Most Common Industry For Small Business
Starting a businessrequires doing plenty of research beforehand—whether it’s to ensure the niche you’re entering is a viable one, to better gauge consumer demand, or for other factors that can affect the rise and fall of an enterprise.
一个关键的信息有抱负的企业家s should arm themselves with is what the most common industry for small businesses is—that is, how much competition each sector has.
Here’s a breakdown of the number of small businesses by industry.
Small businesses by industry
According to arecent report, there are 4.6 million small businesses providing professional, scientific, and technical services, making it the most common industry for small businesses. This means that 13.8% of the33.2 million small businesses in the United Statesare in this sector—around one in seven. More than 705,000 of them are located in California alone, the state with the largest number of small businesses in this sector. Incidentally, theGolden State is also home to the highest number of small businesses overall, with 4.2 million.
Second on the list ranking small businesses by industry is construction, with 3.5 million. With 3.3 million small businesses, the real estate and rental and leasing sector follows close behind in third place. The fourth-most common industry for small businesses is transportation and warehousing, with 3.1 million. These four industries mentioned so far are the only ones that have more than three million small businesses.
Rounding out the top five on this list of small businesses by industry is administrative, support, and waste management. There are 2.9 million small businesses in this sector.
The sixth-most common industry for small businesses is retail trade, with 2.7 million. The large number of retail small businesses should come as no surprise, given thatUS retail saleshave been growing year after year. Before launching straight into starting a retail business, knowing what thetop retail industry’s challengesare can help to set expectations. Studying thefastest-growing retailers in the USalso allows you to learn from the best.
Here are numbers seven to 10 on this list ranking small businesses by industry:
- Health care and social assistance: 2.7 million
- Arts, entertainment, and recreation: 1.7 million
- Accommodation and food services: 1 million
- Finance and insurance: 992,000