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September 26, 2007

How Big is Small Business?

Categories: Trends Admin @ 6:23 pm

One of the themes at this year’s DEMOFall is “The Not So Small Small Business” that touches on the growing trend companies like LongJump are enabling by empowering small businesses with enterprise-class business solutions! In fact, our presentation today was part of DEMOFall’s “Small Business Session”.

This interest in services and solutions for small and medium-sized business is sometimes understated by the actual size and importance of small businesses in our economy.

According to the SCORE, small businesses are big business! The estimated 25.8 million small businesses in the United States are responsible for the following:

  • Generating 60 to 80% of net new jobs annually over the last decade
  • Employing 50.6% of the country’s private sector workforce
  • Representing 97% of all the exporters of goods
  • Representing 99.7% of all employer firms

The good news is that as more and more small businesses are having to use the same business tools used by larger enterprises, LongJump and others are there to “bridge the gap.”

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