Small Business Influence in the United Kingdom
Here’s more evidence of the power of small business across the globe.
A just-released report by the Small Business Service (PDF download) in the United Kingdom shows that small and midsize enterprises (SMEs) constitute the vast majority of businesses there — 99.8%.
That’s more or less equivalent to the situation in the United States, where small businesses make up 99.7% of total businesses.
As the chart above shows, SMEs account for over half (58.2%) of the employment in the U.K. They account for 52.4% of turnover (revenue).
[Hat tip to ByteStart, via Just for Small Business].
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