Facts And Stats About Businesses
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.
In an area like Springfield, MO, with about 200,000 population in the city and about 1,000,000 if you include the 10 counties surrounding Springfield, there are about 100,000 operating businesses in those 10 counties (within a 2 hour drive of Springfield).
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-technology jobs created during the last 30 years.
Some of these are part time ventures, but many are also full time businesses that have desirable revenues and profits.
9 out of 10 of the small businesses in the USA have fewer than 20 employees, and 95% have fewer than 500 employees.
More than 75% of all the businesses engaged in exporting are small businesses.
Among the fastest growing types of businesses: web search portal firms; internet service providers; internet traffic on line retailers; fast food restaurants, and service businesses such as nail salons, home health care, and other non-inventory intensive businesses.
Some of these “one man/one woman” businesses eventually become some of the most impressive companies in our economy.
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.
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.
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 domestic product (GDP)
40% of present small business owners expect to sell their businesses within 3 years.
Most businesses that sell to a new owner are not struggling businesses, but are good businesses, with good records, and good cash flow.
Most business owners who sell their business do so for simple, human reasons, such as: a wish to retire; divorce; partnership split ups; a desire to move to a different part of the country; having no one to pass the business on to; a wish to do something different (sometimes called "burn out"; or some other life-style reason, not for high risk or "scary" reasons.
About 20% of all small businesses at any given time have owners hwo are receptive to considering 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 nonowning 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.
Small businesses 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.
According to the New York Times bestseller, "the Millionaire Next Door" (Stanley and Danko, Pocket Books) 64% of American millionaires achieved their wealth by owning a business.
American Business Masters and Investments, Inc., 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 consultation you may register witht his web site and we will contact you.