| The Role of New Businesses |
|
|
|
|
|
|
|
|
|
|
|
|
| 20
Million small firms in the USA in 1989 |
|||||||||||
 |
|||||||||||
| 25%
farms, 25% part time, 25% self run with no employees, |
|||||||||||
|
|||||||||||
| 25% have employees |
|||||||||||
| 12
million < $25,000 revenue |
|||||||||||
|
|||||||||||
| 6
million >$25K <$100K |
|||||||||||
|
|||||||||||
| 1.2
million >$100K < $1 million |
|||||||||||
|
|||||||||||
| 800,000
company have revenues > $1 million |
|||||||||||
|
|||||||||||
| 65,000
generate 93% of all net new jobs |
|||||||||||
|
|||||||||||
| > 1
million new ventures are started each year |
|||||||||||
|
|||||||||||
| Source:
“Entrepreneurship” Hisrich & Peters, IRWIN 1995 |
|||||||||||
|
|||||||||||