Small businesses are the lifeblood of the American economy. Despite the fact that big internet giants and massive multinationals get most of the attention, the fact remains that 99.9% of all companies in the U.S. are small businesses. In addition, recent statistics show that small businesses play a significant role in the creation of

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the majority of jobs in the U.S., along with aiding in economic development, creativity and prosperity on a global scale. There's no doubt that business statistics may provide small businesses with a wealth of information into the planning of future goals. The most important data for small businesses from 2022 offers more than just insights into what functions well and what doesn't. As the country begins to recover from the economic difficulties brought on by the Covid-19 pandemic, statistics can be used to help businesses prepare for the future more effectively by providing intelligence into the general business climate that all firms operate within. For people intending to launch and manage a business, they provided crucial information about the future path. The fact that every company may interpret and use the data in a different way is unavoidable, but this is precisely what might provide one tiny firm an advantage over its competitors. For more on how small businesses can effectively use statistics to their advantage, check out the slide show above. Judy Mullis is a freelance writer based in Newnan, Georgia, and covers a wide variety of business-related topics. Join our LinkedIn group, ALM's Small Business Adviser, a space where small business owners can gather to network, have discussions and keep up with the trends and issues affecting their industries, or visit our Small Business Adviser group on Facebook. Related: |

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