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.

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

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

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.

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

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.

Small Business Development Centers (SBDCs) provide assistance to small businesses and aspiring entrepreneurs throughout the United States and its territories. SBDCs help entrepreneurs realize the dream of business ownership and help existing businesses remain competitive in a complex, ever-changing global marketplace. SBDCs are hosted by leading universities and state economic development agencies, and funded in part through a partnership with SBA.

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.

Introduction

Small Business Ownership Statistics: Small businesses stand as the real backbone of the world economy. Even in 2024, they continue to be instrumental in job creation, innovation, and community development. From busy urban centres to remote rural districts, small businesses provide the edge of economic growth and stability.

This article covers some of the latest small business ownership statistics from across the globe, pointing out major trends, challenges, and opportunities.

Increase the small business ownership rate from 1.48% in 2011 to 1.53% by 2017.

Introduction

Small Business Statistics: To balance out every country's economy, small businesses are termed the backbone. Small businesses are types of corporations, partnerships, or sole proprietorships that are independently owned companies with fewer employees and lower revenue than large companies. Many small businesses are now utilising the internet and various digital tools to connect with customers, and many of them generate income by selling online.

This article includes several statistical analyses from different sources that will guide you in understanding the importance of small businesses' effectiveness in recent years.

“Small Business Economic Development Advocacy (SBEDA) provides access to City contracts by promoting the participation of eligible local small, minority, and woman-owned businesses (S/M/WBEs) to address historically documented disparities. In FY 2023, the City of San Antonio, allocated $330 million to 517 unique local S/M/WBEs, representing the largest annual utilization in the history of the SBEDA program.

The data in this file represents actual payments during City of San Antonio FY 2023 (October 1, 2022 – September 30, 2023) to S/M/WBE prime contractors and subcontractors participating on City contracts in which the SBEDA program applied. SBEDA annual reports are considered snapshots to assess program strengths and weaknesses.”

Salutary Data is a boutique, B2B contact and company data provider that's committed to delivering high quality data for sales intelligence, lead generation, marketing, recruiting / HR, identity resolution, and ML / AI. Our database currently consists of 148MM+ highly curated B2B Contacts ( US only), along with over 4MM+ companies, and is updated regularly to ensure we have the most up-to-date information.

We can enrich your in-house data ( CRM Enrichment, Lead Enrichment, etc.) and provide you with a custom dataset ( such as a lead list) tailored to your target audience specifications and data use-case. We also support large-scale data licensing to software providers and agencies that intend to redistribute our data to their customers and end-users.

What makes Salutary unique? - We offer our clients a truly unique, one-stop aggregation of the best-of-breed quality data sources. Our supplier network consists of numerous, established high quality suppliers that are rigorously vetted. - We leverage third party verification vendors to ensure phone numbers and emails are accurate and connect to the right person. Additionally, we deploy automated and manual verification techniques to ensure we have the latest job information for contacts. - We're reasonably priced and easy to work with.

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Services: Data Enrichment - We assess the fill rate gaps and profile your customer file for the purpose of appending fields, updating information, and/or rendering net new “look alike” prospects for your campaigns. ABM Match & Append - Send us your domain or other company related files, and we’ll match your Account Based Marketing targets and provide you with B2B contacts to campaign. Optionally throw in your suppression file to avoid any redundant records. Verification (“Cleaning/Hygiene”) Services - Address the 2% per month aging issue on contact records! We will identify duplicate records, contacts no longer at the company, rid your email hard bounces, and update/replace titles or phones. This is right up our alley and levers our existing internal and external processes and systems.

This data set tracks the number of established businesses, non-profits, and startups that the City of Austin Economic Development and Small and Minority Business Resources departments supported each year. The data set lists the programs each business was served through, the race or ethnicity of the CEO or Executive supported, and zipcode, if available. This data can be used to distinguish areas of Austin and around the globe that have received small business services as well as the racial makeup of the executives of these established businesses, non-profits, and startups.

View more details and insights related to this data set on the story page: data.austintexas.gov/stories/s/hgbb-jkth

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.

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.

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 a 2024 survey of small business leaders and IT professionals in the United States, 58 percent of respondents stated that employee data was their most compromised company data in cyberattacks. Additionally, 53 percent of respondents reported customer or consumer data as the second most impacted company data.

The dataset exists to observe the entrepreneurial activity of Austin over a long time period. The data comes from the U.S. Census County Business Pattern table and is capturing data at the Travis County level. It contains the cumulative count of firms by employee size and count of firms by employee size by industry. This data can be used to see changes of employer growth by industry; to project where workforce growth could be occurring; or to simply see how many small businesses there are in Austin. View more details and insights related to this data set on the story page: data.austintexas.gov/stories/s/ndb5-si22