In this video, I will discuss the business environment and everything you need to know before starting your business! We cover the total amount of small businesses in the US, the impact those businesses have on the economy, the growth rate of new businesses, survival rates of small businesses over time, and a brief introduction to government regulation and compliance. You can find the sources for all data mentioned using the links below!
–FAQ’s 2020 | U.S. Small Business Administration
https://cdn.advocacy.sba.gov/wp-content/uploads/2020/11/05122043/Small-Business-FAQ-2020.pdf
–Small vs. Large Businesses | Chron
https://smallbusiness.chron.com/determines-small-business-vs-large-business-20302.html
–Information on Small Business Startups | Chron
https://smallbusiness.chron.com/information-small-business-startups-2491.html
–Pandemic Entrepreneurs Started Many New Small Businesses | Salesforce
https://www.salesforce.com/blog/small-business-pandemic-entrepreneurs/
–Applications to start new businesses hit 5.4 million in 2021, a new record | NPR
https://www.npr.org/2022/01/12/1072057249/new-business-applications-record-high-great-resignation-pandemic-entrepreneur
–How Many New Businesses Start Each Year? | Oberlo
https://www.oberlo.com/statistics/how-many-new-businesses-start-each-year