MotionMedia - Sample Digital Agency Business Plan

35 © BPlanExperts.com To net it all out, the vast majority of small businesses -- 25.7 million -- have either one person in the business (the owner) up to 19 employees. Roughly 600,000 have between 20 employees up to 499 employees. Small & Medium firms: • Represent 99.7 percent of all employer firms. • Employ just over half of all private sector employees. • Pay 44 percent of total U.S. private payroll. • Have generated 64 percent of net new jobs over the past 15 years. • Create more than half of the nonfarm private gross domestic product (GDP). • Hire 40 percent of high tech workers (such as scientists, engineers, and computer programmers). • Are 52 percent home-based and 2 percent franchises. • Made up 97.3 percent of all identified exporters and produced 30.2 percent of the known export value in FY 2007. • Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.