By diving into the US census data and combining that analysis with the latest Inc 5000 fastest growing US businesses, an interesting picture emerges. This can be done for any State. Don’t you love metrics? How does your business compare?
- There are 597,484 businesses in MA.
- 76.3% of firms are one man bands (or women).
- 90.0% of firms employ 4 or less people.
- 98.9% of firms employ 99 or less people.
- Only 0.5% of firms, 2997 employ more 500 or more.
- The 597,484 firms trade within 18 industries.
- 4 industries account for 52%, or 310,899 businesses:
- Professional, scientific services
- Other services
- Healthcare and social assistance
I’ve inserted below the tables I complied for your joy and edification.
I would challenge any CEO to be aware of where their business fits into the national Eco-system, the local Eco-system and the fastest growing lists in their region. Give me a call if I can help.
The Other Services (except Public Administration) sector comprises establishments engaged in providing services not specifically provided for elsewhere in the classification system. Establishments in this sector are primarily engaged in activities, such as equipment and machinery repairing, promoting or administering religious activities, grantmaking, advocacy, and providing drycleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, temporary parking services, and dating services.
Private households that engage in employing workers on or about the premises in activities primarily concerned with the operation of the household are included in this sector.
Excluded from this sector are establishments primarily engaged in retailing new equipment and also performing repairs and general maintenance on equipment.