97" data-id=4ec70b97 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-7af63425 elementor-widget elementor-widget-image" data-id=7af63425 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/email-marketing-statistics/ target=_blank><img width=1024 height=1024 src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%221024%22%20height=%221024%22%3E%3C/svg%3E" class="ezlazyload attachment-large size-large wp-image-607331" alt ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2020/03/email-marketing-statistics-1024x1024.png></a></div></div><div class="elementor-element elementor-element-6c5bc1a elementor-widget elementor-widget-heading" data-id=6c5bc1a data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/email-marketing-statistics/ target=_blank>Email Marketing Statistics</a></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-339105f2 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=339105f2 data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-3c4acee5" data-id=3c4acee5 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-4fb73b03 elementor-widget elementor-widget-image" data-id=4fb73b03 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/customer-retention-statistics/><img width=1024 height=1024 src=https://media.smallbiztrends.com/2020/03/customer-retention-statistics-1024x1024.png class="attachment-large size-large wp-image-607327" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-7f3910ae elementor-widget elementor-widget-heading" data-id=7f3910ae data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/customer-retention-statistics/ target=_blank>Customer Retention Statistics</a></div></div></div></div><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-3b33a1b0" data-id=3b33a1b0 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-3920b684 elementor-widget elementor-widget-image" data-id=3920b684 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/20-surprising-stats-freelance-economy/><img width=500 height=500 src=https://media.smallbiztrends.com/2020/03/gig-economy-statistics.png class="attachment-large size-large wp-image-607520" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-5040d9a5 elementor-widget elementor-widget-heading" data-id=5040d9a5 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/20-surprising-stats-freelance-economy/ target=_blank>Gig Economy Statistics</a></div></div></div></div><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-104d975c" data-id=104d975c data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-8e86698 elementor-widget elementor-widget-image" data-id=8e86698 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/ecommerce-statistics-small-businesses/ target=_blank><img width=1024 height=1024 src=https://media.smallbiztrends.com/2020/03/ecommerce-statistics-1024x1024.png class="attachment-large size-large wp-image-607330" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-d9e637d elementor-widget elementor-widget-heading" data-id=d9e637d data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/ecommerce-statistics-small-businesses/ target=_blank>Ecommerce Statistics</a></div></div></div></div><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-1cd68f74" data-id=1cd68f74 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-429a9f1d elementor-widget elementor-widget-image" data-id=429a9f1d data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/women-entrepreneurs-statistics/><img width=500 height=500 src=https://media.smallbiztrends.com/2020/03/women-owners-statistics.png class="attachment-large size-large wp-image-607519" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-18fe102e elementor-widget elementor-widget-heading" data-id=18fe102e data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/women-entrepreneurs-statistics/ target=_blank>Women Entrepreneur Statistics</a></div></div></div></div><div class="elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-35ea218d" data-id=35ea218d data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-d30a2ad elementor-widget elementor-widget-image" data-id=d30a2ad data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/social-media-marketing-statistics/><img width=1024 height=1024 src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%221024%22%20height=%221024%22%3E%3C/svg%3E" class="ezlazyload attachment-large size-large wp-image-607337" alt ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2020/03/social-media-statistics-1024x1024.png></a></div></div><div class="elementor-element elementor-element-6e78fdbb elementor-widget elementor-widget-heading" data-id=6e78fdbb data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/social-media-marketing-statistics/ target=_blank>Social Media Statistics</a></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-c07f1d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=c07f1d4 data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ab6d189" data-id=ab6d189 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-83d679a smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=83d679a data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">The Latest Small Business Statistics</div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-50120872 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=50120872 data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58a57f72" data-id=58a57f72 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-7a532dd7 elementor-grid-4 elementor-posts--align-center elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts" data-id=7a532dd7 data-element_type=widget data-settings='{"classic_columns":"4","classic_row_gap":{"unit":"px","size":5,"sizes":[]},"pagination_type":"prev_next","classic_columns_tablet":"2","classic_columns_mobile":"1","classic_row_gap_tablet":{"unit":"px","size":"","sizes":[]},"classic_row_gap_mobile":{"unit":"px","size":"","sizes":[]}}' data-widget_type=posts.classic><div class=elementor-widget-container><div class="elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid"><article class="elementor-post elementor-grid-item post-1208351 post type-post status-publish format-standard has-post-thumbnail category-small-business-operations tag-small-business-statistics"><a class=elementor-post__thumbnail__link href=https://smallbiztrends.com/remote-work-statistics/ tabindex=-1><div class=elementor-post__thumbnail><img width=618 height=346 src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%221000%22%20height=%22560%22%3E%3C/svg%3E" class="ezlazyload attachment-large size-large wp-image-1205951" alt="remote work statistics" ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2023/05/remote-work-statistics.png></div></a><div class=elementor-post__text><p class=elementor-post__title><a href=https://smallbiztrends.com/remote-work-statistics/>Top Remote Work Statistics: Insights and Trends for Today’s Workforce</a></div></article><article class="elementor-post elementor-grid-item post-1098310 post type-post status-publish format-standard has-post-thumbnail category-startup-advice tag-small-business-statistics"><a class=elementor-post__thumbnail__link href=https://smallbiztrends.com/startup-statistics/ tabindex=-1><div class=elementor-post__thumbnail><img width=618 height=346 src=https://media.smallbiztrends.com/2022/12/startup-statistics.png class="attachment-large size-large wp-image-1098488" alt="startup statistics" ezimgfmt="rs rscb1 src ng ngcb1"></div></a><div class=elementor-post__text><p class=elementor-post__title><a href=https://smallbiztrends.com/startup-statistics/>STARTUP STATISTICS – The Numbers You Need to Know</a></div></article><article class="elementor-post elementor-grid-item post-1214539 post type-post status-publish format-standard has-post-thumbnail category-social-media tag-instagram tag-small-business-statistics"><a class=elementor-post__thumbnail__link href=https://smallbiztrends.com/instagram-statistics/ tabindex=-1><div class=elementor-post__thumbnail><img width=618 height=346 src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%221000%22%20height=%22560%22%3E%3C/svg%3E" class="ezlazyload attachment-large size-large wp-image-1208338" alt="Instagram statistics" ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2023/05/75-Must-Know-Instagram-Statistics-for-Business-Owners.png></div></a><div class=elementor-post__text><p class=elementor-post__title><a href=https://smallbiztrends.com/instagram-statistics/>Must-Know Instagram Statistics for Business Owners</a></div></article><article class="elementor-post elementor-grid-item post-1478095 post type-post status-publish format-standard has-post-thumbnail category-marketing-tips tag-email-marketing tag-small-business-statistics"><a class=elementor-post__thumbnail__link href=https://smallbiztrends.com/email-marketing-statistics/ tabindex=-1><div class=elementor-post__thumbnail><img width=1024 height=576 src=https://media.smallbiztrends.com/2024/02/100-Email-Marketing-Statistics-Every-Business-Should-Know-1024x576.png class="attachment-large size-large wp-image-1477874" alt="email marketing statistics" ezimgfmt="rs rscb1 src ng ngcb1"></div></a><div class=elementor-post__text><p class=elementor-post__title><a href=https://smallbiztrends.com/email-marketing-statistics/>100 Email Marketing Statistics Every Business Should Know</a></div></article><article class="elementor-post elementor-grid-item post-1476875 post type-post status-publish format-standard has-post-thumbnail category-startup-advice