An excerpt from the SBA's 2007 Small Business Economy Report...

"In 2004, the most recent year for which firm size data are available, small firms with fewer than 500 employees accounted for all of the net new jobs.

According to the U.S. Department of Commerce, Bureau of the Census, firms with fewer than 500 employees had a net gain of 1.86 million new jobs, while large firms with 500 or more employees had a net loss of 181,000 jobs. Small firms employed just over half of the private sector work force and generated more than half of nonfarm private gross domestic product.

More than 99 percent of American businesses are small, and the average small employer had one location and 100 employees, compared with 62 locations and 3,313 employees in the average large business."

Donovan Wadholm
www.diybizplan.com