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2009 Top 10 Small Business Trends

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Steve King
Steve King

Top 10 small business trends for 2009 from Emergent Research. Includes economic, demographic and technology trends and shifts. Presentation more detailed than live version to make it more self-explanatory

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2009 Top 10 Small Business Trends May 29 th , 2009 Carolyn Ockels & Steve King Emergent Research
Emergent Research ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Entrepreneurial Economy is Here ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Long Term Drivers of Economic Decentralization and the Growth of Small Business ,[object Object],[object Object],[object Object],[object Object],[object Object],Three Eras of Transformation Leads to Growth of Small Business
27 Million U.S. Small Businesses Only 17,000 businesses with more than 500 employees Large Small Business Mid Market Micro & Personal About 2/3 of Personal Businesses are Significant Contributors to Family Income Main Street Sources: Intuit Main Street Quant Survey 2006, Intuit Segmentation Survey 2008, US Census data 2008 & 2009, US BLS data 2008 & 2009, Emergent Research estimates 2009 $65k $31M 5-19 100 - 499 Average Revenues $1.2M $6.1M # of Firms 1.8M 630K 90K 24.5 M # of Employees 20-99 0-4
The Next Decade The New Artisan Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],Source: New Artisan Economy research report (www.intuit.com/futureofsmallbusiness)
2009 Top 10 Small Business Trends ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Recession is Dominant Issue for Small Business in 2009 – And Drives Innovation ,[object Object],[object Object],[object Object],Economic Trends
Government Plays an Increasing Role in the Economy ,[object Object],[object Object],[object Object],Economic Trends
Global Infrastructure and Stimulus Spend ,[object Object],[object Object],[object Object],Economic Trends Source: The Stimulus Package: What it Means for Growing Businesses (www.myventurepad.com)
Small Business Numbers Will Increase in 2009 ,[object Object],[object Object],[object Object],Economic Trends Source: Warrillow, SBA; employer businesses only.
Small Business Globalization Will Temporarily Slow ,[object Object],[object Object],[object Object],Economic Trends
Baby Boomers Will Work Past Retirement Age ,[object Object],[object Object],[object Object],[object Object],Small Business Formation by Age Avg 45-54 55-64 65+ 27% More likely to start a smallbiz Sources: Kauffman Foundation, US Census Demographic Trends
Generation Y Will Turn to Small Business ,[object Object],[object Object],[object Object],[object Object],Percentage of Teens Who Want to Work For: % Someone Else Themselves Source: Gallup Poll Demographic Trends
Mobile Computing Continues Strong Growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Technology Trends
Cloud Computing Becomes Mainstream for Small Business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Technology Trends
Small Business Expands Use of Online Marketing ,[object Object],[object Object],[object Object],[object Object],[object Object],Technology Trends
2009 Top 10 Small Business Trends May 29 th , 2009 Carolyn Ockels & Steve King Emergent Research

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2009 Top 10 Small Business Trends

  • 1. 2009 Top 10 Small Business Trends May 29 th , 2009 Carolyn Ockels & Steve King Emergent Research
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  • 5. 27 Million U.S. Small Businesses Only 17,000 businesses with more than 500 employees Large Small Business Mid Market Micro & Personal About 2/3 of Personal Businesses are Significant Contributors to Family Income Main Street Sources: Intuit Main Street Quant Survey 2006, Intuit Segmentation Survey 2008, US Census data 2008 & 2009, US BLS data 2008 & 2009, Emergent Research estimates 2009 $65k $31M 5-19 100 - 499 Average Revenues $1.2M $6.1M # of Firms 1.8M 630K 90K 24.5 M # of Employees 20-99 0-4
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  • 18. 2009 Top 10 Small Business Trends May 29 th , 2009 Carolyn Ockels & Steve King Emergent Research