In the second quarter of 2024, 61 percent of surveyed small business owners indicated that the health of their business was in good shape. A further 24 percent of respondents said the health of their business was about average. At the end of 2019, small businesses in "very good" health peaked at 43 percent. By the end of 2020, this number fell to 25 percent in the wake of the COVID-19 pandemic.

Introduction

Small Business Statistics: Small businesses are often seen as the backbone of the economy, and rightly so. They bring fresh ideas to the market and create jobs for people who may not have opportunities in larger companies. From one-person businesses to significant job creators, small businesses are crucial to the economy.

However, with 82% failing because of cash flow problems and only 50% making it to the five-year mark, it’s clear that achieving success is not easy. Here are some Small Business Statistics that can help entrepreneurs understand the market better and position their products or services for success.

Introduction

Small Business Statistics: Today, small businesses play a big role in the economy. They can be local stores, small service providers, or new startups started by regular people. These businesses support the community by creating jobs and offering new ideas. More people have opened small businesses in the last few years because online tools and flexible work options have made starting easier.

By looking at small business numbers, we can better understand how they grow, their problems, and which trends affect them. This article shares simple facts and data to show what small businesses look like today. These stats can give useful information whether you're a student, business owner, or interested party.

The following small business statistics broken down by industry to help you understand the small business landscape better.

In 2021, about 6.27 million small business firms with employees were counted in the United States. That same year, there were around 28 million non-employer small businesses.

A comprehensive dataset covering small business statistics in 2025, including failure rates, growth data, average revenue, number of employees, and market insights.

Data provided by the Community & Small Business Development Division of Development Services. Updated Annually.

About 1.5 million jobs are created in the US every year by small businesses alone. This means that 64% of all job creation comes from small businesses.

In August 2024, a net 13 percent of surveyed small business owners in the United States had plans to increase employment in the coming three months. Additionally, around 40 percent of said that they had current job openings.

These small business statistics will tell you everything you need to know about the growth of business and where it’s going in the future.

This table lists small business size standards matched to industries described in the North American Industry Classification System (NAICS), as modified by the Office of Management and Budget effective January 1, 2012.

The SME data warehouse is based on existing administrative data sources from Statistics Canada and Canada Revenue Agency. Data covers tax year 2001 to tax year 2006. The SME Data Warehouse contains a complete, up to date and unduplicated list of all businesses in Canada based on Statistics Canada's Business Register for tax years 2001-2006. This product currently produces data for Small and Medium Sized Enterprises (SMEs). SMEs are defined as enterprises with less than 250 employees and less than $50 million in total revenue.

During a survey on small businesses in the U.S. in August 2024, about 21 percent of the respondents stated that the most important problem for small businesses was quality of labor. Additionally, around 24 percent of survey participants said that inflation was the most important problem for their business, a slight increase from August 2023, when inflation was the biggest concern for 23 percent of businesses.

Discover the latest small business marketing statistics in 2024 from Wix and Vistaprint. Learn valuable insights and effective marketing strategies to stay ahead of the game.

Small Business Sentiment in Japan increased to 2 points in the first quarter of 2025 from 1 points in the fourth quarter of 2024. This dataset provides - Japan Small Business Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Small Business Administration maintains the Dynamic Small Business Search (DSBS) database. As a small business registers in the System for Award Management, there is an opportunity to fill out the small business profile. The information provided populates DSBS. DSBS is another tool contracting officers use to identify potential small business contractors for upcoming contracting opportunities. Small businesses can also use DSBS to identify other small businesses for teaming and joint venturing.

In August 2024, the U.S. Small Business Optimism Index amounted to 91.2. This is a slight decrease from a value of 93.7 in the previous month. The index consists of 10 indicators derived from questions addressing small business owners: Plans to create employment; plans to make capital outlays; plans to increase inventories; expect economy to improve; expect real sales higher; current inventory; current job openings; expected credit conditions; now a good time to expand; earnings trends.

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According to a new study, women started 49% of new businesses in the United States in 2021. This is way up from 28% in 2019.

Monthly dataset showing change in sales and jobs recorded by Xero, an online accounting software platform. This dataset is updated on a quarterly basis. These are official statistics in development. Source: Xero.