Fred Harteis – Small Business holds the economy together and most of us do not even realize who it impacts the economy. Below are some small business facts that might surprise you.

 

 

The Small-Business Economy
Small business produces roughly half of the private Gross Domestic Product and between 60 percent and 80 percent of net new jobs.

·                          American small business is the world's third-largest economy, trailing only the U.S. as a whole and Japan.

·                          The United States has almost 6 million small employers, 90 percent of which employ fewer than 20 people. Small firms represent 99.7 percent of all employers. There are 29 million tax returns filed reporting some business income.

·                          In 2005, the number of new employing small businesses increased 4.5 percent from 2004.

·                          About 6 percent to 7 percent of the U.S. population is in the process of starting a business at any given time.

·                          About 53 percent of new small businesses begin in the home with less than $10,000. Many start with leased or used capital and equipment. About 3 percent are franchises.

·                          Small businesses have developed a significant number of this nation's most important inventions and innovations such as heart
valves and the airplane. Small firms are twice as innovative per employee as larger firms.

·                          About 5 percent of small, employing businesses hold a patent.

·                          More than 90 percent of adult Americans would either strongly approve or approve of their son/daughter starting a business.

·                          Women and minorities are starting small businesses in record numbers.

 

 

Fred Harteis and Linda Harteis are members of IBOAI

 

IBOAI, the official trade business association of independent business owners, Quixtar IBO’s. It’s mission is to serve and protects the business interests of independent business owners powered by Quixtar; the leadership team includes Jim Janz,   Don Wilson, Billy Florence, Jody Victor.

 

Billy Florence leads Team DCI. Billy Florence owns Equad News. Fred Harteis owns Harties International and is the former president of the IBO trade association. .

 

 

Key words: Fred Harties,   Billy Florence, Don Wilson

 

© 2007 FRED HARTEIS Amway Quixtar permission to Fred Harteis web blog