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What’s a Small Business Entrepreneur Look Like?

by smallbizbee · 4 comments



Male: 62.6%

Female: 37.4%

Average Age: 37.6

Average Salary: $39,000 - $61,000/yr

Minority Owned: 18%

Average Small Business Loan Size: $152,000 (all SBA data), $13,000 (All Micro Loans)

According to the United States Small Business Association (SBA), small businesses in this country:

  • provide approximately 75% of the net new jobs added to the economy
  • represent 99.7% of all employers
  • employ 50.1% of the private work force
  • provide 40.9% of private sales in the country
  • account for 39.1% of jobs in high technology sectors in 2001
  • account for 52% of private sector output in 1999
  • represent 97% of all US exporters

Small Business Openings & Closings:

Starts and closures

Sources: U.S. Dept. of Labor, Bureau of Labor Statistics; U.S. Dept. of Commerce, Bureau of the Census
http://www.sba.gov/services/financialassistance/sbaloantopics/microloans/index.html
http://www.whitehouse.gov/omb/expectmore/detail/10002346.2007.html

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{ 4 comments… read them below or add one }

1 ennymanNo Gravatar September 28, 2008 at 2:07 pm

Good information. I note the average age is 37, but a lot of hot high tech startups don’t want anyone over 30. There’s a lot of wisdom out there from the older crowd… mistakes learned the hard way that young people could benefit from. How bring the two together?

Off Topic:
I am trying to learn all I can about social media… How did you put all those “Share & Enjoy” below the Similar Posts lines?

2 smallbizbeeNo Gravatar September 28, 2008 at 2:22 pm

I was a little surprised by the age as well, I was thinking younger. However when I researched it further it made sense…most people who start their own business need the real world/life experience necessary to make it successful that someone fresh out of college just doesn’t have. I agree with you totally that there is a lot the younger crowd could learn from those that have already made the mistakes and learned from them, I can tell you that when I was younger and starting my business, I listened intently to anyone who had been down the path before me!

As for the “Share and Enjoy”…I use the following plugin with wordpress. It’s super easy!

http://wordpress.org/extend/plugins/sociable/

3 Swisher Sweetie (WenNo Gravatar September 28, 2008 at 2:54 pm

Thanks for the statistics. They look quite interesting. I added some of them to my site and gave a link back to this post so my readers can read your entire article.

Wendy
http://www.businessbloggingguide.com/2008/09/what-does-small-business-entrepreneur.html

4 smallbizbeeNo Gravatar September 28, 2008 at 2:59 pm

@Wendy

Thanks for stopping by, and linking up.

Matt

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