8 Facts That Will Make You Proud to Be a Small Business Owner

Chin up, small business owner! You’re transforming the workforce in powerful, amazing ways—and we’ve got the numbers to prove it.

1. We’re awesome at creating new jobs.

Small businesses have generated 60% of new jobs since 2009.

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2. We’re a force to be reckoned with.

Over 50% of the working population works in a small business—that’s 120 million people!

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3. We’ve ditched the office.

Small business owners are turning the work-from-home lifestyle into the new norm. 52% of all small businesses are home-based.

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4. Both the young and young-at-heart are crushing it at small business ownership.

Though folks in their forties and fifties dominate small business ownership, more than 3 million of these businesses are owned by people over 65, and half a million are owned by young entrepreneurs under 25.

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5. We’re growing more and more diverse.

Nearly 15% of small business owners are people of color. Latina-owned businesses alone grew by over 86% between 2007 and 2012!

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6. We’re proud of our ladies…

36% of small businesses are owned by women, and women-owned businesses raked in a collective $1.4 trillion in 2012.

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7. …And our veterans!

Let’s not forget the vets who dive into entrepreneurship after serving in the armed forces. Just over 9% of small business owners are veterans.

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8. You’re in good company.

Your small business is one of more than 28 million small businesses across the United States.

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The post 8 Facts That Will Make You Proud to Be a Small Business Owner appeared first on Fundera Ledger.

from Fundera Ledger https://www.fundera.com/blog/2016/07/18/8-facts-proud-to-be-smb/