57 Small Business Statistics and Trends for 2020

What a wonderful repository of small business and entrepreneurship statistics and data.

The summary:

If you are a small business owner in the United States you are in good company. According to the United States Small Business Administration, there are 30.7 million small businesses that employ over 59.9 million employees. Small businesses (firms that employ fewer workers than the average for their respective industry) make up 99.7% of all companies in the U.S.

Small businesses may abound, but they’re not always built to last. In fact, nearly half of them fail after five years, making it important to study the statistics from the current environment to avoid making mistakes.

But this does not give justice to the breadth and depth of stats provided (wonderfully organized and presented, with great documentation of the sources). Check it out, from ZenBusiness:

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