Facts About Business Owners
40% of present small business owners expect to sell their businesses within 3 years.
About 20% of all small businesses at any given time have owners who are receptive to being a part of an ownership change.
Business owners are more likely than wage earners to be in households classified as high income earners and wealth holders, according to a study released by the Office of Advocacy of the U.S. Small Business Administration.
The study found that small business-owning households were more than twice as likely as non-owning households (57.1% to 25.5%) to be high income, and over eight times more likely (21.2% to 2.5%) to be high wealth households.
According to the New York Times bestseller, “The Millionaire Next Door” (Stanley & Danko, Pocket Books), 64% of American millionaires achieved their wealth by owning a business.
The Great American Game of Business: Currently there are about 30,000,000 businesses in the USA, up from just 14.7 million in 1977.
There are about 200,000 businesses in metropolitan Kansas City Mo/Ks (about 10 counties), an area of about 2,000,000 population.
ABMI has specialized in helping business owners sell their businesses of all kinds, all sizes, all prices, in the Midwestern USA for almost 30 years. If you are a business owner, and would like to discuss how to sell your Kansas City business, or your Missouri business, or your Kansas business, please contact ABMI. We can help.
The 78% of the 27,000,000 businesses in the USA that had less than 20 employees altogether generated more than $950,000,000,000 (yes, 950 BILLION DOLLARS) in revenues in 2005.
Small businesses collectively represent more than 95% of the businesses in the USA.
Small businesses create over 75% of the new jobs made available in the economy annually, provide by far the majority of the "first jobs" most Americans find when they enter the workforce, and have contributed 40% of the new high-technoloby jobs created during the last 30 years. Some of these are part time ventures, but many are also full time businesses that have desireable revenues and profits.
Some of these are "one man/one woman" businesses, and some of those eventually become some of the most impressive companies in our economy.
Over the last decade, firms with fewer than 500 employees had a net gain of 1.86 million new jobs, while large firms with more than 500 employees lost more jobs than they created, for a net loss of 181,122 jobs.
9 out of 10 of the small businesses in the USA have fewer than 20 employees, and 95% have fewer than 500 employees.
Millions of these companies start out with no employees, then, as they grow, are bought and sold by entrepreneurs entering and leaving "The Great American Game of Business" ownership.
More than 75% of all the businesses engaged in exporting are small businesses.
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.
Small businesses in the USA create more than half of the non-farm private gross dometic product (GDP).
Small businesse have been referred to as "The Backbone Of The American Economy", acting as the driving force in the economic dynamic of virtually every metropolitan region.
American Business Masters & Investments, Inc (ABMI) has been working with entrepreneurs, business buyers and sellers, and their advisors, for almost 30 years, assisting them with their interest in The Great American Dream of buying, selling, owning and operating their own business. And, we've specialized in brokering "good businesses, with good cash flow and good records", as well as occasionally brokering struggling businesses of all kinds, all types, all sizes, all prices.
To arrange a no cost, no obligation consultaiton you may register with this web site and we will contact you.