Business

Small business growth in the world

Small business growth in the world

Small business growth in the worldIn the recent quarters, the economy of U.S growth became slow and it seems that nobody is considering much business. A famous company for financial information named as Sageworks found many industries, where the growth of small businesses is increasing. This trend is being watched over the last twelve months and the rate of their growth is double digit. The companies, whose sales are below five million dollars fall in the category of small businesses. Sageworks is making list of industries which are growing fastly and some industries have entered their name in that list. Companies which make design of computer system and many other consulting services are considered for other efforts of firms. They help improve strategies and transformation of technology for giving boost to sales or to increase efficiency.

The analyst of Sageworks named as Libby bierman said about growth of small business in the world that now it is not anymore surprising that by their various kinds of efforts their sales and efficiency have increased. She said about services business that “And since they are in the service business, these types of small companies do not have to invest in a lot of equipment or hire lots of employees before they can start bringing in revenue.”. If you are looking about other small business growth in the world, you may see food stores like shops of olive oil and organic food have grown by 11%.

We ignore many small industries, but they are continuously growing and increasing their sales with the passage of time. You may give less importance towards grains and oilseeds, although they emerged late, but they are becoming rock stars of many small businesses. In one year, 20% growth in sales occurs in industry of these grains and oilseeds like soybeans, corns.

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@iMZahidIqbal @eZahidIqbal

Member of National Youth Assembly of Pakistan. Writing about developing World technologies and entrepreneurship. Associate at Microsoft BizSpark & International Development Innovation Network. Follow me on Twitter and Facebook.

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