Coleman’s Main Street Wednesday — A Few Need to Know Small Business Stats!
March 11, 2015
By Bob Coleman
Editor, Main Street Wednesday
I love stats!
Here are some great small business stats from SBA’s Office of Advocacy February report.
Percent of US demographic groups that are self employed:
Male — 11%
Veteran — 11%
Minority — 7%
Female — 7%
Breakdown of self-employed individuals in the US:
Male — 63%
Female — 37%
Minority — 26%
Veteran — 8%
Median income for individuals who are self-employed at their own incorporated business — $49,000
Median income for sole proprietors — $22,000
67% of small businesses that were founded in 2010 survived through 2012.
80% of small businesses founded in 2013 survived through 2014.
In the first quarter of 2014, 382,000 new small businesses opened their doors, while 364,000 closed their doors.