Did you know…
We often hear of businesses too big to fail, but the truth is small businesses are the backbone of the economy.
A recent study by the U.S. Small Business Administration’s (SBA) Office of Advocacy counted 26.8 million businesses in the United States. Of those, 99.9% have fewer than 500 employees and as such are considered small businesses.
• 98.2% have fewer than 100 employees.
• 89.3% of the businesses in America have fewer than 20 employees
• 78.6% have fewer than 10 employees and
• 60.8% have fewer than 5 employees.
As we move into 2013, small businesses should be applauded for all they do in this economy and the jobs they provide.
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Tags: business owners, economy, jobs, small business
