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Want to increase your Sales & Profits, and pay only 10% cash sales commission for the increased sales? OBM can do just that, and we guarantee it!

 
     
     
Corporate Opportunity

Have you gotten so big that you forgot how you got there? Have you forgot how it felt, and the rewards from “thinking outside the box?” We are here to return you to those wonderful days of yesterday.

     
     
 
Professional Business Opportunity
Fortunate indeed are the favored few Professionals with full appointment calendars, and no appointments, no money. OBM can bring you additional appointments and additional money.

 
     
     
 
Media Opportunities
The Media & Advertising Industries all deal in a potential but vanishing asset. OBM can turn some of these vanishing assets into real assets and you pay only 10% sales commission.

 
     
 
     
   
Business Facts

August 03, 2005

Must-Know Facts about Small Business

By Katrina C. Arabe

A whopping 99% of all businesses in the U.S. are small companies, and that's just for starters. Here are other stats that may surprise
you:

Fact 1: Small is the majority.

According to this USA Today story, you get the 99% stat (99.7% to be exact) when a small business is technically defined as a business
with 500 employees or fewer. If you choose to define it more intuitively--say with fewer than 50 employees--small businesses would still
comprise 98% of all businesses.

Note: Facts 2 through 7 come from this SCORE site.

Fact 2: Small is big.

The estimated 23.7 million small businesses in the U.S...
* Have generated 60 to 80% of net new jobs annually over the last decade
* Employ 50% of the country's private workforce
* Represent 97% of all the exporters of goods
* Generate a majority of the innovations that come from U.S. companies
Source: U.S. Small Business Administration, June 2004

Fact 3: It's no small feat to survive.

* There were 572,900 new businesses, and 554,800 business closures. (Note: Not all closures were due to bankruptcies. Taken from Survival and Longevity in the Business Employment Dynamics Data, which appears in the May 2005 edition of Monthly Labor Review.)
* Two-thirds of new employer firms survive at least two years, and about half survive at least four.
* 66% of new establishments started in 1998 were still operating two years after they started; 44% were still operating four years later in 2002. Findings do not differ greatly across industrial sectors. Source: U.S. Small Business Administration, June 2004

Fact 4: Self-employment is on the rise.

From 1979 to 2003, self-employment went up: 33% for women, 37% for African Americans, 15% for Latinos, 10% for White Americans and 2.5% for men. Source: SBA, Office of Advocacy

Fact 5: More seniors are becoming entrepreneurs.

In 2002, the rate of self-employment for the workforce was 10.2% (13.8 million workers), but the rate for workers aged 50 and up was 16.4% (5.6 million workers). Although those age 50 represent 25% of the workforce, they account for 40% of the self-employed. People who retire early or whose jobs get phased out are expected to drive solo business formation in the future. Source: AARP/Rand Corp. "Self-employment and the 50 Population"

Fact 6: Small biz owners are advice-seekers.

* 52% get words of wisdom from individual mentors; 51% from social networks; 44% from trade associations; 36% from business advisors; 31% from the Internet and 27% from Chambers of Commerce
* Women are more likely to seek business advice: 69% women vs. 47% men.
Source: American Express

Fact 7: The Internet is hot in the small-biz world.

This year, hot markets for small businesses include...
* eBay drop-off sites
* Search engine optimization and Internet marketing
* Performance apparel
* Niche health and fitness
* Technology security consulting
* Services/products for the Hispanic market
Source: Entrepreneur magazine, "Newest Trends & Hottest Markets, January 2005

Fact 8: What's considered "small business" can vary by industry.

At least as defined by the Small Business Administration. According to this site, the SBA has established a size standard for most industries in the economy. Businesses are considered "small" if they meet or are below the following standards:
* 500 employees for most manufacturing and mining industries
* 100 employees for all wholesale trade industries
* $6 million for most retail and service industries
* $28.5 million for most general and heavy construction industries
* $12 million for all special trade contractors
* $0.75 million for most agricultural industries
About one-fourth of industries have a size standard that is different from these levels. They vary from $0.75 million to $28.5 million for size standards based on average annual revenues and from 100 to 1500 employees for size standards based on number of employees.


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