According to data from the 2014 U.S. Annual Survey of Entrepreneurs, the median U.S. employer small business (those with paid traditional employees) generates less than $400k in revenue.
As the chart below shows, in 2014 the median small business had receipts of about $390,000 and about 4 in 10 (39%) had less than $250,000. Only about one quarter (26%) of small businesses generated more than $1 million in revenue.
Since you asked, We'll probably post an updated chart with 2016 data (the latest available) in the near future. But we just looked at the data and the changes are very minor.
Posted by: Steve King | June 10, 2019 at 04:16 PM
Is there an updated version of this chart beyond 2014?
Posted by: Kumar | June 10, 2019 at 03:11 PM