More businesses are starting small and staying small
according to a new
study published by the Bureau of Labor Statistics in March 2012. Reversing
the trend seen in the late 70’s, 80’s, and 90’s, the study finds that the
average size (measured by employment) of business establishments is falling –
startups went from an average of around 6.8 employees in 2001 to 4.7 employees
in 2011.
The study also finds that while the share of employment in
the smallest businesses remained constant throughout the 2000’s, the share of
businesses classified in the smallest size category increased – during the
2003-2007 expansion, the share of private sector businesses with fewer than 5
employees increased from 50.4% to 51%.
As more entrepreneurs decide to start small business, we
expect to see an increase in demand for business training and support services
appropriate for the smallest of businesses here at the Women’s Initiative,
where on average our graduates provide an average of 2.5 jobs for others 5 years
after graduation and see an average increase in income of almost $13,000 just 1
year after graduation.
1 comment:
Very interesting! =)
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