tag-small-business-statistics"><a class=elementor-post__thumbnail__link href=https://smallbiztrends.com/women-in-business-statistics/ tabindex=-1><div class=elementor-post__thumbnail><img width=1024 height=576 src=https://media.smallbiztrends.com/2024/02/Women-in-Business-Statistics-50-Vital-Facts-1024x576.png class="attachment-large size-large wp-image-1476692" alt ezimgfmt="rs rscb1 src ng ngcb1"></div></a><div class=elementor-post__text><p class=elementor-post__title><a href=https://smallbiztrends.com/women-in-business-statistics/>Women in Business Statistics: 50 Vital Stats</a></div></article><article class="elementor-post elementor-grid-item post-1477188 post type-post status-publish format-standard has-post-thumbnail category-marketing-tips tag-small-business-advertising tag-small-business-statistics"><a class=elementor-post__thumbnail__link href=https://smallbiztrends.com/advertising-statistics/ tabindex=-1><div class=elementor-post__thumbnail><img width=1024 height=576 src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%221024%22%20height=%22576%22%3E%3C/svg%3E" class="ezlazyload attachment-large size-large wp-image-1477016" alt="advertising statistics" ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2024/02/Advertising-Statistics-Insights-and-Trends-for-Businesses-1024x576.png></div></a><div class=elementor-post__text><p class=elementor-post__title><a href=https://smallbiztrends.com/advertising-statistics/>Advertising Statistics: Insights and Trends for Businesses</a></div></article><article class="elementor-post elementor-grid-item post-1477175 post type-post status-publish format-standard has-post-thumbnail category-social-media tag-small-business-statistics"><a class=elementor-post__thumbnail__link href=https://smallbiztrends.com/social-media-statistics/ tabindex=-1><div class=elementor-post__thumbnail><img width=1024 height=576 src=https://media.smallbiztrends.com/2024/02/Social-Media-Statistics-60-Key-Insights-into-Social-Media-1024x576.png class="attachment-large size-large wp-image-1477017" alt="social media statistics" ezimgfmt="rs rscb1 src ng ngcb1"></div></a><div class=elementor-post__text><p class=elementor-post__title><a href=https://smallbiztrends.com/social-media-statistics/>Social Media Statistics: 60 Key Insights into Social Media</a></div></article><article class="elementor-post elementor-grid-item post-1476177 post type-post status-publish format-standard has-post-thumbnail category-social-media tag-small-business-statistics"><a class=elementor-post__thumbnail__link href=https://smallbiztrends.com/social-media-marketing-statistics/ tabindex=-1><div class=elementor-post__thumbnail><img width=1024 height=576 src=https://media.smallbiztrends.com/2024/02/60-Key-Social-Media-Marketing-Statistics-1024x576.png class="attachment-large size-large wp-image-1475079" alt ezimgfmt="rs rscb1 src ng ngcb1"></div></a><div class=elementor-post__text><p class=elementor-post__title><a href=https://smallbiztrends.com/social-media-marketing-statistics/>60 Key Social Media Marketing Statistics</a></div></article></div><div class=e-load-more-anchor data-page=1 data-max-page=7 data-next-page=https://smallbiztrends.com/tag/small-business-statistics/page/2/></div><nav class=elementor-pagination aria-label=Pagination><span class="page-numbers prev">« Previous</span> <a class="page-numbers next" href=https://smallbiztrends.com/tag/small-business-statistics/page/2/>Next »</a></nav></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-2fc89750 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=2fc89750 data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60cfde45" data-id=60cfde45 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-bf09a46 smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=bf09a46 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">Featured Small Business Studies</div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-25d55936 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=25d55936 data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-6f45c2df" data-id=6f45c2df data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-64bb93c2 elementor-widget elementor-widget-image" data-id=64bb93c2 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/cybersecurity-statistics/ target=_blank><img width=618 height=346 src=https://media.smallbiztrends.com/2020/03/cyber-attack-statistics-small-business.png class="attachment-large size-large wp-image-607614" alt="cyber attack statistics" ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-13fe735c elementor-widget elementor-widget-heading" data-id=13fe735c data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/cybersecurity-statistics/ target=_blank>43% of Cyber Attacks Target Small Businesses</a></div></div></div></div><div class="elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-115963e9" data-id=115963e9 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-17aa1955 elementor-widget elementor-widget-image" data-id=17aa1955 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/2019-social-media-statistics/ target=_blank><img width=618 height=346 src=https://media.smallbiztrends.com/2020/03/social-media-marketing-spend-statistics.png class="attachment-large size-large wp-image-607615" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-7be344de elementor-widget elementor-widget-heading" data-id=7be344de data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/2019-social-media-statistics/ target=_blank>73% of SMBs Invest in Social Media Marketing</a></div></div></div></div><div class="elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-c28fe65" data-id=c28fe65 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-760a45bf elementor-widget elementor-widget-image" data-id=760a45bf data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/african-american-small-business-statistics-2018/ target=_blank><img width=618 height=346 src=https://media.smallbiztrends.com/2020/03/african-american-business-ownership-statistics.png class="attachment-large size-large wp-image-607695" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-1253eb00 elementor-widget elementor-widget-heading" data-id=1253eb00 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/african-american-small-business-statistics-2018/ target=_blank>African American Small Business Ownership Up 400%</a></div></div></div></div><div class="elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-4002f74e" data-id=4002f74e data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-71fc547b elementor-widget elementor-widget-image" data-id=71fc547b data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/veteran-owned-business-stats/ target=_blank><img width=618 height=346 src=https://media.smallbiztrends.com/2020/03/veteran-owned-statistics-small-business.png class="attachment-large size-large wp-image-607690" alt="veteran owned small business statistics" ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-52ebdfce elementor-widget elementor-widget-heading" data-id=52ebdfce data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/veteran-owned-business-stats/ target=_blank>2.5 Million Small Businesses Are Veteran Owned</a></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-151e29c4 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=151e29c4 data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-2d750d99" data-id=2d750d99 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-60780c16 elementor-widget elementor-widget-image" data-id=60780c16 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/small-business-healthcare-statistics/><img width=618 height=346 src=https://media.smallbiztrends.com/2020/03/small-business-healthcare-statistics.png class="attachment-large size-large wp-image-607618" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-23f3fe5e elementor-widget elementor-widget-heading" data-id=23f3fe5e data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/small-business-healthcare-statistics/ target=_blank>79% of SMB Owners Worry About Healthcare</a></div></div></div></div><div class="elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-10e1c502" data-id=10e1c502 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-37956bd8 elementor-widget elementor-widget-image" data-id=37956bd8 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/small-business-travel-statistics/ target=_blank><img width=618 height=346 src=https://media.smallbiztrends.com/2020/03/business-travel-statistics-small-business.png class="attachment-large size-large wp-image-607619" alt="business travel statistics small business" ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-766114c1 elementor-widget elementor-widget-heading" data-id=766114c1 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/small-business-travel-statistics/ target=_blank>88% of Small Business Owners Enjoy Business Travel</a></div></div></div></div><div class="elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-38a673f4" data-id=38a673f4 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-77747671 elementor-widget elementor-widget-image" data-id=77747671 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/small-business-owner-gender-and-age-statistics/><img width=618 height=346 src=https://media.smallbiztrends.com/2020/03/men-versus-women-business-ownership-statistics.png class="attachment-large size-large wp-image-607620" alt="men versus women business onwership" ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-7bc0d345 