I ran across a post over at the Entrepreneurial Mind announcing the release of updated small business statistics by the SBA.
While all of the stats given are interesting, a couple that hit close to home and thus particularly caught my attention:
- Small businesses are 52 percent home-based and 2 percent franchises.
- Of the 23 million nonfarm businesses in 2002, women owned 6.5 million businesses. These firms generated $940.8 billion in revenues, employed 7.1 million workers and had $173.7 billion in payroll.