Did you know that there are over 28 million small businesses in the United States with approximately 543,000 new businesses starting each month? This infographic from Business Insider offers 16 surprising statistics that you probably didn't know about small businesses. For example, in addition to those 28 million small businesses, there are 22 million self-employed individuals with no additional employees on their payroll. Merchants already know there is a lot a competition out there, but these statistics show just how crowded certain sectors can be, specifically the fastest growing sectors: auto repair shops, beauty salons and dry cleaners.
However, your fellow small business owners are more than just competition. Your millions of peers offer millions of opportunities for potential mentors and business partnerships. Keep this in mind when studying the businesses that surround you.
Check out the infographic here for all the details about U.S. small businesses.