Saturday, February 26, 2011

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Being heavily invested now is the world of small business (I suppose I could add in the word medium here and use the SMB acronym), I thought this would be interesting. However, the very first one - number 10 - is suspect. I think a much more interesting number would be the percentage of people employed by small businesses. I'll bet it would be a significant, but lower number.



I worked for two organizations that each employed around 140,000 people world-wide and there are many that big and bigger. Frankly, I would expect the number of small business, as a percentage of employers, to be that high - but I think the metric is meaningless.



Number one - the last point - makes more sense to me and sort of obviates whatever value number 10 had. However, leading off with a useless metric kind of lowers the value of everything else in my eyes. Just sayin'!

Amplify’d from usgovinfo.about.com

Top Ten Reasons to Love U.S. Small Business

List highlights importance of small business to U.S. economy 

By Robert Longley, About.com Guide

The Small Business Administration (SBA) has announced the top 10 reasons to love small business, what the SBA's Office of Advocacy calls "the heart of the American economy."


10. Small businesses make up more than 99.7% of all employers.


9. Small businesses create more than 50 percent of the nonfarm private gross domestic product (GDP).


8. Small patenting firms produce 13 to 14 times more patents per employee than large patenting firms.


7. The 22.9 million small businesses in the United States are located in virtually every neighborhood.


6. Small businesses employ about 50 percent of all private sector workers.


5. Home-based businesses account for 53 percent of all small businesses.


4. Small businesses make up 97 percent of exporters and produce 29 percent of all export value.


3. Small businesses with employees start-up at a rate of over 500,000 per year.


2. Four years after start-up, half of all small businesses with employees remain open.


1. The latest figures show that small businesses create 75 percent of the net new jobs in our economy.


The SBA's Office of Advocacy, the "small business watchdog" of the government, examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President. It is the source for small business statistics presented in user-friendly formats and it funds research into small business issues.

Source: U.S. Small Business Administration]
Read more at usgovinfo.about.com
 

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