Tremendous Growth in US Entrepreneurial Activity
These numbers certainly do exhibit robust growth in entrepreneurial/business activity from 2000 to 2005.
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Via the Small Business and Entrepreneurial Council
Other Small Business Facts:
Small business statistics highlighted in the 2005 Small Business FAQ include:
• Small businesses represent 99.7 percent of all employer firms.
• Over the past decade, small business net job creation fluctuated between 60 and 80 percent.
• Small businesses generate more than 50 percent of the non-farm private gross domestic product (GDP).
• Two-thirds of new employer establishments survive at least two years after start-up, and 44 percent survive at least four years.