Earl Shay Profile picture
Apr 20, 2020 13 tweets 8 min read Read on X
There are 30.7M small businesses in the U.S. which account for 99.9% of all U.S. businesses (SBA, 2019)

SBA defines a #SmallBusiness as a firm having fewer than 500 employees.
This means that many highly valued startups in the U.S fit within this definition of small businesses. Image
The definition of a #SmallBusiness varies across the world.

For comparison, in the European Union any business that has fewer than 50 employees is considered a small business.

In Australia, companies with fewer than 15 employees are considered small businesses.
#SmallBusiness stats show that most businesses in America have fewer than 500 employees.

Those businesses with fewer than 100 employees account for 98.2% and those w/fewer than 20 employees account for 89%of all businesses in the country.

➡️98.2% have FEWER THAN 100 EMPLOYEES Image
WHAT ABOUT US PEONS➖WE GET SCREWED AGAIN
BY THE BIG GUYS ⁉️

Businesses w/fewer than 100 employees account for 98.2% Businesses w/fewer than 20 employees account for 89% of all businesses in the country.

➡️ 98.2% have FEWER THAN 100 EMPLOYEES
➡️ 89% have FEWER THAN 20 EMPLOYEES Image
With so many #SmallBusinesses in the U.S., it’s no surprise that small businesses👉'generate the majority of jobs in the United States.'👈

According to the SBA, small companies create 1.5M jobs annually and account for 64% of new jobs created in the U.S. (Fundera, 2019). Image
Past year stats show #SmallBusinesses have always been an👉integral part of the U.S.’s economy & growth.👈

They offer job opportunities, financial growth & an array of unique products/services.

Whether or not they become larger corporations they contribute to economic growth. Image
Over 90% of the business population represents small- and medium-sized businesses, also known as SMEs (SalesForce, 2019).

And as the last statistics showed,👉small companies are responsible for creating a large number of jobs.👈

➡️#SmallBusinesses GET THE SHAFT ‼️ Image
The Bank sent our #SmallBusiness an email, it stated this below⤵️

"NO #SmallBusinessRelief FOR YOU" because the #DemocratsHateAmerica and TO HELL WITH US IN THE MIDDLE CLASS WHO RUN INDEPENDENTLY ‼️

Where's the oversight ⁉️
WHY did so many large companies receive funding ⁉️ Image
More than 50% of small enterprises fail in the very 1st year & more than 95% of small startups fail within the first 5 years. (Convergehub, 2019)

Since its formation in 1998, our company has established itself as an affordable, low-cost high-quality trustworthy #SmallBusiness✔️ Image
The primary reason that new businesses fail is because of a lack of market demand. In fact, 42 percent of small businesses fail because of this reason (CB Insights, 2019)

🤔[Interesting b/c it used to be that the #1 reason for failure was 'bad location']🤔

THE 2nd REASON ...?? Image
The next most likely reason that new businesses fail is b/c they run out of cash.💰
Statistics show that 29% of new businesses reportedly failed because of lack of 💲finance💲 #PPP

➡️Established #SmallBusinesses NEED HELP TOO✔️
Thank you! Oberlo👍
@OberloApp
➡️GREAT INFO⬅️

#PPPFail
#SmallBusiness
#SmallBusinessRelief Image

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