10 Things You May Not Know About US Small Businesses

Are you an entrepreneur or small business owner? Are you supporting entrepreneurs and small businesses?

According to this research from the Office of Advocacy, Small Business, there are some good reasons to patronize small businesses, and there may be more opportunity to in the coming years.

Small business owners are likely to be environmentally friendly, highly innovative, creative and well-educated and they create the majority of new jobs in the US each year.

NB: For research purposes, The Office of Advocacy, Small Business Administration (SBA), defines a small business as having fewer than 500 employees.

Statistics are from their website: http://www.sba.gov/advo .

1. More people in the US are becoming self-employed as contractors, freelancers or owners of microbusinesses, though conventional jobs still prevail.

Typically 7% in the US are self-employed. Ed Potter, President of the Employment Policy Foundation, predicts this could grow to as much as 10% in the next several years. This seemingly small percentage (10%) equates to millions of workers in a labor force of 146 million. [Source: Dallas Morning News,