bigTIME Business Facts

  • There are 25,800,000 small businesses in the U.S. … Only 1/3 will survive the first 6 years of business.
  • 46% of small businesses are funded by personal credit cards.
  • 1 out of 5,000 inventions have had successful product launches. -Williams-Harold, Bevolyn
  • A patent takes 3-4 years to be issued if you have an experienced patent attorney.
  • Mindy Grossman’s launch of Polo Jeans turned it into a $450 million dollar company.
  • In the competitive handbag manufacturing business, each factory may have 20-30 customers who are fighting for a spot in the production run.
  • Branding is one of the best ways to sell your product and is a trigger to make your product memorable to the public.
  • By December 2007, SOLAS had grossed over $1 million dollars in sales.
  • Over 160,000 retail stores closed at the height of the recession in 2008 and nearly 200,000 closed in 2009.
  • Wham-O sold tens of millions of hula-hoops in the 1950′s & 1960′s but only profited $10,000.
  • Ferrara Candy Company is one of the last few remaining candy companies in Chicago.
  • Jon Albert’s foundation has helped hundreds of families coping with late stage cancer.
  • People who achieve success don’t let society tell them it can’t be done.