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The average revenue for a small business is in the $44,000 bracket. Obviously, most small business owners derive their s...
18/07/2022

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.

The fastest growing sectors in the world of small businesses include auto repair shops, dry cleaners, and beauty salons....
18/07/2022

The fastest growing sectors in the world of small businesses include auto repair shops, dry cleaners, and beauty salons. To really get a leg up on the small biz sector, try opening a service shop that frosts your tips and cleans your shirts while you wait for your car!

With a small budget you may be wondering how to get the word out about your new business. In 2013, 52 percent of compani...
17/07/2022

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.

Contrary to the popular belief that 50 percent of startups fail within the first year and 95 percent close shop by the 5...
17/07/2022

Contrary to the popular belief that 50 percent of startups fail within the first year and 95 percent close shop by the 5-year mark, the truth is: 70 percent of small businesses remain in operation for at least two years, 50 percent are still around in five years, 33 percent in 10 years, and 25 percent after 15 years.

Over 50 percent of the 120 million Americans in the workforce works in a small business. That means that the plumber you...
16/07/2022

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.

There are nearly 28 million small businesses in America. Of those 28 million, a full 22 million consists of one lone emp...
16/07/2022

There are nearly 28 million small businesses in America. Of those 28 million, a full 22 million consists of one lone employee. Finally—a way to make money from being anti-social!

In order to be subject to federal income taxes, a small business must have annual business receipts of $1,000. So much f...
15/07/2022

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!

A small business is defined as an enterprise that has fewer than 500 employees. So technically, that kid who opens his l...
15/07/2022

A small business is defined as an enterprise that has fewer than 500 employees. So technically, that kid who opens his lemonade stand on the corner every summer is a small business owner. Except…

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