Whether you’re a small business owner or a small business patron, you probably realize how important small business really is to the US economy. Numerous studies over the years have shown small business leading the way in growth and sales. If you were to take the time to read and review each study, you’d be sitting here for quite a while.
That’s why WebPageFX put together a handy infographic that outlines the results of important studies and gives us a big picture view of small business in the US.
From successful entrepreneurs offering insight and advice, to hard numbers and statistics from rigorous economical studies, you’ll find everything you ever wanted to know about small business in the US in the detailed and surprising infographic below.
Let us know what you think–find our thoughts on some of the statistics and figures on small business in the US below the infographic.
Why Small Business Matters to the US
Created by WebpageFX
Something that really jumped out at us from this infographic about small business in the US: The average cost and time it takes to start a business is $325 and 6 days on average?
That sounds like an awfully low estimate, especially when you consider certain industries with notoriously high startup costs and regulations that draw out the time it takes to get the business off the ground.
Another interesting bit from the infographic was the percentage of small businesses that are run entirely from home: 54%. As virtual receptionist and call answering service providers, we know that many of our clients run home-based businesses, but we also work with a lot of law firms and medical offices.
We’re interested to find out how many of you actually run your business from home–would you take a second to tweet @conrecept if you run your business from home? Let us know what type of business you’re involved in!