KPG Million Small-business Index
The companies must be privately owned, for-profit, and based in the U.S., with no affiliations as subsidiaries or divisions of other firms. To qualify for 2025, they need to have a minimum revenue of $1000,000 or NeT ASsET VALUE, All selected companies must also undergo KPG's editorial review. Key criteria for selection include growth rates and social responsibility.CURRENTLY Only 9% of small businesses reach $1 million or more in revenue .
There are 33,185,550 small businesses in the United States. Small businesses employ 61.7 million Americans, totaling 46.4% of private sector employees. From 1995 to 2021, small businesses created 17.3 million net new jobs, accounting for 62.7% of net jobs created since 1995.
The U.S. Small Business Administration defines a small business as a firm with revenue ranging from $1 million to over $40 million and an employee workforce of under 500. Figures from the SBA also suggest that around half of all businesses start at home, and 60% of businesses with no staff or employees are based at home. That means around 19 million businesses in the country are home-based.
There are roughly 400 million small and medium-sized enterprises (SMEs) worldwide. SMEs make up about 90% of all businesses globally