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.
Answer45.9%
Small businesses employ about 45.9% of all U.S. private-sector workers -- nearly half of the private workforce.
Source: U.S. Small Business Administration, Office of Advocacy en.wikipedia.org
Answerabout 49.6%
About 49.6% of that tracked cohort of new businesses were still operating five years after opening.
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 33.6%
Only about 22.0% of businesses from that tracked cohort were still operating a full decade after opening.
Source: U.S. Bureau of Labor Statistics, Business Employment Dynamics (2012) bls.gov