elementor-widget elementor-widget-heading" data-id=7bc0d345 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/small-business-owner-gender-and-age-statistics/ target=_blank>Men vs. Women Business Owners: The Stats</a></div></div></div></div><div class="elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-106ad35a" data-id=106ad35a data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-582e2cb4 elementor-widget elementor-widget-image" data-id=582e2cb4 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/2019-retail-statistics/ target=_blank><img width=618 height=346 src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%221000%22%20height=%22560%22%3E%3C/svg%3E" class="ezlazyload attachment-large size-large wp-image-607621" alt="retail employment statistics small business" ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2020/03/retail-employment-statistics-small-business.png></a></div></div><div class="elementor-element elementor-element-2f73ffb1 elementor-widget elementor-widget-heading" data-id=2f73ffb1 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default"><a href=https://smallbiztrends.com/2019-retail-statistics/ target=_blank>Nearly 40% of Retail Employees Hired by SMBs</a></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-4f5319dc smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=4f5319dc data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3dd6c4f5" data-id=3dd6c4f5 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-569be2c smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=569be2c data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">Fast Facts and FAQs</div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-426c28c1 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=426c28c1 data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1fed78aa" data-id=1fed78aa data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-14cd15dd elementor-widget elementor-widget-accordion" data-id=14cd15dd data-element_type=widget data-widget_type=accordion.default><div class=elementor-widget-container><div class=elementor-accordion><div class=elementor-accordion-item><div id=elementor-tab-title-3481 class=elementor-tab-title data-tab=1 role=button aria-controls=elementor-tab-content-3481 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How many small businesses are there in the U.S.?</a></div><div id=elementor-tab-content-3481 class="elementor-tab-content elementor-clearfix" data-tab=1 role=region aria-labelledby=elementor-tab-title-3481><p>There are over 33 million small businesses in the US. Out of which, 25.7 million small businesses have no staff member, and 6 million businesses employ paid workers. <p>Small businesses are establishments that employ less than 500 employees.</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-3482 class=elementor-tab-title data-tab=2 role=button aria-controls=elementor-tab-content-3482 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>What percent of businesses are small businesses?</a></div><div id=elementor-tab-content-3482 class="elementor-tab-content elementor-clearfix" data-tab=2 role=region aria-labelledby=elementor-tab-title-3482><p>99.9% of all businesses are small businesses, in the US.<p>Small businesses are flourishing in America. If you check various small business statistics, you will learn small business owners works as the driving engine of the US economy.</p><span id=ezoic-pub-ad-placeholder-909 data-method=placement-service></span><p>Here are interesting statistics on what small businesses comprise:<ul><li>47.1% of private-sector employees(61 million)<li>40.3% of private-sector payroll</ul><p>By opening a small business firm, you will not only become your own boss but also become a member of a big thriving community.</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-3483 class=elementor-tab-title data-tab=3 role=button aria-controls=elementor-tab-content-3483 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How many small business firms do women own in the US?</a></div><div id=elementor-tab-content-3483 class="elementor-tab-content elementor-clearfix" data-tab=3 role=region aria-labelledby=elementor-tab-title-3483><p>There are 9.9 million women-owned businesses total when including women-owned firms without payroll, according to the SBA.</p><span id=ezoic-pub-ad-placeholder-910 data-method=placement-service></span><span data-ez-ph-id=910></span><p>Women-owned firms are those business firms that are at least 51% owned, controlled, and operated by one or more female citizens of America. These firms play an active role in job creation – employing more than 9 million employees in the US.<p>The top industries by employment at companies owned by women are as follow:</p><span id=ezoic-pub-ad-placeholder-911 data-method=placement-service></span><span data-ez-ph-id=911></span><ul><li>Healthcare and Social Assistance<li>Accommodation and Food Services<li>Administrative and Support<li>Professional, Scientific, and Technical Services<li>Retail Trade</ul><p>On average, woman-owned companies have $1.3 million in annual sales and employ eight people. (<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2019/03/22170128/Small-Business-Facts-Spotlight-on-Women-Owned-Employer-Businesses.pdf target=_blank rel="noopener noreferrer">SBA</a>)<p>What is good about women-owned firms is that they are growing steadily. According to a <a href=https://www.guidantfinancial.com/small-business-trends/women-in-business/ target=_blank rel="noopener noreferrer">study</a> by Guidant Financial, 71% of companies owned by women are profitable.<p>So there is no surprise that a big share of women entrepreneurs are happy with what they are doing. 77% of women business owners have reported being happy, as per Guidant Financial research.</p><span id=ezoic-pub-ad-placeholder-912 data-method=placement-service></span><span data-ez-ph-id=912></span></div></div><div class=elementor-accordion-item><div id=elementor-tab-title-3484 class=elementor-tab-title data-tab=4 role=button aria-controls=elementor-tab-content-3484 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>What is the growth of rural small businesses?</a></div><div id=elementor-tab-content-3484 class="elementor-tab-content elementor-clearfix" data-tab=4 role=region aria-labelledby=elementor-tab-title-3484><p>The growth rate of rural small businesses is 0.06%. However, establishments in the metropolitan counties have grown by 1.9% during the same time. (<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/02/04111621/Rural-Business-Growth-Fact-Sheet1.pdf target=_blank rel="noopener noreferrer">SBA</a>)<p><img class="ezlazyload size-full wp-image-610058 aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%22422%22%20height=%22220%22%3E%3C/svg%3E" alt="Rural Small Business Growth Statistics" ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2021/07/rural-small-business-growth-statistics.PNG height=220 width=422><p style=text-align:center>[<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/10/22094435/Small-Business-FAQ-2020.pdf target=_blank rel=noopener>Image</a>]<p>Rural or urban, challenges are an integral part of entrepreneurship. But rural small business owners sometimes face some additional obstacles like poor connectivity, non-availability of talents, poor access to funding, etc.<p>What’s more, small business support organizations, business mentors, small business mentors are prevalent in urban areas. These factors can affect growth.</p><span id=ezoic-pub-ad-placeholder-913 data-method=placement-service></span><span data-ez-ph-id=913></span><p>So if you are going to open a business in a rural area, you should do your due diligence first. Then, prepare a business plan to tackle possible challenges you might face due to having your business in a rural area.<p>You should also note that having a business in a rural area is not all about facing additional challenges. A big share of business owners in rural areas reports having a good life despite the many challenges they face.<p>80% of rural entrepreneurs say they are better off than their urban counterparts, according to<a href=https://smallbiztrends.com/rural-entrepreneurs/ target=_blank rel="noopener noreferrer"> research</a> done by a private sector company. </p><span id=ezoic-pub-ad-placeholder-914 data-method=placement-service></span><span data-ez-ph-id=914></span></div></div><div class=elementor-accordion-item><div id=elementor-tab-title-3485 class=elementor-tab-title data-tab=5 role=button aria-controls=elementor-tab-content-3485 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How many people work in small businesses?</a></div><div id=elementor-tab-content-3485 class="elementor-tab-content elementor-clearfix" data-tab=5 role=region aria-labelledby=elementor-tab-title-3485><p>Small businesses employ 60.6 million people, which makes 47.1 percent of the U.S. private workforce, on a percentage basis. <p>Note; the private workforce excludes government workers. (SBA)</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-3486 class=elementor-tab-title data-tab=6 role=button aria-controls=elementor-tab-content-3486 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>What is the average number of employees in a small business?