Starting a business? Let data guide your industry choice. Our analysis of the U.S. Census Bureau’s Annual Business Survey reveals compelling insights about where new businesses thrive financially.
🚀 Revenue Leaders: Top Industries for New Firms
Young businesses (under 2 years) in our top-performing industries average $55 in annual receipts. The standout sectors:
## 💼 Employment and Payroll Insights
New firms in these industries average **4.8** employees and **$336** in annual payroll per firm. This data suggests optimal staffing levels for startups:
## 📈 Revenue Growth Trajectory
See how revenues typically evolve as businesses mature:
## Key Takeaways
1. **Industry Selection**: The data shows Agriculture and Mining leading in early-stage revenue.
2. **Growth Pattern**: Most industries see significant revenue increases between years 2-5.
3. **Resource Planning**: Successful young firms maintain an efficient ratio of revenue to employees.
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*Source: U.S. Census Bureau Annual Business Survey (ABS) 2019*
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