Fun Facts Friday

It’s Friday and the weekend is in plain sight.  But before we scatter off to our various post work-week activities let’s dedicate a few more moments to what you’re best at…small business.

Below are a few small business fun facts that you may find intriguing, odd or even useful.

• The domain name business.com, was sold for $7million, one of the highest amounts paid for a single domain name…ever.

• Forty-eight percent of all small, employing businesses, excluding hired-manager operated businesses, have two or more family members who own the business

• Sixty percent of small family-business owners have one or more other family members work more than 20 hours per week in the business for wages or salary whether or not in a management capacity

• In 2008 there were approximately 29.6 million small businesses in the U.S.

• Typically 7 percent of Americans are self-employed. Ed Potter, President of the Employment Policy Foundation, predicts this rate could grow to as high as 10% in the next few years.

*Do you know of any other fun facts about small business?  Feel free to comment below.

Don’t forget to contact Merchant Resources International for your merchant cash advance of up to $500,000.