</a></div><div id=elementor-tab-content-3486 class="elementor-tab-content elementor-clearfix" data-tab=6 role=region aria-labelledby=elementor-tab-title-3486><p>The average number of employees in a small business is about 10. This is the average for business firms that have at least one employee. <p>Out of the small businesses in the US that have staff members, here are statistics on the breakdown by size:</p><span id=ezoic-pub-ad-placeholder-915 data-method=placement-service></span><span data-ez-ph-id=915></span><ul><li>5,339,918 small businesses have 1 to 19 employees<li>5,976,761 small businesses have 20 to 499 employees</ul></div></div><div class=elementor-accordion-item><div id=elementor-tab-title-3487 class=elementor-tab-title data-tab=7 role=button aria-controls=elementor-tab-content-3487 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How many small businesses have no employees?</a></div><div id=elementor-tab-content-3487 class="elementor-tab-content elementor-clearfix" data-tab=7 role=region aria-labelledby=elementor-tab-title-3487><p>25.7 million small businesses in the US have no employees. The government calls these businesses “nonemployer businesses.”</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-3488 class=elementor-tab-title data-tab=8 role=button aria-controls=elementor-tab-content-3488 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How many new jobs do U.S. small businesses create?</a></div><div id=elementor-tab-content-3488 class="elementor-tab-content elementor-clearfix" data-tab=8 role=region aria-labelledby=elementor-tab-title-3488>From 2000 to 2019, small businesses created 10.5 million net new jobs while large businesses created 5.6 million. This means small businesses account for 65.1% of net new jobs in the US. (SBA) <img class="ezlazyload size-full wp-image-610058 aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%22377%22%20height=%22252%22%3E%3C/svg%3E" alt="Net new jobs by small businesses" ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2021/07/net-new-jobs-statistics.PNG height=252 width=377><p style=text-align:center>[<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/10/22094435/Small-Business-FAQ-2020.pdf target=_blank rel=noopener>Image</a>]</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-3489 class=elementor-tab-title data-tab=9 role=button aria-controls=elementor-tab-content-3489 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>Which industries have the most small businesses?</a></div><div id=elementor-tab-content-3489 class="elementor-tab-content elementor-clearfix" data-tab=9 role=region aria-labelledby=elementor-tab-title-3489><p>Here are statistics on the top 12 industries with the most small businesses:<ol><li>Other Services (4,435,573)<li>Professional, Scientific and Technical Services (4,343,003)<li>Construction (3,194,482)<li>Real Estate, Rental, and Leasing (3,092,859)<li>Retail Trade (2,739,144)<li>Health Care and Social Assistance (2,591,786)<li>Administrative, Support and Waste Management (2,487,228)<li>Transportation and Warehousing (2,388,336)<li>Arts, Entertainment and Recreation (1,565,439)<li>Finance and Insurance (968,853)<li>Accommodation and Food Services (940,215)<li>Educational Services (834,018)</ol><p>(SBA)<p>The above industry breakdown accounts for approximately 93.4 percent of all small businesses in the United States. (The number of businesses per industry is in parentheses.)</p><span id=ezoic-pub-ad-placeholder-916 data-method=placement-service></span><span data-ez-ph-id=916></span></div></div><div class=elementor-accordion-item><div id=elementor-tab-title-34810 class=elementor-tab-title data-tab=10 role=button aria-controls=elementor-tab-content-34810 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>What is the source of this data?</a></div><div id=elementor-tab-content-34810 class="elementor-tab-content elementor-clearfix" data-tab=10 role=region aria-labelledby=elementor-tab-title-34810><p>The data and charts on this page are from the most recently available U.S. government statistics. Sources include the U.S. Census, the Small Business Administration, BLS, and other reputed establishments.</div></div></div></div></div><div class="elementor-element elementor-element-625b1957 elementor-widget elementor-widget-spacer" data-id=625b1957 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div><div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4ae253b6" data-id=4ae253b6 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-1d4300fa elementor-widget elementor-widget-image" data-id=1d4300fa data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/wp-content/uploads/2020/03/number-small-businesses-employee-size.png target=_blank><img width=876 height=1024 src=https://media.smallbiztrends.com/2020/03/number-small-businesses-employee-size-876x1024.png class="attachment-large size-large wp-image-609778" alt="Number of small businesses by employee size" ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-35525f7d elementor-widget elementor-widget-text-editor" data-id=35525f7d data-element_type=widget data-widget_type=text-editor.default><div class=elementor-widget-container><p style=text-align:center>Page last updated July 9, 2021.</div></div><div class="elementor-element elementor-element-594f1757 elementor-widget elementor-widget-spacer" data-id=594f1757 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-279e8e00 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=279e8e00 data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-505f5a38" data-id=505f5a38 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-a1edfa2 smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=a1edfa2 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">Small Business Statistics FAQs</div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-49adb68c smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=49adb68c data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5997a022" data-id=5997a022 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-40b57a03 elementor-widget elementor-widget-accordion" data-id=40b57a03 data-element_type=widget data-widget_type=accordion.default><div class=elementor-widget-container><div class=elementor-accordion><div class=elementor-accordion-item><div id=elementor-tab-title-1081 class=elementor-tab-title data-tab=1 role=button aria-controls=elementor-tab-content-1081 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How Many Home Businesses are There?</a></div><div id=elementor-tab-content-1081 class="elementor-tab-content elementor-clearfix" data-tab=1 role=region aria-labelledby=elementor-tab-title-1081><p>There are around 14.29 million home businesses in the US. Out of which, 1.44 million have paid workers, and the rest don’t have any staff members, according to the Small Business Administration.<p>Home businesses or home-based businesses are those that operate from home and don’t have a formal office. Six million firms have staff members in America. And a quarter (24%) of these firms are home-based.</p><span id=ezoic-pub-ad-placeholder-917 data-method=placement-service></span><span data-ez-ph-id=917></span><p>It is quite understandable some industries where customers don’t frequently visit offices have more home-based firms.<p>So there is no surprise that 47% of construction firms and 45% of business service providers operate from home.<p>Needless to say, operating from home can significantly reduce operating costs for small business owners.</p><span id=ezoic-pub-ad-placeholder-918 data-method=placement-service></span><span data-ez-ph-id=918></span><p>If your business model doesn’t require you to hire staff members, not renting an office can be a smart move to cut the cost. And you won’t be alone in doing so. Old data suggests that 50% of non-employers firms are home-based. (<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/10/22094435/Small-Business-FAQ-2020.pdf target=_blank rel=noopener>SBA</a>)</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-1082 class=elementor-tab-title data-tab=2 role=button aria-controls=elementor-tab-content-1082 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How Many Side Businesses are There in the U.S.?</a></div><div id=elementor-tab-content-1082 class="elementor-tab-content elementor-clearfix" data-tab=2 role=region aria-labelledby=elementor-tab-title-1082><p>According to the Bureau of Labor Statistics data, 25 million people do part-time jobs in the US. Some other common terms used for side business are side hustle, part-time hustle, second-job, and extra job.<p>Not all people do a side hustle to supplement their income to meet the rising cost of living. Only 7.6 million people do side hustle due to economic reasons. These people are often referred to as involuntary part-time workers.</p><span id=ezoic-pub-ad-placeholder-919 data-method=placement-service></span><span data-ez-ph-id=919></span><p>Every business has a startup cost. And small business owners often use their own savings to start companies. Therefore, many do side hustle to save money to start their own companies later. (<a href=https://www.bls.gov/news.release/archives/empsit_09042020.htm target=_blank rel=noopener>BLS</a>)</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-1083 class=elementor-tab-title data-tab=3 role=button aria-controls=elementor-tab-content-1083 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>What is the Number of Family Businesses in the U.S.?</a></div><div id=elementor-tab-content-1083 class="elementor-tab-content elementor-clearfix" data-tab=3 role=region aria-labelledby=elementor-tab-title-1083><p>The number of family-owned businesses (employers firms) in the US is 1.86 million.