Business · Facts & sources
4 sourced facts about small business and entrepreneurship, each with the context behind the number. 4 more are in today's round and appear here after it closes.
Answertwo-thirds
Small businesses have generated roughly two-thirds of all net new private-sector jobs in the U.S. since 2007.
Source: U.S. Small Business Administration (2023) en.wikipedia.org
Answerabout 79.6%
Federal data tracking businesses opened in the mid-1990s found about 79.6% survived their first year.
Source: U.S. Bureau of Labor Statistics, Business Employment Dynamics (2024) bls.gov
Answer43.5%
Small businesses accounted for about 43.5% of private nonfarm GDP in the U.S. in 2014.
Source: U.S. Small Business Administration, Office of Advocacy (2014) en.wikipedia.org
Answerabout half
Research suggests roughly half of U.S. male workers experience at least one period of self-employment by the time they retire.
Source: Global Entrepreneurship Monitor research, via Wikipedia (2007) en.wikipedia.org