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20%
Small Businesses Fail
According to the U.S. Bureau of Labor Statistics, 20% of small businesses fail in their first year, while about 50% of small businesses fail within their first five years.
60M+
NUMBER OF SMALL BUSINESSES
Small businesses employ nearly 60 million people in the United States, which is about half of the country's private sector workforce. (Source: U.S. Small Business Administration,)
85%
Percentage of Word of Mouth Refererrals
According to Small Business Trends, 85% of small businesses say that word-of-mouth referrals are their most effective form of marketing.
52
Hours Per Wek
Guidant Financial states that the average small business owner works about 52 hours per week, with about one-third of small business owners working on weekends.
