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If the 77 million small business employees in the U.S. were a country, it would be the 17th most populous country in the...
18/06/2022

If the 77 million small business employees in the U.S. were a country, it would be the 17th most populous country in the world, just behind Iran. We’d all secede except for the fact that we’d never decide which entrepreneur would run our new country.

If you’re unemployed right now, don’t worry: in 2011, 5.5 percent of self-employed people were out of a job the previous...
18/06/2022

If you’re unemployed right now, don’t worry: in 2011, 5.5 percent of self-employed people were out of a job the previous year. Steve Jobs, you’ll be happy to know, was a college dropout living with his parents when he, Steve Wozniak, and Ronald Wayne started Apple.

Here’s a scary fact: if a small company cannot resume business within 10 days of a natural disaster, it probably will no...
17/06/2022

Here’s a scary fact: if a small company cannot resume business within 10 days of a natural disaster, it probably will not survive. Yikes. Now there’s a subject for your next horror movie, David Fincher!

The average revenue for a small business is in the $44,000 bracket. Obviously, most small business owners derive their s...
17/06/2022

The average revenue for a small business is in the $44,000 bracket. Obviously, most small business owners derive their satisfaction from being their own boss rather than being rich.

With a small budget you may be wondering how to get the word out about your new business. In 2013, 52 percent of compani...
16/06/2022

With a small budget you may be wondering how to get the word out about your new business. In 2013, 52 percent of companies found new customers on Facebook. Which means that when people see you posting, liking, and commenting on silly animal videos, you can tell them you are doing market research.

Approximately 543,000 new businesses are started each month. Which means you’re going to have to create something a lot ...
16/06/2022

Approximately 543,000 new businesses are started each month. Which means you’re going to have to create something a lot more original than that bathroom finders app.

Over 50 percent of the 120 million Americans in the workforce works in a small business. That means that the plumber you...
15/06/2022

Over 50 percent of the 120 million Americans in the workforce works in a small business. That means that the plumber you called to fix your pipes last week who can’t even afford a belt to hold his pants up is probably a small business owner.

In order to be subject to federal income taxes, a small business must have annual business receipts of $1,000. So much f...
15/06/2022

In order to be subject to federal income taxes, a small business must have annual business receipts of $1,000. So much for Billy’s lemonade stand. However, rather than gnash your teeth every tax season, be glad you made enough income to file!

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