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小企业很少能达到年收入100万美元的规模, 尤其是黑人, 拉美裔, 和/或女性所有者.
While policymakers often focus on how to scale smaller businesses into larger ones, there is surprisingly little empirical evidence on the process by which these firms scale and grow revenues. Using $1 million annual revenues as a milestone of small business growth, 我们的问题是,达到这一里程碑的年轻公司有多普遍, how the incidence of this phenomenon varies across industries and owners of different races and genders, 以及它与公司初始规模的关系. Our findings have implications for understanding small business growth and equitable access to growth opportunities and resources, and suggest opportunities for policymakers in both the public and private sector to address the differential opportunities and barriers to growth these entrepreneurs may face.
选择的结果
- A small share of small businesses reach $1 million in revenues in the first five years, with the likelihood of reaching that milestone showing a direct relationship to revenues in a firm’s first year.
- 黑色- - - - - -, 西班牙- - -, and/or female-owned firms were least likely to earn $1 million in revenue within five years of starting business. Industry of operation and lower levels of revenue in the initial year help to explain those differences, 尽管有些人坚持.
We tracked firm revenues for the first five years of business (or fewer, if they ended their banking relationship prior to completing five years of business.) and recorded initial annual revenues and whether they attained $1 million in revenue in that time span.
This figure has two panels stacked vertically, each of which is a vertical grouped bar chart. 题目是“100万美元公司的初始收入发生率”.” In the top panel, subtitled “Owner race,” firms are grouped by initial year revenue and owner race. 最初一年的收入分为五类:低于100美元,000; $100,000-$249,999; $250,000-$499,999; $500,000-$749,999; and $750,000-$999,999. Bars represent the share of firms in the given initial revenue bucket and owner race that attain $1 million in revenues. 跨越所有种族, firms with lower initial revenues are less likely to attain $1 million in revenues, 但在最初的收入桶中, 黑色- - - - - -owned firms are consistently less likely to attain $1 million in revenue than 亚洲-, 西班牙- - -, 和白人所有的公司. Among firms with initial revenues less than $100,000, 2 percent of 亚洲-owned firms, 0.3%的黑人拥有的公司.7%的西班牙人拥有的公司.3%的白人拥有的公司收入达到100万美元. 初始收入在750美元之间的公司,000元及999元,999, 51%的亚洲企业, 42%的黑人拥有公司, 55%的西班牙人拥有的公司, 53%的白人拥有的公司收入达到100万美元.
在底部面板中, 副标题为“所有者性别”,公司按首年收入和所有者性别分组. 最初一年的收入分为五类:低于100美元,000; $100,000-$249,999; $250,000-$499,999; $500,000-$749,999; and $750,000-$999,999. Bars represent the share of firms in the given initial revenue bucket and owner gender that attain $1 million in revenues. 不论男女, firms with lower initial revenues are less likely to attain $1 million in revenues, 但在最初的收入桶中, female-owned firms had consistently lower shares of reaching $1 million. 在初始收入低于10万美元的公司中,有100家.6%的女性拥有的公司和1%的女性拥有的公司.4%的男性拥有的公司收入达到100万美元. 在初始收入在10万美元到249999美元之间的公司中,2.女性拥有的公司占8%,女性拥有的公司占4%.4%的男性拥有的公司收入达到100万美元. 初始收入在250美元之间的公司,000元及499元,999, 10 percent of female-owned firms and 13 percent of male-owned firms reach $1 million in revenue. 初始收入在500美元之间的公司,000美元和749美元,999, 28 percent of female-owned firms and 31 percent of male-owned firms reach $1 million in revenue. 初始收入在750美元之间的公司,000元及999元,999, 52 percent of both female-owned and male-owned firms reach $1 million in revenue. 海图注释上写着, “Firms with unknown race or gender or no classifiable majority ownership by race or gender are not shown in their respective charts. 资料来源:澳博官方网站app研究所.”
We thank our research teammate, Laura Wilcox, for her hard work and contribution to this research. 我们还要感谢伊丽莎白·埃利斯, 阿方索Zenteno, 安娜贝利Jouard, 斯蒂芬·哈林顿, 感谢凯特·芬纳蒂的支持. 我们感谢我们的内部合作伙伴和同事, 谁以各种方式支持我们的议程, 并感谢他们对每个和所有版本的贡献. 我们要感谢澳博官方网站app的首席执行官杰米·戴蒙 & Co., for his vision and leadership in establishing the 研究所 and enabling the ongoing research agenda. 我们对蒂姆·贝里仍然深表感激, 企业责任主管, 希瑟Higginbottom, 研究主管, 政策 & 的见解, and others across the firm for the resources and support to pioneer a new approach to contribute to global economic analysis and insight.
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小麦,克里斯.陈,斯泰西. Tremper,尼古拉斯. 2024. “Scaling to $1 Million: 小公司老板的种族和性别如何.澳博官方网站app研究所 http://catalog.865243.com/institute/research/small-business/1-million-annual-revenues-as-a-small-business-milestone