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…
Statistics
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,…
20 Fascinating Millennials in the Workplace Statistics (2024)
Millennials (born between 1981 and 1996) are sometimes criticized as a lazy generation, but it may be that they simply recognize outdated working methods. As the largest share of the workforce today, it’s important for business leaders to pay close attention to what millennials want and need to be successful. Below, we outline some statistics…
21 Onboarding Statistics Small Businesses Need to Know in 2024
Your onboarding practices go a long way in making your employees prepared for their jobs and in making them feel like a part of the team. Understanding onboarding statistics can help you know where to better place your time and effort. It can also help you convince higher-ups of the need for a longer-term or…
Key Beauty Industry Statistics to Know in 2024
The beauty industry is broken down into the skincare, hair care, and makeup sectors. While not all of these sectors perform equally well, all of them have shown consistently good performance year over year, both in the US and globally. Our breakdown of beauty industry statistics and trends will show you which areas have the…