| Important Statistics for Expansion and Growth of The Small Businesses Posted: 25 Oct 2018 12:05 PM PDT Small businesses are expanding their roots on large scale. Many people are starting their own independent business. Leading to success and glory, these small businesses are providing major benefits to the people. As per the Office of Advocacy, a small business is a venture that constitutes fewer than 500 employees. 6 business statistics for growth and expansion that you need to know about: - Small business is not really small: Small businesses hold a big share in the economy of any country. In the US, 99.5% of the total employer firms are a small business and they accumulate 6% of the total private sector jobs and offers around 50% of the private sector employment. These businesses generate around 46% of total private sector output and employ only 43% of the high-tech employment.
- Types of businesses: The small businesses around the US are 52% home based, 73.2% sole proprietor, 2% Franchise, 19.5% corporation, and 78.5% non-employer business. Most of the small businesses are run by a single person and does not constitute of any employee. 83% of the small businesses are founded by their owners, 11 percent are purchased, 3% inherited and 4.4% of them are transferred or gifted.
- Social influence on the customers: Customers has great influence on social media. More than 45% of the customers are influenced by social media, they will check for the online presence, reviews, and other factors before making any purchase decisions. So the small businesses are making efforts to mark their presence on social media platforms like FaceBook, Twitter and Instagram. These businesses promote their products and services on the popular social media sites. These platforms help them to connect with the target customers.
- Technology for the Growth: Technology updaters at the early stages are gaining on the competitive advantages. Small businesses are getting high-performance sales rates by updating with the latest technologies. Small businesses have increased their spending on technology by 50%. As technological advantages have been known to lift their sales growth. 66% of the small business owners are relying on mobile devices to manage various organizational operations.
- Innovations in the small business: Small businesses tend to produce and register for patents 16 times more than the large companies. Research shows that increasing the number of employees also leads to a decrease in new innovations.
- Small businesses embracing AI: Although only 11% of small businesses are using Artificial intelligence. And, around 41% of them feel that AI is too complex to be used in their business. Almost 51% of the small businesses believe that AI is an important factor in opting for the new technologies. Artificial Intelligence is not just limited to Big businesses.
The small businesses have great scopes for expansion and growth in the market. They need to be proactive and consider these 6 business statistics for growth and expansion to focus on developing their business and reaching to the new heights in this competitive world. |
| The different types of column mailboxes Posted: 19 Oct 2018 03:41 AM PDT A column mailbox is one of the most attractive options for recessed mailboxes. The design of the mailbox is such that installation is meant to be in an exterior column. Unlike other mailbox types and designs, a column mailbox requires a decent amount of planning in advance. Stores like California Mailboxes sell several types of column mailboxes, but these are the three most common types: Front door access If you ever see a column mailbox anywhere, chances are that you would have seen a front-door access model. They are the most common and the most popular. Often, the choice to go with a front-door access model is because it is either more convenient or necessary to pull out the mail from the same side as the mail is inserted by the postman. Front and rear door access Much like the above mailbox there is a front area for inserting the mail. However, unlike the above extraction of mail is done from behind the column. There are several reasons for wanting this option, the first is safety, where you might not feel safe taking out mail in front with your back to the street. The other is design, where the placement of the column or mailbox might make it difficult. Standalone The standalone type of column mailboxes feature both the mailbox and column itself. Like the above you have front door and rear door access. The biggest advantage here is that you don't need any installation in existing columns or walls. |
