Small Business and Entrepreneurship Overview

Vocabulary flashcards covering key statistical facts and concepts regarding small businesses and entrepreneurship.

New Monthly Business Starts

Approximately 500,000 new businesses started each month in the United States.

Small Businesses (U.S. Benchmark)

Businesses with fewer than 500 employees, totaling 30.2 million and accounting for 99.7 percent of all businesses in the United States.

Small Businesses with Fewer Than 20 Employees

Firms that represent 89 percent of all small businesses in the United States.

Women-Owned Businesses

11.7 million businesses in the United States, representing 36 percent of all small businesses.

Minority-Owned Small Businesses

9.2 million small businesses in the United States, accounting for 29 percent of all small businesses.

Small Business Workforce

59 million people, representing 47 percent of all employees and 42 percent of all salaries paid to employees.

Small Business Exporters

Small companies that have gone global, representing 97 percent of all exporters.

Local Economy Impact

The way small businesses foster local economies by keeping money close to home and supporting neighborhoods and communities.