<p>As the name suggests, family-owned businesses are those where two or more family members control the decision making. There are 6 million employer firms in the US, and one in three employer firms (31%) are family-owned firms.</p><span id=ezoic-pub-ad-placeholder-920 data-method=placement-service></span><span data-ez-ph-id=920></span><p>The number of family-owned firms is not even across industries. Some industries have the highest number of family-owned firms, while some have the lowest number of family-run firms.<p>Here are some important small business statistics on family-owned companies:<ul><li>Agriculture services have the largest number of family-owned firms (46%)<li>Management of companies and enterprises consist of 46% of family-owned firms<li>Health care and social assistance have the lowest number of family-owned firms (18%)</ul><p>When it comes to employment, a family-owned company employs more people (per company) than a non-family owned firm.<p>On average, family-owned businesses have 14 employees per firm. However, non-family run firms have an average of 10 employees per firm. (<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/10/22094435/Small-Business-FAQ-2020.pdf target=_blank rel="noopener noreferrer">SBA</a>)</p><span id=ezoic-pub-ad-placeholder-921 data-method=placement-service></span><span data-ez-ph-id=921></span></div></div><div class=elementor-accordion-item><div id=elementor-tab-title-1084 class=elementor-tab-title data-tab=4 role=button aria-controls=elementor-tab-content-1084 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>Where Do Entrepreneurs Get the Money to Start a Business?</a></div><div id=elementor-tab-content-1084 class="elementor-tab-content elementor-clearfix" data-tab=4 role=region aria-labelledby=elementor-tab-title-1084><div><p>Entrepreneurs turn to personal and family savings to get the money to start a business. In fact, 64.4% of small business owners have used personal and family savings to take the plunge into the business world.<p>Even some business owners (9.1%) utilize family assets to get money for their entrepreneurial journey.<p>It is no brainer that getting a business loan is not easy when a company is in its initial stage. Only 16.5% of entrepreneurs take small business loans from banks or financial institutions to start their businesses.</p><span id=ezoic-pub-ad-placeholder-922 data-method=placement-service></span><span data-ez-ph-id=922></span><p>So if you’re going to use your personal money to start a business, you will not be doing it along. Most of the small business owners get started this way only – relying on personal savings to start their company. (<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/10/22094435/Small-Business-FAQ-2020.pdf target=_blank rel="noopener noreferrer">SBA</a>)</div></div></div><div class=elementor-accordion-item><div id=elementor-tab-title-1085 class=elementor-tab-title data-tab=5 role=button aria-controls=elementor-tab-content-1085 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How are Small Businesses Financed?</a></div><div id=elementor-tab-content-1085 class="elementor-tab-content elementor-clearfix" data-tab=5 role=region aria-labelledby=elementor-tab-title-1085><p>The most common source of funding to start a business is personal and family savings (64.4% of small employer firms), followed by a business loan from a bank or financial institution (16.5%), personal credit cards (9.1%), and personal family assets other than savings of the owner (8.7%). (<a href=https://www.census.gov/data/tables/2016/econ/ase/2016-ase-characteristics-of-businesses/ target=_blank rel=noopener>ASE</a>)</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-1086 class=elementor-tab-title data-tab=6 role=button aria-controls=elementor-tab-content-1086 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>What Percentage of Small Businesses Fail?</a></div><div id=elementor-tab-content-1086 class="elementor-tab-content elementor-clearfix" data-tab=6 role=region aria-labelledby=elementor-tab-title-1086>An average of 32.4% of new businesses fails during the first two years of being open. Well, the number may seem discouraging. But there is a silver lining here. Knowing e statistics on business failure rates can motivate you to become mentally tough. <img class="ezlazyload alignnone size-full wp-image-610058" src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%22764%22%20height=%22295%22%3E%3C/svg%3E" alt="Births and Deaths Small Business Statistics" ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2021/07/small-business-failure-rates-statistics-1.PNG height=295 width=764><p style=text-align:center>[<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/10/22094435/Small-Business-FAQ-2020.pdf target=_blank rel=noopener>Image</a>]</p>As time increase, the failure rate also goes up for new businesses. Look at the following statistics to learn how the first few years can affect the survival rates of new companies:<ul><li>51.2% of new businesses failed during the first five years<li>66.4% of new businesses failed during the first ten years of being open</ul>With more time passing, only a few new businesses survive. In fact, 25.7% of new businesses survive during the first fifteen years. (<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/10/22094435/Small-Business-FAQ-2020.pdf target=_blank rel="noopener noreferrer">SBA</a>) That being said, the first few years are critical for your small business success. So you should make sure that you start off great. According to the Kauffman Firm Survey, finding customers and skilled staff members are the most often reported challenge by entrepreneurs. So you should make a realistic growth plan for your business, hire top talents, and adopt the right marketing strategy to overcome business challenges. Entrepreneurship is all about grit. And you need to grow your grit to survive and succeed.</div></div><div class=elementor-accordion-item><div id=elementor-tab-title-1087 class=elementor-tab-title data-tab=7 role=button aria-controls=elementor-tab-content-1087 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>Why Do Small Businesses Fail?</a></div><div id=elementor-tab-content-1087 class="elementor-tab-content elementor-clearfix" data-tab=7 role=region aria-labelledby=elementor-tab-title-1087><p>The biggest reason why small businesses fail is- no market need for products/services they offer. In fact, 42% of businesses fail because people no longer need products/services those businesses offer. </p><span id=ezoic-pub-ad-placeholder-923 data-method=placement-service></span><span data-ez-ph-id=923></span><p>So you should always keep tabs on customers’ trends and reinvent your business accordingly. <p>Digging deeper into statistics on why companies fail, you will learn that there is rarely one reason for a single company’s failure. <p>Startup capital plays a critical role in any business’s survival, and cash flow problems can be fatal to any business. 29% of small business firms fail because they run out of cash. So it is imperative that you need to check cash flow statements regularly. </p><span id=ezoic-pub-ad-placeholder-924 data-method=placement-service></span><span data-ez-ph-id=924></span><p>Here are some other statistics on why small business firms fail:<ul><li>23% of small businesses don’t survive because they don’t have the right team <li>19% of small business don’t make it as they are outcompeted <li>Pricing and cost issues kill 18% of small businesses </ul><p>Unicorn startups, small businesses, or medium-size enterprises, poor marketing affects all. It has been found that poor marketing strategy contributes to 14% of small businesses’ failure. (<a href=https://www.cbinsights.com/research/startup-failure-reasons-top/ target=_blank rel="noopener noreferrer">CBInsights</a>)</div></div></div></div></div><div class="elementor-element elementor-element-31c362b1 elementor-widget elementor-widget-spacer" data-id=31c362b1 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div><div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-12627c0f" data-id=12627c0f data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-7281441f elementor-widget elementor-widget-image" data-id=7281441f data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/wp-content/uploads/2020/03/number-small-businesses-employee-size.png target=_blank><img width=875 height=1024 src=https://media.smallbiztrends.com/2021/07/number-home-businesses-us-statistics-875x1024.png class="attachment-large size-large wp-image-974866" alt ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-4e434135 elementor-widget elementor-widget-spacer" data-id=4e434135 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-22d813ed smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=22d813ed data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7879a302" data-id=7879a302 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-08ca7b0 smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=08ca7b0 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">Number of Small Businesses - State Map</div></div><div class="elementor-element elementor-element-537be5d9 elementor-widget elementor-widget-html" data-id=537be5d9 data-element_type=widget data-widget_type=html.default><div class=elementor-widget-container><script src="https://smallbiztrends.com/ezossp/https/infograph.venngage.com/js/embed/v1/embed.js?screx=1&sxcb=1a" data-vg-id=ghd11enmuow