What is a small business? How many small businesses are there? What share of net new jobs do small businesses create? These are questions the Small Business Administration's Office of Advocacy receives on a daily basis. To respond to these and other pressing queries, Advocacy has updated its Frequently Asked Questions (FAQ). The Frequently Asked Questions is located at http://www.sba.gov/advo/stats/sbfaq.pdf.
The one-pager, front and back, is begging to be push-pinned to workspaces for anyone who wants a quick reference guide on the status and role of small businesses in America.
But not to leave you hanging. . . Advocacy usually defines a firm as small if it has fewer than 500 employees; 27.5 million businesses were estimated for 2009 and almost all were small; and smalls create 65 percent of the net new jobs.