Startling Small Business Startup Stats & The Perfect Business For You
Author: Steve Little19 Jun
There has never been a better time to start a business.
There are more viable opportunities for you to pursue than at any other time in history. There is an infinite variety of business models, strategies and tactics to choose from.
Here’s why:
- Technology has leveled the playing field between you and well established big business.
- The internet has matured to such an unprecedented degree that literally anyone can start a fast-growth profitable online business at minimal cost.
- Home-based business has come of age and no longer carries the stigma of being more of a hobby than a business.
- Corporations increasingly outsource key functions to smaller businesses creating an abundance of opportunity.
- Professional people from all business disciplines accept that the days of corporate job security are gone completely.
According to Dr. Chad Moutray, Chief Economist for the Office of Advocacy of the US Small Business Administration (US-SBA):
“Statistics paint a compelling picture of just how important small business is to America. They show that small entrepreneurial businesses are America’s job-creators, innovators, and the path to mainstream economic activity for all segments of our society”.
Here are some other pretty compelling stats to consider. Did you know that:
- Small entrepreneurial businesses represent 99.7 percent of all employer firms in the nation.
- Over the past decade, small business net job creation consistently grew between 60 and 80 percent.
- Small businesses employ 75% of all private sector employees.
- Small business accounts for over 51% of the US Gross Domestic Product (GDP)
- The US small business economy is greater than the total economies of France, Germany, and Great Britain combined.
And these statistics do not even account for what is probably the single most significant future trend; the arrival of the baby-boomers on the entrepreneurial scene.
The leading edge of the baby-boomer generation is approaching traditional retirement age healthier and more energetic than most in any previous generation. Many in this generation are not looking to stop working and in practical terms while they have typically accumulated a substantial retirement asset based, many have portfolios that are unfit to provide for the financial demands of 40+ years of post career income.
People in the trailing edge (45-50) of this most economically influential generation are seeking more gratifying lifestyles earlier than their senior contemporaries. Rather than saving in midlife to finance outright retirement in their late fifties, people now save in their middle years to buy an extra measure of freedom to swap income for careers which make an impact.
The Gen-Next-ers, witnessing the boomer dilemma, are choosing to leverage the internet and other technological innovations to pursue radically different, more entrepreneurial vocational choices earlier in life. They are literally restructuring life cycles so that they take more leisure earlier in life.
And get this….
According to the Kaufmann Foundation for the past five years the number of new business start-ups has increased by nearly 30% with the people age 50-62 being the fastest growing group of new entrepreneurs in the U.S.
And that’s not all!
According to the most recently published US-SBA figures an astonishing 66 percent of new businesses prosper at least two years after start-up and 44 percent thrive at least four years.
These are pretty impressive statistics and these reports only include an accounting of those businesses created by people who have already made the decision to pursue the entrepreneurial dream. There are clearly millions of others who may sincerely desire a change but who are not yet underway.
But even more importantly than all of these statistics is the one fundamental truth that small business ownership transforms lives.
All around the world people are awakening from the circa 1950’s belief that they must sacrifice life-quality to accommodate a chosen profession to the refreshing more enlightened awareness that in order to live a satisfying and successful life their vocation, what they ‘do’, must support and enhance the life-qualities they desire.
This emergence of this social awareness and acceptance has catalyzed a powerful demographic shift that has created limitless opportunities for those willing to learn, grow, and succeed.
This article marks the begining of an 8 week series of articles.
As a special gift to you and as a free preview of a brand new amazing product launch scheduled for August 26th
I am going to give you a simple, sure fire, step by step, formula for finding THE PERFECT BUSINESS FOR YOU.
A business that capitalizes on these extraordinary demographic shifts
A business that is tailor-made to meet your personal passions, time freedom, and economic wishes.
A business that is a perfect genetic match for you and your inner most desires.
A business that is 100% guaranteed to deliver the successful, accomplished, and satisfying life you want to live.
If you are considering the possibilty of starting your own business, OR
If you have already started one and it is not everything you want it to me, OR
If you don’t want to be in business for yourself but know someone who does,
then stay tuned to this article series each Thursday evening for the next 8 weeks.
I am going to give you a simple, sure fire formula for finding the perfect business for yourself.
Keep Learning,
Steve
Your Success Champion

4 Responses for "Startling Small Business Startup Stats & The Perfect Business For You"
Steve, I’m always interested in what you have to offer. I know first hand from working directly with you the quality and commitment you bring to the table. When I gorw up I hope to be like you - no kidding!
Ed
Great! Steve
This class information is really good. Especially the small entrepreneurial businesses stuff.
Yes, you are a good successful champion in motivating us.
Thank you very much for sharing all this stuff with us.
Internet wealth generation
I look forward to continually learning from you, Steve. I am grateful to have your classes helping me rethink and reach my goals.
Jodi
Steve,
i agree completely with your analysis of why now is a great time to start up. in fact, your bulleted reasons at the top of your post are strikingly similar to the ones we list in Chapter 1 of our book, StartupNation:
5 Reasons to Start a Business Now
Technology levels the playing field between you and big business.
Today, the phrase “corporate job security” is an oxymoron.
The Internet provides an unprecedented opportunity to start an online business at a minimal cost.
Like never before, business can be done from home.
Corporate outsourcing to smaller businesses creates an abundance of opportunities.
Bonus Reason: The only person who can boss you around is you!
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