data-title="Small Businesses by State - Map" data-w=1000 data-h=700 data-multipage=true data-f=false type=text/ez-screx></script></div></div><div class="elementor-element elementor-element-161b9c9 elementor-widget elementor-widget-spacer" data-id=161b9c9 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-7b484fe1 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=7b484fe1 data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-30136f91" data-id=30136f91 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-8e7a320 smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=8e7a320 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">Small Business Statistics by State</div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-7cf61a25 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=7cf61a25 data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5e399090" data-id=5e399090 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-656c7fad elementor-widget elementor-widget-text-editor" data-id=656c7fad data-element_type=widget data-widget_type=text-editor.default><div class=elementor-widget-container><table id=tablepress-5 class="tablepress tablepress-id-5 tablepress-responsive"><thead><tr class="row-1 odd"><th class=column-1 style=width:19%>State<th class=column-2 style=width:19%>Number of Small Businesses<th class=column-3 style=width:20%>Percent of Businesses<br>that are Small<th class=column-4 style=width:20%>Number of Small<br>Business Employees<th class=column-5 style=width:22%>Percent of Workforce in Small Businesses<tbody class=row-hover><tr class="row-2 even"><td class=column-1><strong>Alabama</strong><td class=column-2><div style=text-align:right>396,432</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>789,425</div><td class=column-5><div style=text-align:right>47.2%</div><tr class="row-3 odd"><td class=column-1><strong>Alaska</strong><td class=column-2><div style=text-align:right>73,354</div><td class=column-3><div style=text-align:right>99.1%</div><td class=column-4><div style=text-align:right>141,147</div><td class=column-5><div style=text-align:right>53.0%</div><tr class="row-4 even"><td class=column-1><strong>Arizona</strong><td class=column-2><div style=text-align:right>571,495</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>1,039,228</div><td class=column-5><div style=text-align:right>43.7%</div><tr class="row-5 odd"><td class=column-1><strong>Arkansas</strong><td class=column-2><div style=text-align:right>249,907</div><td class=column-3><div style=text-align:right>99.3%</div><td class=column-4><div style=text-align:right>490,497</div><td class=column-5><div style=text-align:right>47.9%</div><tr class="row-6 even"><td class=column-1><strong>California</strong><td class=column-2><div style=text-align:right>4,203,260</div><td class=column-3><div style=text-align:right>99.8%</div><td class=column-4><div style=text-align:right>7,129,204</div><td class=column-5><div style=text-align:right>48.8%</div><tr class="row-7 odd"><td class=column-1><strong>Colorado</strong><td class=column-2><div style=text-align:right>630,113</div><td class=column-3><div style=text-align:right>99.5%</div><td class=column-4><div style=text-align:right>1,117,202</div><td class=column-5><div style=text-align:right>48.2%</div><tr class="row-8 even"><td class=column-1><strong>Connecticut</strong><td class=column-2><div style=text-align:right>346,950</div><td class=column-3><div style=text-align:right>99.3%</div><td class=column-4><div style=text-align:right>750,457</div><td class=column-5><div style=text-align:right>48.9%</div><tr class="row-9 odd"><td class=column-1><strong>Delaware</strong><td class=column-2><div style=text-align:right>82,121</div><td class=column-3><div style=text-align:right>98.3%</div><td class=column-4><div style=text-align:right>187,556</div><td class=column-5><div style=text-align:right>46.9%</div><tr class="row-10 even"><td class=column-1><strong>District of Columbia</strong><td class=column-2><div style=text-align:right>76,083</div><td class=column-3><div style=text-align:right>98.2%</div><td class=column-4><div style=text-align:right>247,461</div><td class=column-5><div style=text-align:right>47.0%</div><tr class="row-11 odd"><td class=column-1><strong>Florida</strong><td class=column-2><div style=text-align:right>2,494,279</div><td class=column-3><div style=text-align:right>99.8%</div><td class=column-4><div style=text-align:right>3,397,931</div><td class=column-5><div style=text-align:right>41.6%</div><tr class="row-12 even"><td class=column-1><strong>Georgia</strong><td class=column-2><div style=text-align:right>1,051,071</div><td class=column-3><div style=text-align:right>99.6%</div><td class=column-4><div style=text-align:right>1,637,892</div><td class=column-5><div style=text-align:right>43.1%</div><tr class="row-13 odd"><td class=column-1><strong>Hawaii</strong><td class=column-2><div style=text-align:right>132,640</div><td class=column-3><div style=text-align:right>99.3%</div><td class=column-4><div style=text-align:right>275,115</div><td class=column-5><div style=text-align:right>52.1%</div><tr class="row-14 even"><td class=column-1><strong>Idaho</strong><td class=column-2><div style=text-align:right>162,905</div><td class=column-3><div style=text-align:right>99.2%</div><td class=column-4><div style=text-align:right>315,753</div><td class=column-5><div style=text-align:right>56.2%</div><tr class="row-15 odd"><td class=column-1><strong>Illinois</strong><td class=column-2><div style=text-align:right>1,233,572</div><td class=column-3><div style=text-align:right>99.6%</div><td class=column-4><div style=text-align:right>2,485,857</div><td class=column-5><div style=text-align:right>45.1%</div><tr class="row-16 even"><td class=column-1><strong>Indiana</strong><td class=column-2><div style=text-align:right>512,348</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>1,222,372</div><td class=column-5><div style=text-align:right>44.9%</div><tr class="row-17 odd"><td class=column-1><strong>Iowa</strong><td class=column-2><div style=text-align:right>270,484</div><td class=column-3><div style=text-align:right>99.3%</div><td class=column-4><div style=text-align:right>651,635</div><td class=column-5><div style=text-align:right>48.1%</div><tr class="row-18 even"><td class=column-1><strong>Kansas</strong><td class=column-2><div style=text-align:right>254,297</div><td class=column-3><div style=text-align:right>99.1%</div><td class=column-4><div style=text-align:right>604,215</div><td class=column-5><div style=text-align:right>51.0%</div><tr class="row-19 odd"><td class=column-1><strong>Kentucky</strong><td class=column-2><div style=text-align:right>351,260</div><td class=column-3><div style=text-align:right>99.3%</div><td class=column-4><div style=text-align:right>702,054</div><td class=column-5><div style=text-align:right>43.8%</div><tr class="row-20 even"><td class=column-1><strong>Louisiana</strong><td class=column-2><div style=text-align:right>447,440</div><td class=column-3><div style=text-align:right>99.5%</div><td class=column-4><div style=text-align:right>902,758</div><td class=column-5><div style=text-align:right>52.8%</div><tr class="row-21 odd"><td class=column-1><strong>Maine</strong><td class=column-2><div style=text-align:right>147,270</div><td class=column-3><div style=text-align:right>99.2%</div><td class=column-4><div style=text-align:right>289,156</div><td class=column-5><div style=text-align:right>56.5%</div><tr class="row-22 even"><td class=column-1><strong>Maryland</strong><td class=column-2><div style=text-align:right>594,124</div><td class=column-3><div style=text-align:right>99.5%</div><td class=column-4><div style=text-align:right>1,143,191</div><td class=column-5><div style=text-align:right>50.1%</div><tr class="row-23 odd"><td class=column-1><strong>Massachusetts</strong><td class=column-2><div style=text-align:right>669,224</div><td class=column-3><div style=text-align:right>99.5%</div><td class=column-4><div style=text-align:right>1,490,416</div><td class=column-5><div style=text-align:right>45.8%</div><tr class="row-24 even"><td class=column-1><strong>Michigan</strong><td class=column-2><div style=text-align:right>873,722</div><td class=column-3><div style=text-align:right>99.6%</div><td class=column-4><div style=text-align:right>1,868,885</div><td class=column-5><div style=text-align:right>49.1%</div><tr class="row-25 odd"><td class=column-1><strong>Minnesota</strong><td class=column-2><div style=text-align:right>520,110</div><td class=column-3><div style=text-align:right>99.5%</div><td class=column-4><div style=text-align:right>1,254,958</div><td class=column-5><div style=text-align:right>47.2%</div><tr class="row-26 even"><td class=column-1><strong>Mississippi</strong><td class=column-2><div style=text-align:right>257,404</div><td class=column-3><div style=text-align:right>99.3%</div><td class=column-4><div style=text-align:right>440,399</div><td class=column-5><div style=text-align:right>46.9%</div><tr class="row-27 odd"><td class=column-1><strong>Missouri</strong><td class=column-2><div style=text-align:right>532,277</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>1,168,725</div><td class=column-5><div style=text-align:right>46.8%</div><tr class="row-28 even"><td class=column-1><strong>Montana</strong><td class=column-2><div style=text-align:right>120,246</div><td class=column-3><div style=text-align:right>99.3%</div><td