Member Since: 9/22/2007
Band Website: networktuesdays.com 331marketing.com
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Influences:..
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..According to the article, Source: U.S. Dept. of Commerce, Bureau of the Census
Small firms:
• Represent 99.7 percent of all employer firms.
• Employ about half of all private sector employees.
• Pay more than 45 percent of total U.S. private payroll.
• Have generated 60 to 80 percent of net new jobs annually over the last decade.
• Create more than half of nonfarm private gross domestic product (GDP).
• Supplied 22.8 percent of the total value of federal prime contracts in FY
2006.
• Hire 40 percent of high tech workers (such as scientists, engineers, and
computer workers).
• Are 52 percent home-based and 2 percent franchises.
• Made up 97 percent of all identified exporters and produced 28.6 percent of
the known export value in FY 2004.
• Small innovative firms produce 13 times more patents per employee than large
patenting firms, and their patents are twice as likely as large firm patents to
be among the one percent most cited.
An average of 645,000 new business start each year.
Due to lack of resources and/or knowledge 564,900 business closures in 2006 and
19,695 went bankrupt.
There are 26.8 Million businesses in the United States, according to the Office
of Advocacy estimates. Census data show that there were 5.9 million firms with
employees and 19.5million without employees in 2004.
2/3 of new employer establishments survive at least 2 years and 44% survive at
least 4 years,
Small businesses employ about half of the US workers.
So many big businesses seek more inexpensive resources outside of the United
States, that we rely mostly on successful small businesses to increase the US
economics.
Source: http://www.sba.gov/advo/stats/sbfaq.pdf
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