Getting a Website up is a daunting task to many. Perhaps that is why 50% of all small businesses in the United States do not have a Website. That is a significant number when considering the Office of Advocacy of the U. S. Census Bureau in 2004 estimated there were approximately 24.7 million businesses in the U.S., slightly below the Internal Revenue Service (IRS) estimates.
The Census data reveals there were 5.7 million firms with employees and 17.6 million without employees in 2002. Applying growth rate projections produced the 2004 figure of 24.7 million. The most recent Census data also shows there are 17,000 large businesses.
Since the U.S. SBA (Small Business Administration) defines a small business as employing less than 500 employees for most manufacturing and mining businesses). Thus small firms with fewer than 500 employees represent 99.9 percent of those 24.7 million businesses in the U.S. When we factor out non- employer businesses, the result still represents 74.9% of all businesses in the United States. For firms with less than 9 employees, that is 53% of all businesses, it still is a significant number – over 3 million.
The Robert H. Smith School of Business at The University of Maryland and Network Solutions combined in a recent study. It reported that there are 15 million home based business in the United States. Of those roughly 6.6 million fit a description of homepreneur, about 43% of the total. Some 34% of those provide more than half of the owner’s household income. The vast majority, 75% work full-time in their home business. And many generate substantial revenue – about 35% have revenues greater than $125,000 and 8% over $500,000
In a video presentation, Chairman Roy Dunbar of Network Solutions wonders what holds back the 50% of small business not on the Web. His company, along with the University of Maryland, is conducting a research study trying to uncover what constraints, such as fears and time factors, contribute to this.
He claims other studies have shown being on the Web is one of the most powerful ways for small business to grow as well as to increase both their efficiencies and effectiveness. The Web is the most powerful tool available today to attract new customers and to grow.
So what is your excuse?