Post by account_disabled on Dec 3, 2023 6:45:57 GMT
Only 12% of small businesses are started because the owner sees an oppstartiortunity within the market.
Nearly 44% of small business owners are between 39 and 54 years-old.
About 41% of small businesses are owned by people 55 to 75.
Only about 12% of small Whatsapp Mobile Number List businesses are owned by those younger than 38.
More than half (53.7%) of small business owners have graduated from college with a bachelor’s degree or higher.
Only 13% of small business owners have a Master’s degree.
81% of small business owners admit to working overtime during both the day and night.
Nearly nine in ten (89%) of small business owners will work on the weekends.
Seven out of ten business owners will work more than 40 hours per week.
Nearly every small business owner (92%) does not regret starting their company.
The most successful business owners tend to be over 55 years old but they will not have employees.Nearly half of all small businesses (45.84%) will use at least one digital platform to share products/services.
Nearly four in five (79%) use a digital tool like timeline template to plan and communicate with suppliers and customers.
Four in five small businesses are not utilizing the available technology to make their business easier to operate.
A third of small businesses will prioritize CRM platforms over other technology.
When a small business fully utilizes the technology they’ve subscribed to or bought, they will earn twice the revenue per employee and experience 400% the revenue growth as those that don’t.
Small businesses were the victims of 28% of 2020 data breaches.
More small entrepreneurs will build an eCommerce site, as 65% of the US population is expected to go shopping online in 2023 while web hosting packages for Magento and other eCom platforms are cheaper than ever.
Final Word
Small businesses are an important contributor to the world’s economy. They employ more people and are important to the national wealth. But being a small business owner isn’t easy. They have a high risk of failure and often have to work long and hard hours to make a success of the brands.
Nearly 44% of small business owners are between 39 and 54 years-old.
About 41% of small businesses are owned by people 55 to 75.
Only about 12% of small Whatsapp Mobile Number List businesses are owned by those younger than 38.
More than half (53.7%) of small business owners have graduated from college with a bachelor’s degree or higher.
Only 13% of small business owners have a Master’s degree.
81% of small business owners admit to working overtime during both the day and night.
Nearly nine in ten (89%) of small business owners will work on the weekends.
Seven out of ten business owners will work more than 40 hours per week.
Nearly every small business owner (92%) does not regret starting their company.
The most successful business owners tend to be over 55 years old but they will not have employees.Nearly half of all small businesses (45.84%) will use at least one digital platform to share products/services.
Nearly four in five (79%) use a digital tool like timeline template to plan and communicate with suppliers and customers.
Four in five small businesses are not utilizing the available technology to make their business easier to operate.
A third of small businesses will prioritize CRM platforms over other technology.
When a small business fully utilizes the technology they’ve subscribed to or bought, they will earn twice the revenue per employee and experience 400% the revenue growth as those that don’t.
Small businesses were the victims of 28% of 2020 data breaches.
More small entrepreneurs will build an eCommerce site, as 65% of the US population is expected to go shopping online in 2023 while web hosting packages for Magento and other eCom platforms are cheaper than ever.
Final Word
Small businesses are an important contributor to the world’s economy. They employ more people and are important to the national wealth. But being a small business owner isn’t easy. They have a high risk of failure and often have to work long and hard hours to make a success of the brands.