Small Biz Stat

The Entrepreneur's Time

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According to a study by Yankelovich Partners, entrepreneurs spend their time in the following ways: Administrative (31%), Doing the Work (38%), Selling to Customers (28%), Managing Employees (23%), Negotiating with Suppliers (23%), Financial Issues (30%).

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Home Business Beat Median Income

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According to Home Based Business Magazine, men and women who operate successful home businesses make $50,000 a year on average. This is twice the median income for people who work outside of the home.

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Do You Qualify?

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The Association for Enterprise Opportunity, an umbrella group for regional microlenders, estimates that 10 million entrepreneurs nationwide don’t qualify for traditional bank loans.

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Business Smart Phones

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$2.7 million is the amount U.S. small businesses spent on smart phones in the second quarter of 2009.

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Small Biz Credit Cards

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720 million is the number of promotions for small business credit cards mailed in a recent year. That’s 26 for every small firm in the country.

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Percetage of Business Ownership

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70% of all small businesses are sole propriators.

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