Tuesday, February 24, 2009
Wednesday, April 9, 2008
How are small businesses financed?
In June 2006, small business loans (loans under $1 million) outstanding from 8,709 U.S.
reporting depository institutions were valued at $634 billion for 21.3 million loans. The comparable figures for 2005 were $601 billion in 21.0 million loans.
The 19.0 million micro business loans (loans under $100,000) outstanding in 2006 were valued at $146 billion, compared with $138.4 billion in the same number of micro business loans the previous year. The number of mid-sized business loans outstanding (loans ranging from $100,000 to under $1 million) grew by 13 percent from the
previous year.
www.sba.gov/advo/research/sbl_06study.pdf
reporting depository institutions were valued at $634 billion for 21.3 million loans. The comparable figures for 2005 were $601 billion in 21.0 million loans.
The 19.0 million micro business loans (loans under $100,000) outstanding in 2006 were valued at $146 billion, compared with $138.4 billion in the same number of micro business loans the previous year. The number of mid-sized business loans outstanding (loans ranging from $100,000 to under $1 million) grew by 13 percent from the
previous year.
www.sba.gov/advo/research/sbl_06study.pdf
How many businesses start and stop per year?
Estimates for businesses with employees indicate there were 649,700 new firms and 564,900 closures in 2006.
How many businesses are there?
In 2006, there were 26.8 million businesses in the United States, according to Office of Advocacy estimates. Census data show that there were 5.9 million firms with employees and 19.5 million without employees in 2004.
Applying the sole proprietorship growth rates to the nonemployer figures and similar Department of Labor growth rates to the employer figures produces the 26.8 million figure.
Small firms with fewer than 500 employees represent 99.9 percent of the 26.8 million businesses (including both employers and nonemployers), as the most recent data show there were more than 17,000 large businesses in 2004.
www.sba.gov/advo/research/rs258tot.pdf
Applying the sole proprietorship growth rates to the nonemployer figures and similar Department of Labor growth rates to the employer figures produces the 26.8 million figure.
Small firms with fewer than 500 employees represent 99.9 percent of the 26.8 million businesses (including both employers and nonemployers), as the most recent data show there were more than 17,000 large businesses in 2004.
www.sba.gov/advo/research/rs258tot.pdf
Small Business Administration (SBA)
Small businesses drive our economy. They create 70% of the new jobs and represent more than half of our non-farm private GDP. Since August 2003, more than 7.2 million jobs have been created —more jobs than the European Union and Japan combined.
Last year, SBA and its technical assistance partners counseled nearly 1.5 million entrepreneurs and its website received 26 million hits;
The SBA lends or guarantees more than $78 billion in loans and investments; It helps small business procure a fair share of government contracts, a record $80 billion in 2005;
Last year, SBA and its technical assistance partners counseled nearly 1.5 million entrepreneurs and its website received 26 million hits;
The SBA lends or guarantees more than $78 billion in loans and investments; It helps small business procure a fair share of government contracts, a record $80 billion in 2005;
Monday, December 3, 2007
Young Presidents Organization (YPO)
20,000 Leaders, 300 Chapters, in 100 Countries
"A" Requirements
Requirement #1
The candidate must have at least 50 regular, full-time employees or the equivalent under his or her control. Persons engaged on a commission basis rather than straight salary are considered employees if they are permanently connected with the corporation and receive their principal livelihood there from. Seasonal employees are not included in YPO's employee definition.
Requirement #2
The total compensation of all employees, excluding the compensation of the candidate, must exceed US$1,000,000.
"B" Requirements
Requirement #1
The corporation must meet dollar volume requirements based on the type of corporation he or she runs, as follows:
* Sales/Services/Manufacturing corporations must have at least US$8,000,000 in gross annual sales or turnover.
* Financial institutions must have average annual assets of at least US$160,000,000.
* Agency-type businesses must have annual fees or commissions billed of at least US$6,000,000.
Requirement #2
The corporation must have an enterprise value of US$10,000,000 as defined by one of the following:
* Net worth of assets before depreciation of US$10,000,000.
* Independent third-party investment/valuation of US$10,000,000.
* The sum of the company’s public equity value plus its debt less cash must equal US$10,000,000.
"A" Requirements
Requirement #1
The candidate must have at least 50 regular, full-time employees or the equivalent under his or her control. Persons engaged on a commission basis rather than straight salary are considered employees if they are permanently connected with the corporation and receive their principal livelihood there from. Seasonal employees are not included in YPO's employee definition.
Requirement #2
The total compensation of all employees, excluding the compensation of the candidate, must exceed US$1,000,000.
"B" Requirements
Requirement #1
The corporation must meet dollar volume requirements based on the type of corporation he or she runs, as follows:
* Sales/Services/Manufacturing corporations must have at least US$8,000,000 in gross annual sales or turnover.
* Financial institutions must have average annual assets of at least US$160,000,000.
* Agency-type businesses must have annual fees or commissions billed of at least US$6,000,000.
Requirement #2
The corporation must have an enterprise value of US$10,000,000 as defined by one of the following:
* Net worth of assets before depreciation of US$10,000,000.
* Independent third-party investment/valuation of US$10,000,000.
* The sum of the company’s public equity value plus its debt less cash must equal US$10,000,000.
Entrepreneurs’ Organization (EO) 6,600 Members
The Entrepreneurs’ Organization (EO) is a global community of business owners, all of whom run companies that exceed $1M (US) in revenue.
Founded 20 years ago by young, energetic entrepreneurs, EO is now 6,600 members strong with more than 108 Chapters in 38 Countries around the globe. Our members come from all walks of life and run companies of every type and size imaginable. But whether famous or not, with a staff of 2 or 20,000, we all have a common desire to grow our businesses, learn from others and, share our experiences.
Founded 20 years ago by young, energetic entrepreneurs, EO is now 6,600 members strong with more than 108 Chapters in 38 Countries around the globe. Our members come from all walks of life and run companies of every type and size imaginable. But whether famous or not, with a staff of 2 or 20,000, we all have a common desire to grow our businesses, learn from others and, share our experiences.
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