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Young Entrepreneurs - Teens Developing Busnisses

The future of American enterprise is being shaped by young people of today who are filled with dreams, have a passion for change, hope for the future and a desire to succeed. Pursuing business knowledge at an early age is an important ingredient for future success.beginning tomorrow, I'll be posting a number of things teens may benefit from.Among those posts will be ideas and creativity, learning about money, success stories, and faqs.Hope to see you here.SuzieSuzie's Business Blog.

How do regulations affect small firms?

Very small firms with fewer than 20 employees spend 60 percent more per employee than larger firms to comply with federal regulations. Small firms spend twice as much on tax compliance as their larger counterparts. Take a look at the chart below: Type of Regulation

What role do women, minority, and veteran entrepreneurs play in the economy?

Women owned 5.4 million businesses that generated $819 billion in revenues, employed more than 7 million workers, and had nearly $150 billion in payroll in 1997. About three-quarters were sole proprietorships with receipts under $50,000. Of U.S. firms in 1997, 5.8 percent were owned by Hispanic Americans, 4.4 percent by Asian Americans, 4.0 percent by African Americans, and 0.9 percent by American Indians. Of total minority-owned business receipts, Asian American-owned businesses earned more than 51 percent; Hispanic Americans, 31 percent; African Americans, 12 percent; and American Indians, 6 percent. Veteran self-employed people numbered about 1.6 million or 14 percent of all U.S. self-employed in 2001. See More Great Business Related ArticlesSee you later.Suzie

How are small businesses financed?

Important question. Well . . . About 82.5 percent of small firms used some form of credit in 1998. Small firms use many different sources of capital, including their own savings, loans from family and friends, and business loans from financial institutions. Credit cards, credit lines, and vehicle loans are the most often used types of credit. Commercial banks are the leading suppliers of credit, followed by owners and finance companies. Data from the Federal Reserve Board Survey of Small Businesses Finances, 2003 are currently being prepared.Looking for the archives?Look to your right or See My Oldest PostsThanks for stopping by.Suzie

Hey Suzie - What is the survival rate for new firms?

Two-thirds of new employer firms survive at least two years, and about half survive at least four years. Owners of about one-third of the firms that closed said their firm was successful at closure. Major factors in a firm�s remaining open include an ample supply of capital, the fact that a firm is large enough to have employees, the owner�s education level, and the owner�s reason for starting the firm in the first place, such as freedom for family life or wanting to be one�s own boss. Business survival also varies by industry and demographics. The industry with the highest 1992�1996 survival rate for firms owned by white non-Hispanics was oil and gas extraction (82 percent survival rate over the four-year period). African Americans were most successful in legal services (79 percent), and Hispanic and Asian Americans in health services (66 percent and 76 percent, respectively).Hope that helps.Adult beverages?Wonderful selections of Wine and more.Shopper favorites - Imported and Domestic WinesSuzie

What is small firms' share of employment?

The small business share of employment remains around 50 percent. Although small firms create more than half�and sometimes all�of the net new jobs, some firms will become large firms as new jobs are created. Of 115.1 million nonfarm private sector workers in 2001, ( the most recent data I have to share with you ), small firms with fewer than 500 workers employed 57.4 million and large firms, 57.7 million. Smaller firms with fewer than 100 employees employed 41.0 million.Updated Daily - a news resource:News Headlines - Recent StorysSee you here tomorrow.SuzieSuzie's Business Blog

How many new jobs do small firms create?

In 2000-2001 (according to the most recent data), small businesses created all of the net new jobs in the U.S. Firms with less than 500 employees saw a net increase in employment of 1,150,875; however, large business employment decreased on net by 150,905. Overall net employment increased 999,970. The small business share varies from year to year and reflects economic trends. Over the decade of the 1990s, small business net job creation fluctuated between 60 and 80 percent. Having small businesses account for all of the net new jobs is not unique to 2000-2001. During the last economic downturn in the early 1990s, a similar result occurred. During an economic downturn in the early 1990�s, a similar result occurred.Interesting facts. Hope you're enjoying these FAQS. many more to come.See you back here.Suzie

How many small businesses open and close each year?

Estimates for businesses with employees indicate there were 572,900 new firms and 584,800 closures (both about 10 percent of the total) in 2003.Starts and Closures of Employer Firms, 1995�2003Take a look at this chart: Category 1995 2000 2001 2002 2003 New Firms 594,369 574,300 585,140 589,700e 572,900e Firm Closures 497,246 542,831 553,291 569,000e 554,800e Bankruptcies 51,959 35,472 40,099 38,500 35,037 And imagine if you add in the businesses without any employees other than the owner. Wow.SuzieSuzie's Family of Educational WeblogsLooking for Travel information and Tourism info ?Travel Blog - Visiting Abroad