Small business can create big impact.Let’s see how small businesses can help. In America, 50 million people are employed through small businesses. Another 20 million people are recruited by companies with less than 20 employees.
When it comes to the impact on economy, these small companies generate over $11 trillion in receipts per annum. They contribute 38% of all business receipts in the U.S.
Additionally, 90% of entrepreneurs donate money to charitable causes. Another 70% of entrepreneurs donate both their time and money. And these small firms produce 13 times more patents compared to large companies.