class=column-4><div style=text-align:right>245,411</div><td class=column-5><div style=text-align:right>64.8%</div><tr class="row-29 odd"><td class=column-1><strong>Nebraska</strong><td class=column-2><div style=text-align:right>176,358</div><td class=column-3><div style=text-align:right>99.1%</div><td class=column-4><div style=text-align:right>412,291</div><td class=column-5><div style=text-align:right>46.6%</div><tr class="row-30 even"><td class=column-1><strong>Nevada</strong><td class=column-2><div style=text-align:right>270,079</div><td class=column-3><div style=text-align:right>99.2%</div><td class=column-4><div style=text-align:right>487,407</div><td class=column-5><div style=text-align:right>41.8%</div><tr class="row-31 odd"><td class=column-1><strong>New Hampshire</strong><td class=column-2><div style=text-align:right>134,760</div><td class=column-3><div style=text-align:right>99.0%</div><td class=column-4><div style=text-align:right>295,895</div><td class=column-5><div style=text-align:right>49.8%</div><tr class="row-32 even"><td class=column-1><strong>New Jersey</strong><td class=column-2><div style=text-align:right>884,049</div><td class=column-3><div style=text-align:right>99.6%</div><td class=column-4><div style=text-align:right>1,810,107</div><td class=column-5><div style=text-align:right>49.8%</div><tr class="row-33 odd"><td class=column-1><strong>New Mexico</strong><td class=column-2><div style=text-align:right>154,804</div><td class=column-3><div style=text-align:right>99.0%</div><td class=column-4><div style=text-align:right>334,945</div><td class=column-5><div style=text-align:right>53.3%</div><tr class="row-34 even"><td class=column-1><strong>New York</strong><td class=column-2><div style=text-align:right>2,168,799</div><td class=column-3><div style=text-align:right>99.8%</div><td class=column-4><div style=text-align:right>4,106,086</div><td class=column-5><div style=text-align:right>50.2%</div><tr class="row-35 odd"><td class=column-1><strong>North Carolina</strong><td class=column-2><div style=text-align:right>913,398</div><td class=column-3><div style=text-align:right>99.6%</div><td class=column-4><div style=text-align:right>1,672,050</div><td class=column-5><div style=text-align:right>44.1%</div><tr class="row-36 even"><td class=column-1><strong>North Dakota</strong><td class=column-2><div style=text-align:right>73,142</div><td class=column-3><div style=text-align:right>98.8%</div><td class=column-4><div style=text-align:right>198,964</div><td class=column-5><div style=text-align:right>57.3%</div><tr class="row-37 odd"><td class=column-1><strong>Ohio</strong><td class=column-2><div style=text-align:right>949,479</div><td class=column-3><div style=text-align:right>99.6%</div><td class=column-4><div style=text-align:right>2,192,920</div><td class=column-5><div style=text-align:right>45.8%</div><tr class="row-38 even"><td class=column-1><strong>Oklahoma</strong><td class=column-2><div style=text-align:right>350,718</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>712,582</div><td class=column-5><div style=text-align:right>52.4%</div><tr class="row-39 odd"><td class=column-1><strong>Oregon</strong><td class=column-2><div style=text-align:right>377,860</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>852,983</div><td class=column-5><div style=text-align:right>55.0%</div><tr class="row-40 even"><td class=column-1><strong>Pennsylvania</strong><td class=column-2><div style=text-align:right>1,058,033</div><td class=column-3><div style=text-align:right>99.6%</div><td class=column-4><div style=text-align:right>2,497,524</div><td class=column-5><div style=text-align:right>46.6%</div><tr class="row-41 odd"><td class=column-1><strong>Rhode Island</strong><td class=column-2><div style=text-align:right>101,516</div><td class=column-3><div style=text-align:right>98.9%</div><td class=column-4><div style=text-align:right>229,974</div><td class=column-5><div style=text-align:right>52.8%</div><tr class="row-42 even"><td class=column-1><strong>South Carolina</strong><td class=column-2><div style=text-align:right>418,031</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>794,711</div><td class=column-5><div style=text-align:right>46.3%</div><tr class="row-43 odd"><td class=column-1><strong>South Dakota</strong><td class=column-2><div style=text-align:right>86,550</div><td class=column-3><div style=text-align:right>99.0%</div><td class=column-4><div style=text-align:right>210,534</div><td class=column-5><div style=text-align:right>58.8%</div><tr class="row-44 even"><td class=column-1><strong>Tennessee</strong><td class=column-2><div style=text-align:right>603,310</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>1,096,245</div><td class=column-5><div style=text-align:right>42.3%</div><tr class="row-45 odd"><td class=column-1><strong>Texas</strong><td class=column-2><div style=text-align:right>2,679,964</div><td class=column-3><div style=text-align:right>99.8%</div><td class=column-4><div style=text-align:right>4,706,864</div><td class=column-5><div style=text-align:right>45.1%</div><tr class="row-46 even"><td class=column-1><strong>Utah</strong><td class=column-2><div style=text-align:right>287,803</div><td class=column-3><div style=text-align:right>99.3%</div><td class=column-4><div style=text-align:right>572,888</div><td class=column-5><div style=text-align:right>46.2%</div><tr class="row-47 odd"><td class=column-1><strong>Vermont</strong><td class=column-2><div style=text-align:right>77,614</div><td class=column-3><div style=text-align:right>99.0%</div><td class=column-4><div style=text-align:right>161,080</div><td class=column-5><div style=text-align:right>61.3%</div><tr class="row-48 even"><td class=column-1><strong>Virginia</strong><td class=column-2><div style=text-align:right>745,886</div><td class=column-3><div style=text-align:right>99.5%</div><td class=column-4><div style=text-align:right>1,535,136</div><td class=column-5><div style=text-align:right>47.2%</div><tr class="row-49 odd"><td class=column-1><strong>Washington</strong><td class=column-2><div style=text-align:right>608,956</div><td class=column-3><div style=text-align:right>99.5%</div><td class=column-4><div style=text-align:right>1,379,558</div><td class=column-5><div style=text-align:right>51.4%</div><tr class="row-50 even"><td class=column-1><strong>West Virginia</strong><td class=column-2><div style=text-align:right>113,410</div><td class=column-3><div style=text-align:right>98.9%</div><td class=column-4><div style=text-align:right>275,145</div><td class=column-5><div style=text-align:right>49.2%</div><tr class="row-51 odd"><td class=column-1><strong>Wisconsin</strong><td class=column-2><div style=text-align:right>452,594</div><td class=column-3><div style=text-align:right>99.4%</div><td class=column-4><div style=text-align:right>1,258,929</div><td class=column-5><div style=text-align:right>49.9%</div><tr class="row-52 even"><td class=column-1><strong>Wyoming</strong><td class=column-2><div style=text-align:right>66,653</div><td class=column-3><div style=text-align:right>98.8%</div><td class=column-4><div style=text-align:right>131,499</div><td class=column-5><div style=text-align:right>63.1%</div><tr class="row-53 odd"><td class=column-1><strong>Total USA</strong><td class=column-2><div style=text-align:right>30,748,033</div><td class=column-3><div style=text-align:right>99.9%</div><td class=column-4><div style=text-align:right>59,915,217</div><td class=column-5><div style=text-align:right>47.3%</div></table></div></div><div class="elementor-element elementor-element-3676a866 elementor-widget elementor-widget-text-editor" data-id=3676a866 data-element_type=widget data-widget_type=text-editor.default><div class=elementor-widget-container><p><span style=color:gray><em>Table Data Source: U.S. Census Bureau. Figures released by the Small Business Administration Office of Advocacy, “Small Business Profiles”. Table does not include territories such as Puerto Rico or Guam. Percent of workforce in small businesses is based on the number of people employed in the private (nongovernmental) workforce. Percentages are rounded.</em></span></p><span id=ezoic-pub-ad-placeholder-925 data-method=placement-service></span><span data-ez-ph-id=925></span></div></div><div class="elementor-element elementor-element-2b3ea670 elementor-widget elementor-widget-spacer" data-id=2b3ea670 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-27add677 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=27add677 data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bbf9711" data-id=bbf9711 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-8a9dd88 smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=8a9dd88 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">Small Business Demographics</div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-4dce16ff smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=4dce16ff data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-119cc372" data-id=119cc372 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-6e033dc6 elementor-widget elementor-widget-accordion" data-id=6e033dc6 data-element_type=widget data-widget_type=accordion.default><div class=elementor-widget-container><div class=elementor-accordion><div class=elementor-accordion-item><div id=elementor-tab-title-1841 class=elementor-tab-title data-tab=1 role=button aria-controls=elementor-tab-content-1841 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>What is the average age of a small business owner in the U.S.?