Did you know?

  1. There are 28 million small businesses in the U.S. — which outnumber corporations 1162 to 1
  2. Small businesses employ 57% of the country’s private workforce
  3. Small businesses pay 44% of U.S. payroll
  4. It takes just 6 days to start a business in the US, compared to a whopping 38 days in China
  5. And it costs 6 times as much to start a business in India than in the US
  6. Only 50% of businesses survive five years — though most (70%) hit the two-year mark
  7. If a small business can’t resume operations within 10 days following a natural disaster, it probably won’t survive
  8. Small businesses create 13 times more patents per employee than large patenting companies
  9. A small business went bankrupt every 8 minutes in 2009
  10. 60 to 80% of all new jobs come from small businesses

According to Business Insider