Small Business at a Glance

IDC, a subsidiary of International Data Group:
  • Defines small businesses as firms with less than 100 employees and midsize businesses as firms with 100 to 999 employees; small and midsize businesses (SMB) are classified as firms with less than 1,000 employees.
  • Does not include homebased businesses in its definition of small businesses.
  • Defines small-office/home-offices (SOHOs) as small businesses with less than 10 employees that have income-generating home offices.

Source: IDC,2005
Small businesses:
 
  • Represent more than 99.7% of all employers
  • Employ half of all private-sector workers and 39% of workers in high-tech jobs
  • Provide 60% to 80% of the net new jobs annually
  • Pay 44.3% of total U.S. private payroll
  • Produce more than 50% of nonfarm private gross domestic product, or a GDP of roughly $6 trillion
  • Are 3% franchises
Source: SBA, "Small Business by the Numbers," June 2004

There are roughly 130 million U.S. workers employed by small businesses.

Source: SBA, "Small Business Economic Indicators for 2003," August 2004
 
 
Small businesses account for:
  • 52.6% of all retail sales
  • 46.8% of all wholesale sales
  • 24.8% of all manufacturing sales
Source: SBA, "Small Business Economic Indicators for 2003," August 2004

97% of all U.S. exporters of goods are small businesses.

Source: SBA, "Small Business by the Numbers," June 2004
Small businesses produce 13 to 14 times more patents per employee than large patenting firms.
Source: SBA, "Small Business by the Numbers," June 2004
 
2005 Small Business Breakdown by Numbers of Employees:
 
2005 Small Business Breakdown by Number of Employees
Source: IDC, "U.S. Small Business 2005-2009 Forecast," 2005
 

The average annual revenue of a small business is $3.6 million.

The average annual revenue of a small business with a website is $5.03 million.

SMALL BUSINESS ANNUAL REVENUE

Source: IDC, "Web Site Development in U.S. Small Businesses," June 2004

More than 48% of small businesses increased their annual revenues in 2003.

 
The Small-Business Market

  Page 1 |  2  |  3  |  4  |  5  |  6  |  7  |  8
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.