Health care and social assistance have the lowest number of family-owned firms (18%). Management of companies and enterprises consist of 46% of family-owned firms. Agriculture services have the largest number of family-owned firms (46%). Here are some important small business statistics on family-owned companies: Some industries have the highest number of family-owned firms, while some have the lowest number of family-run firms. The number of family-owned firms is not even across industries. There are 6 million employer firms in the US, and one in three employer firms (31%) are family-owned firms. The number of family-owned businesses (employers firms) in the US is 1.86 million.Īs the name suggests, family-owned businesses are those where two or more family members control the decision making. A big share of business owners in rural areas reports having a good life despite the many challenges they face.Ĩ0% of rural entrepreneurs say they are better off than their urban counterparts, according to research done by a private sector company. You should also note that having a business in a rural area is not all about facing additional challenges. Then, prepare a business plan to tackle possible challenges you might face due to having your business in a rural area. So if you are going to open a business in a rural area, you should do your due diligence first. What’s more, small business support organizations, business mentors, small business mentors are prevalent in urban areas. But rural small business owners sometimes face some additional obstacles like poor connectivity, non-availability of talents, poor access to funding, etc. Rural or urban, challenges are an integral part of entrepreneurship. However, establishments in the metropolitan counties have grown by 1.9% during the same time. The growth rate of rural small businesses is 0.06%. 77% of women business owners have reported being happy, as per Guidant Financial research. So there is no surprise that a big share of women entrepreneurs are happy with what they are doing. According to a study by Guidant Financial, 71% of companies owned by women are profitable. What is good about women-owned firms is that they are growing steadily. 
On average, woman-owned companies have $1.3 million in annual sales and employ eight people.
Professional, Scientific, and Technical Services.The top industries by employment at companies owned by women are as follow: These firms play an active role in job creation – employing more than 9 million employees in the US. Women-owned firms are those business firms that are at least 51% owned, controlled, and operated by one or more female citizens of America. There are 9.9 million women-owned businesses total when including women-owned firms without payroll, according to the SBA.
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