Recent data from the U.S. Small Business Administration (SBA) shows the U.S. is home to 33.2 million small businesses, making up 99.9% of all businesses across the country.
Defined as having fewer than 500 employees, small businesses have a big impact on local economies. From 1995 to 2021, they were the source of more than 60% of newly created jobs, represented 97.3% of all exporters and made up nearly 44% of the nation’s gross domestic product.
Yet despite their significant economic and workforce… Experts emphasize importance of intentional preparation for successful small business transition planning
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Recent data from the U.S. Small Business Administration (SBA) shows the U.S. is home to 33.2 million small businesses, making up 99.9% of all businesses across the country.
Defined as having fewer than 500 employees, small businesses have a big impact on local economies. From 1995 to 2021, they were the source of more than 60% of newly created jobs, represented 97.3% of all exporters and made up nearly 44% of the nation’s gross domestic product.
Yet despite their significant economic and workforce… Related
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