In the last post we talked about small business success and failure rates. This week, we’re going to talk more about small businesses in the US - and I guarantee there are a couple of stats in here that will blow you away! 🤯
Let’s start with the basics.
🤷What is a small business, anyway?
Small businesses don’t have to be that small! Depending on your industry, the definition of a small business depends on the number of employees and the annual revenue. 📈
📌99.7% of ALL firms in the US are small businesses. That’s 30 million businesses doing their best to offer products and services to their target markets!
📌47.8% of all US workers are employed by a small business.
In some industries, the definition of a small business maxes out at 250 employees. In other industries, the definition caps at 1,500 employees. 👀That’s a HUGE range!
But most businesses have nowhere NEAR that number of employees. Small businesses with less than 20 employees make up 90% of all US businesses, while 23 million US businesses have NO EMPLOYEES AT ALL! 🔥
To be successful as a small business, you absolutely MUST get a handle on sales and marketing. Success is not an accident. You’ve got to decide to be successful. Never undervalue who you are and what you know. Never underestimate what you are capable of. 💪
I will fight to see you and your business be one of the successful ones. But you have to want it too. You have to get clarity on the roadblocks and the obstacles, you’ve got to choose to overcome them, and then it’s time to win! 🏆🥇
Working to radically improve the lives of a billion++ people via tech & mindset