These are the most useful small business statistics for entrepreneurs

Small-business statistics can reveal more than just the current state of the market; they can reveal long-term “truths” about entrepreneurship in the U.S. Read our blog for a look at these stats.

Entrepreneurs tend to work at such a rapid and intense pace that it can feel like being in a vacuum at times. Knowing what's going on with other small businesses is a good way to keep a pulse on what’s going on in the market.

To assist you in getting a sense of the current environment, we've gathered some data regarding small companies. We combed through troves of government data to find the information that is most important to entrepreneurs and presented it below.

A business's survival is unlikely to be affected by the economy.

For the past eight years, annual business openings have outnumbered closings.

Approximately 81% of small businesses in the U.S.  have no employees.

According to the SBA, about half of all businesses survive for five years or longer

Minority-owned businesses account for about 8% of the 30.7 million small businesses in the United States

1 out of every 5 small businesses is owned by a family

Approximately one-third of startups launch with less than $10,000 in funding.