Startups and Small Businesses in Numbers
Wednesday, October 14, 2009
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Some fantastic statistics on the UK’s small business sector has been made available by the Federation of Small Businesses…
Amongst the highlights, are the following:
- There are 4.8 million small businesses in the UK (up from 4 million in 2003)
- 3 million businesses are sole proprietors
- 1.3 million are companies
- 462,000 are partnerships
- 97 per cent of firms employ less than 20 people
- 95 per cent employ less than 5 people
- Over 500,000 people start up their own business every year
- Small firms employ more than 59.4 per cent of the private sector workforce
- 13.7 million people work in small firms
- Small firms contribute more than 50.1 per cent of the UK turnover
- 64 per cent of commercial innovations come from small firms
- 25 per cent of all private sector enterprises operate in Business Services
- 21 per cent of all private sector enterprises operate in Wholesale, Retail or Repairs
- Over 2 million people run their small business from home
- Another 7.5 million people work for their boss from home
Some cracking starting points for discussion with students there
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