The world is changing. It’s changing faster than ever before. But what does this mean for you and your business?
If you want to stay ahead of the game, then you need to know about these business statistics so that you can make smart decisions in your field of work.
Here are the most important ones to know in 2022:
1. Small businesses account for 90% of all global companies (World Bank)
The majority of businesses are small and medium-sized enterprises (SMEs), according to a World Bank study.
The report found that SMEs account for 90% of all global companies, and they represent 98% of all companies in the world’s advanced economies. These small businesses are the backbone of any economy and they need to be protected.
2. Today, there are over 3 billion smartphones in use globally (Gartner)
Smartphones are a great tool for entrepreneurs, as they can reach a wide audience at the touch of a button. But how do you reach them? You need to make sure that your business is properly targeted on these devices.
3. Women own 42% of all firms (World Bank)
In today’s world, it is important to celebrate diversity and inclusion. Even though women make up only one-third of the population, they own almost half of all businesses in the world today (World Bank). This means that we have an opportunity to learn from each other and create a better future together.
4. There will be 1 billion more mobile users by 2022 (Gartner)
Mobile devices are ubiquitous; almost everyone has access to a mobile device these days. However, this is not always good news for businesses. According to Gartner, there will be 1 billion more mobile users by 2022, representing about 80% of all internet users globally. This means that there will be more people accessing online services through their mobile devices than desktop computers in 2022.
5. Salesforce Reports that 72% of small business owners are optimistic about the future (Salesforce)
According to Salesforce, small businesses are more optimistic about their futures than larger companies due to several factors. One of them is that small-business owners have more control over their companies. They can make decisions without having to consult with others or seeking approval from higher-ups. This gives them a sense of empowerment which makes them feel better about the future of their business.
6. The average amount borrowed to start a business is $10,000 (SBA)
In terms of Financial Services, the Small Business Administration (SBA) reports that the average amount borrowed to start a business is $10,000. This statistic is not surprising given that it takes nine months to get a loan from a bank and six months to get one from an SBA lender.
7. Entrepreneurship is one of the few things that can increase income for adults with low levels of education
Entrepreneurship is one of the few things that can increase income for adults with low levels of education. According to the Kauffman Foundation, adults with a high school degree or less who start their own businesses earn 2.5 times as much as their peers who do not start their own businesses.
8. Amazon reports that 28% of small businesses use its services daily (Amazon)
Amazon has just released a study which shows how much small businesses are using its services every day and how much money they make through those transactions. The results show that 28% of small businesses use Amazon daily for their operations, which is up from 24% last year at this time.
9. The average cost for an employee in 2022 is $45 per hour
The cost of hiring employees has increased over time and this trend will continue into 2022. According to Glassdoor, the average salary for an employee in the US is currently $45 per hour. This means that employees will likely be looking for higher salaries in order to attract new talent.
Also Read: 6 Common Pitfalls to Avoid in Online Trading
10. In 2022, there will be more single-person businesses than ever before
Hiring employees is expensive and can cause problems down the road if they are not performing well or even just not getting along with others on your team. A good way to solve this problem is by creating your own business where you can hire only one person and therefore save money on payroll taxes and benefits costs as well as other expenses associated with hiring full-time staff members.
11. Amazon is still number one in e-commerce
Reports indicate that Amazon is the most preferred platform for Drop Servicing Business. Amazon has been around for quite some time now, but they’re still number one when it comes to e-commerce sales overall. It’s easy to see why this would be true. Their site is simple enough that anyone can use it, but there are plenty of useful features built right into their system that make life easier for shoppers as well as sellers.