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Welcome to The Small Business Zone
The Home of Entrepreneurs
What Is A Small Business? |
Upcoming Small Business Events |
According to the
Small Business Administration (SBA) a small business is defined either by their annual revenue or the number of employees. This determination is based on the type of industry.
For example, some companies can have up to 1,500 employees and still be classified as a small business while others can only have up to 100.
Some companies are only allowed to have up to $750,000 in assets to be classified as a small business while others such as banks can have up to $175,000,000.
To find out if your business classifies as a small business visit the
SBA's website. |
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Some Interesting Statistics |
Some interesting statistics according to the
2012 U.S. Census
Survey on small businesses. | Group |
Total # of
Businesses | % of U.S. | Revenues |
White |
21,539,858 |
77 |
10.9 trillion |
American Indian and Native American | 272,919 |
0.99 | $38.8 billion |
Asian | 1,917,902 |
6.94 |
$699.4 billion |
Black or African American |
2,584,403 |
9.35 | $150.2 billion |
Native/Pacific Islander |
54,749 | 0.20 | $8.1 billion |
Hispanic |
3,305,983 |
11.97 | $473.6 billion |
Veteran | 2,521,000 | 9.13 | $1.1 trillion |
Women |
9,878,397 |
35.76 | $1.4 trillion |
'Be Enterprising and Prosperous'
Capitalism Lives Here |
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