WHY DOES AMI CARE ABOUT SMALL TO MEDIUM SIZE ENTERPRISES?
Small businesses are critical to the US economy. There are about 20.3 million small businesses in the U.S. They contribute 47% of all sales, employ 53% of the private non-farm workforce and they are responsible for 51% of gross domestic product (GDP). In any given year, nearly 1 million people open a small business in the U.S. and at least 40% fail within the first year. The failure rate over time is more staggering. “Of the 1 million U.S. small businesses started this year, more than 800,000 (80%) of them will be out of business within 5 years and 96% will have closed their doors before their 10th birthday” says Michael Gerber, author of The E-Myth. As the statistics above show, there is a tremendous need for professional business expertise by the small to medium-sized business owners and thus, an outstanding business opportunity to deliver it.
