The State of Small Businesses in the U.S. [Infographic]

Small businesses in the U.S. have a big impact on day-to-day American life. It’s difficult for small businesses not to have an impact when there are more than 28 million of them. With that kind of representation, you can’t miss them.

Whether you own a relaxing nail salon or a hip food truck, your small business is important to U.S. culture. This is part of the reason why Patriot Software offers affordable accounting and payroll software to U.S. small businesses. Keeping small business fees for payroll software and accounting software at a minimum will allow entrepreneurs to function more confidently, and keep their operating finances healthy.

Small businesses are constantly brought up in political debates. People and organizations promote American made products and buying from local establishments. Local news organizations run features celebrating businesses in the community. And to many people, opening a small business is a landmark on the road to fulfilling the modern American Dream.

There is a lot of buzz about small businesses. But, how are small businesses actually faring? Are they thriving and boosting local economies? Or, are they simply existing and fading away?

What’s on “The State of Small Businesses in the U.S.” infographic?

Small businesses are diverse. They are spread out across the country and have unique owners. Some businesses are sole proprietorships without employees, while others have many employees.

The infographic asks four questions about small businesses:

1. How many small businesses are there?

2. Who owns small businesses?
3. What is the lifespan of a small business?
4. Are small businesses hiring?

This infographic is packed with statistics that answer those four questions about U.S. small businesses.

“The State of Small Businesses in the U.S.” infographic will show you how many small businesses are in the country, along with where they are located. It breaks down owner demographics. You can see the average lifespan of small businesses, and how many small businesses are started each year.  You will also learn about small business hiring compared to large business hiring.

When you look at this infographic, you can compare your small business to other small businesses. How do you and your company measure up to other U.S. small businesses?