Business · Facts & sources
4 sourced facts about merchants and small businesses, each with the context behind the number. 4 more are in today's round and appear here after it closes.
Answer99.9%
Small businesses vastly outnumber large corporations, even though big companies employ more people in total.
Source: U.S. Small Business Administration, Office of Advocacy en.wikipedia.org
Answer69%
Most new small businesses do make it past their shaky first year or two.
Source: U.S. Small Business Administration (2023) en.wikipedia.org
Answer45.9%
Small businesses employ nearly half of all private-sector workers in the country.
Source: U.S. Small Business Administration, Office of Advocacy en.wikipedia.org
Answerabout two-thirds
Small businesses have been the single biggest engine of net new job creation over that stretch.
Source: U.S. Small Business Administration (2023) en.wikipedia.org