</a></div><div id=elementor-tab-content-1841 class="elementor-tab-content elementor-clearfix" data-tab=1 role=region aria-labelledby=elementor-tab-title-1841><p>Almost 51% of small business owners are 50 years old or older. The breakdown is as follows:<ul><li>Under 35 years – 15.9%<li>Age 35 to 49 – 33.2%<li>Age 50 to 88 – 50.9%</ul><p>Most people think of entrepreneurs as young, and for startups that tend to be true. However, successful small businesses have been around for years. The owner of these established small businesses ages along with the business. </div></div><div class=elementor-accordion-item><div id=elementor-tab-title-1842 class=elementor-tab-title data-tab=2 role=button aria-controls=elementor-tab-content-1842 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How many veteran small businesses are there in the U.S.?</a></div><div id=elementor-tab-content-1842 class="elementor-tab-content elementor-clearfix" data-tab=2 role=region aria-labelledby=elementor-tab-title-1842><p>There are 379,620 veteran-owned employer businesses in the United States. Veteran-owned businesses are those that are owned, operated, and controlled by veterans. (<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2018/12/07100130/Small-Business-Facts-Spotlight-on-Veteran-Owned-Employer-Businesses.pdf target=_blank rel="noopener noreferrer">SBA</a>)</p><span id=ezoic-pub-ad-placeholder-926 data-method=placement-service></span><span data-ez-ph-id=926></span><p>Following are some important small business stats on how veteran-owned businesses contribute to the US economy:<ul><li>Veteran-owned business firms have 4.2 million people on the payroll <li>Businesses owned by veterans amass $901 billion in total annual receipts </ul><p>When it comes to employing the number of average people per firm, veteran-owned firms employ on average 11 people. Read more, including which industries and states they are in <a href=https://smallbiztrends.com/veteran-owned-business-stats/ target=_blank rel="noopener noreferrer">Veteran Owned Business Statistics</a>.</div></div></div></div></div><div class="elementor-element elementor-element-88db92e elementor-widget elementor-widget-spacer" data-id=88db92e data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div><div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-21ce9616" data-id=21ce9616 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-560d815b elementor-widget elementor-widget-image" data-id=560d815b data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/wp-content/uploads/2020/03/small-business-owners-age.png target=_blank><img width=500 height=589 src=https://media.smallbiztrends.com/2020/03/small-business-owners-age.png class="attachment-large size-large wp-image-610234" alt="small business owners age" ezimgfmt="rs rscb1 src ng ngcb1"></a></div></div><div class="elementor-element elementor-element-425269b6 elementor-widget elementor-widget-spacer" data-id=425269b6 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-2db5a393 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=2db5a393 data-element_type=section><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-48c4c890" data-id=48c4c890 data-element_type=column><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-d014711 smb_section_hide_page_two elementor-widget elementor-widget-heading" data-id=d014711 data-element_type=widget data-widget_type=heading.default><div class=elementor-widget-container><p class="elementor-heading-title elementor-size-default">Small Business Financial Profile</div></div></div></div></div></section><section class="elementor-section elementor-top-section elementor-element elementor-element-67b453f4 smb_section_hide_page_two elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id=67b453f4 data-element_type=section data-settings='{"background_background":"classic"}'><div class="elementor-container elementor-column-gap-default"><div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ccd6a03" data-id=ccd6a03 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-207893a0 elementor-widget elementor-widget-accordion" data-id=207893a0 data-element_type=widget data-widget_type=accordion.default><div class=elementor-widget-container><div class=elementor-accordion><div class=elementor-accordion-item><div id=elementor-tab-title-5441 class=elementor-tab-title data-tab=1 role=button aria-controls=elementor-tab-content-5441 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How many small businesses are sole proprietors?</a></div><div id=elementor-tab-content-5441 class="elementor-tab-content elementor-clearfix" data-tab=1 role=region aria-labelledby=elementor-tab-title-5441><p>23.04 million small business owners are sole proprietors. And about 4.21 million small business owners are S corps. Partnerships and C corporations make up the rest. See the accompanying chart.</p><span id=ezoic-pub-ad-placeholder-927 data-method=placement-service></span><span data-ez-ph-id=927></span><p><img class="size-full wp-image-610058 aligncenter" src=https://media.smallbiztrends.com/2021/07/sole-proprietor-business-statistics.PNG alt="Sole Proprietor Small Business Statistics" ezimgfmt="rs rscb1 src ng ngcb1"><p style=text-align:center>[<a href=https://cdn.advocacy.sba.gov/wp-content/uploads/2020/10/22094435/Small-Business-FAQ-2020.pdf target=_blank rel=noopener>Image</a>]<p>The numbers break down according to business size:<ul><li>Among firms without employees, the majority of small businesses are sole proprietors (86.6%). A small business that has no employees tends to be much smaller in revenue size, too.<li>Once a business gets large enough to have employees or its finances get more complex, the business is more likely to file an S corp election with the IRS. Nearly half of all businesses large enough to have employees choose S-corp status. </ul><p>In practice, most business owners start out as sole proprietors, perhaps using a single-member LLC (still considered a sole proprietor by the IRS for tax purposes). But as the business grows, the owner may find it advantageous tax-wise to become an employee of his or her own company and file an S-corp election to save on FICA taxes. </div></div><div class=elementor-accordion-item><div id=elementor-tab-title-5442 class=elementor-tab-title data-tab=2 role=button aria-controls=elementor-tab-content-5442 aria-expanded=false><span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden=true><span class=elementor-accordion-icon-closed><i class="fas fa-plus"></i></span><span class=elementor-accordion-icon-opened><i class="fas fa-minus"></i></span></span><a class=elementor-accordion-title tabindex=0>How much does a small business owner make per year?</a></div><div id=elementor-tab-content-5442 class="elementor-tab-content elementor-clearfix" data-tab=2 role=region aria-labelledby=elementor-tab-title-5442><p>The median income for small business owners is: <ul><li>$51,816 for owners in incorporated businesses<li>$26,084 for owners in unincorporated businesses</ul><p>Median income means that half of small business owners’ earnings are above the number, and half are below. <p>Source of the above: American Community Survey, U.S. Census, 2017.<p>A different set of figures comes from private firm <a href="https://www.payscale.com/research/US/Job=Small_Business_Owner/Salary" target=_blank rel="noopener noreferrer">Payscale</a>. Its research shows that the average small business owner makes $70, 220 a year. The range is $31,000 to $159,000 annually. </p><span id=ezoic-pub-ad-placeholder-928 data-method=placement-service></span><span data-ez-ph-id=928></span></div></div></div></div></div><div class="elementor-element elementor-element-d61c75 elementor-widget elementor-widget-spacer" data-id=d61c75 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div><div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5383ac8" data-id=5383ac8 data-element_type=column data-settings='{"background_background":"classic"}'><div class="elementor-widget-wrap elementor-element-populated"><div class="elementor-element elementor-element-db31a42 elementor-widget elementor-widget-image" data-id=db31a42 data-element_type=widget data-widget_type=image.default><div class=elementor-widget-container><a href=https://smallbiztrends.com/wp-content/uploads/2020/03/small-businesses-by-legal-entity-structure.png target=_blank><img width=618 height=787 src="data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20width=%22628%22%20height=%22800%22%3E%3C/svg%3E" class="ezlazyload attachment-large size-large wp-image-610082" alt="small businesses by legal entity structure" ezimgfmt="rs rscb1 src ng ngcb1" data-ezsrc=https://smallbiztrends.com/ezoimgfmt/media.smallbiztrends.com/2020/03/small-businesses-by-legal-entity-structure.png></a></div></div><div class="elementor-element elementor-element-41d05ac0 elementor-widget elementor-widget-spacer" data-id=41d05ac0 data-element_type=widget data-widget_type=spacer.default><div class=elementor-widget-container><div class=elementor-spacer><div class=elementor-spacer-inner></div></div></div></div></div></div></div></section></div><hr class=clear></div><div class=bread-crumb-wrap><hr class=clear></div><footer><div class=foot-wrap><div class="footer-col about-footer-col"><h3>Small Business Trends</h3><p>Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. 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