{"id":6584,"date":"2025-07-07T12:09:58","date_gmt":"2025-07-07T12:09:58","guid":{"rendered":"https:\/\/sblog.seebiz.com\/blog\/?p=6584"},"modified":"2025-11-11T10:17:25","modified_gmt":"2025-11-11T10:17:25","slug":"small-business-statistics","status":"publish","type":"post","link":"https:\/\/sblog.seebiz.com\/blog\/small-business-statistics\/","title":{"rendered":"24 Important Small Business Statistics Consider in 2022"},"content":{"rendered":"

According to the U.S. Small Business Administration (SBA), a small business has no more than 500 employees. And it has an average annual revenue that ranges from $750,000 – $38.5 million.<\/span><\/p>\n

\u00a0<\/span>These numbers may be surprising to many people, and rightfully so, considering they are for a “small business.”<\/span><\/p>\n

\u00a0<\/span>But keep in mind that these statistics change depending on your industry. Not every small business has nearly 500 employees.<\/span><\/p>\n

The <\/span>2019 SUSB Annual Data Tables by Establishment Industry<\/span> that 89% of small businesses in the U.S. have fewer than 20 employees<\/a> working for them.<\/span><\/p>\n

\u00a0<\/span>Moreover,<\/span> 90%<\/span><\/a> of the business population represents small businesses.<\/span>\u00a0<\/span>So, to prevail in their respective industries, small business owners must be diligent, careful, and creative to stand out from the rest.<\/span><\/p>\n

\u00a0<\/span>Keeping up with the new trends and changes in your industry will help you stay connected with buyers and optimize your business for future challenges.<\/span><\/p>\n

\u00a0<\/span>To save the time spent on research, we have researched and put together the latest small business statistics from credible sources in this post.<\/span><\/p>\n

\u00a0<\/span>Let’s take a look!<\/span><\/p>\n

General Small Business Statistics<\/b><\/h2>\n

Of all the businesses worldwide, about 95% are small businesses (Global Naps<\/a>)<\/strong><\/p>\n

Global Naps reports that there are approximately 400 million small businesses globally. These businesses comprise 95% of the total companies.\u00a0<\/span><\/p>\n

Small businesses are also responsible for 60 – 70% of employment globally.<\/span><\/p>\n

Approximately 99.9% of all USA businesses are small businesses (SBA<\/a>)<\/strong><\/p>\n

Small businesses account for a massive chunk of the U.S. economy.\u00a0<\/span><\/p>\n

According to the small business association, the total number of small businesses in the United States is 32.5 million.\u00a0<\/span><\/p>\n

This is a huge number and accounts for 99.9% of the total businesses in the U.S.<\/span><\/p>\n

Almost 46.8% of employees in the USA work for small businesses (SBA<\/a>)<\/strong><\/p>\n

There are 61.2 million employees in the U.S. who work for small businesses.\u00a0<\/span><\/p>\n

These small business employees make up 46.8 percent of the total workforce in America.<\/span><\/p>\n

83% of small businesses have moved at least some part of their business online (Salesforce<\/a>)<\/strong><\/p>\n

Moreover, 95% of them moved some operations online last year.<\/span><\/p>\n

This shift was mainly for the safety and convenience of employees and customers.<\/span><\/p>\n

Nearly 75% of small businesses increased their online presence via social media, email, and ads last year.<\/span><\/p>\n

There are over 9.2 million Minority Business Enterprises in the United States (SBA<\/a>)<\/strong><\/p>\n

Almost 8.2 million of these businesses run their operations without employees.\u00a0<\/span><\/p>\n

Thus, more than 1 million minority-owned businesses consist of employees.<\/span><\/p>\n

Covid-Related Small Business Statistics<\/b><\/h2>\n

During the pandemic, 45% of Small Businesses reported having earned less than 50% of their previous revenue (SmallBizTrends<\/a>)<\/strong><\/p>\n

Due to the pandemic, small businesses experienced a revenue drop, generating less than half of their previous revenue.<\/span><\/p>\n

This happened because revenue growth was slower for small businesses than customer growth.<\/span><\/p>\n

Almost 60% of small businesses permanently shut down because of the pandemic (Yelp<\/a>)<\/strong><\/p>\n

According to Yelp, 60% of small businesses that stopped their operations during the pandemic never reopened.<\/span><\/p>\n

\u00a0<\/span>Out of the total 163,735 U.S. businesses that were closed in the Pandemic, 97,966 permanently shut down.<\/span><\/p>\n

Approximately 62% of small business owners believe their businesses wouldn’t have survived if the pandemic had come 10 years ago (SalesForce<\/a>)<\/strong><\/p>\n

Most business owners believe that many businesses wouldn’t be able to survive this pandemic ten years ago. But thanks to the internet and e-commerce, it is possible now.<\/span><\/p>\n

\u00a0<\/span>Needless to say, technology has helped a lot in terms of buying and selling.<\/span><\/p>\n

Small Business Failure Statistics<\/b><\/h2>\n

Almost 20% of small businesses fail within the first year, 33% within two years, 50% within five years, and 66% of small businesses meet their end within ten years (Bureau of Labour Statistics<\/a>)<\/strong><\/p>\n

The Bureau of Labour Statistics reported that 21.6% of small businesses founded in March 2020 had closed by March 2021.<\/span><\/p>\n

\u00a0Similarly:\u00a0<\/strong><\/p>\n