Did You Know? A
Compilation of Small Business Statistics
According to the June 2006 issue of The Small Business
Advocate:
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America's home-based sole proprietors generate $102 billion in annual revenue.
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The average home-based sole proprietor earned $22,569 in annual net
income.
According to IDC, "SOHO Market Overview 2003: Small
Businesses with Fewer than 10 Employees and Home-Based Businesses":
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The typical home-based business has been in operation for 10.7 years.
According to IDC, "U.S. Home Office 2004-2008 Forecast", March
2004, the number of U.S. home-based businesses in 2005 that:
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Generated income: 13.8 million
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Generated their own primary income: 9.7 million
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Generated a part-time income: 4.2 million
According to IDC, "Web Site Development in U.S. Small
Businesses", June 2004:
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The average annual revenue of a small business is $3.6 million
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The average annual revenue of a small business with a Web site is $5.03
million.
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The average length in business is 11.2 years.
According to SBA's, "Dynamics of Minority-Owned Employer
Establishments, 1999-2001", February 2005:
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Minorities own 15.1 % of all U.S. businesses, or more than 3 million firms, and
99% of these firms are small businesses.
According to the Center for Women's Business Research, December
2004:
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Women own 10.6 million businesses in the United States.
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They employ 19.1 million workers--that's one in every seven employees.
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Their businesses account for $2.5 trillion in annual sales.
According to the Center for Women's Business Research, "A
Compendium of National Statistics on Women-Owned Businesses in the U.S.",
September 2001:
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19% of all women-owned businesses used $10,000 or more to start their business.
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8% of women-owned businesses used $50,000 or more to start their business.
According to Wells Fargo/Gallup Small Business Index, August
2005:
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Small-business owners work an average of 52 hours per week.
According to JA Worldwide Interprise Poll, September 2005:
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69% of teens say they would like to start their own business; 25% saying they
would like to start a retail business.
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