Although we are heading toward a cashless society, cash seems to still prevail in some sectors in the US and around the world. As business owners, a major part of decision-making involves providing customers with the utmost convenience at checkout. These cash vs credit card spending statistics can guide merchants in balancing their payment acceptance…
Statistics
13 Tax Facts & Statistics
Income tax in the US is complicated and—of course—very unpopular. Rich or poor, most people feel they pay too much and others aren’t paying their fair share. I’ve compiled some tax facts and statistics to shed some light on how the tax system spreads the tax burden among individuals of varying income levels as well…
22 Sales Enablement Statistics You Need to Know
Most sales teams overlook the importance of sales enablement in improving sales training and development, as well as rep performance. See how to inform yours with these sales enablement statistics.
Sales enablement tools, like explainer videos, microsites, e-books, and other online learning materials, empower salespeople with the right knowledge and skills to engage and sell more effectively. Training reduces sales friction like misaligned goals and lack of skills, leading reps to convert leads and close more deals. Guided by these 22 sales enablement statistics, train…
24 Fashion Industry Statistics to Know
A fashion business can be an exciting prospect—industry revenues worldwide and in the US are enormous, with expectations for continued growth. In fact, the US is one of the biggest global players in fashion, rivaled only by China. If you’re considering starting a business, you could hardly choose a more lucrative field. However, the fashion…
22 Payroll Statistics You Need to Know in 2024
For small businesses with employees, payroll is a significant part of operations—both financially and administratively. Payroll tasks overlap with complex employment laws and confusing tax rules and can affect various business areas. Understanding overall payroll statistics can help you estimate when certain workforce changes might affect your business. This can help you prepare and find…
Best SBA Funded & Highest SBA Default Rate Franchises
The best SBA funded franchises are those that have a low default rate and a high chance of approval from the Small Business Administration (SBA). We’ve compiled data representing the top SBA funded franchises in one table and the franchises with the highest default rate from FY2020 to FY2023 in another. Top 20 SBA Funded…
25 Employee Retention Statistics for 2024
Employee retention is a metric that measures a company’s capability of keeping high-performing employees and preventing turnover—and it is an important aspect of any successful business. Apart from increasing engagement, productivity, and job satisfaction, strong employee retention can save your business money by negating the need for turnover-related expenses. With the below employee retention statistics,…
22 Remote Work Statistics and Trends in 2024
Remote work statistics show dramatic changes in where and when employees are now working. Despite many experts and employers anticipating—or hoping—these trends would change post-pandemic, they haven’t. Remote work is sticking around, and workers have made it clear they don’t want to be in an office all day, every day. Using data as a guide,…