Report Forecasts Acceleration in Growth of U.S. Small Business Over Next Decade

The Intuit QuickBooks Future of Small Business Report forecasts an acceleration in the growth of U.S. small business over the next decade, from 30 million in 2016 to over 42 million in 2026.

This forecast represents an average annual growth rate of 3.3 percent, a significant increase on the 2 percent average growth for small business seen between 2004 and 2014.

The report, developed by Intuit Inc. in partnership with Emergent Research, also outlines five trends that will give small business a competitive edge over the next decade:

  • World-class business infrastructure.
  • Insightful data.
  • A growing pool of on-demand talent.
  • Online marketplaces.
  • Cost-effective online advertising.

The Intuit QuickBooks Future of Small Business Report is available online at http://www.slideshare.net/IntuitInc/intuit-quickbooks-future-of-small-business-report/1.

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