Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Running Your Business

Guardian Report Flags Changing Priorities Among Growing Small Businesses

By staff Writer

X
Your article was successfully shared with the contacts you provided.

Owners of bigger small businesses seem to be more interested in expanding and in increasing productivity than owners of micro businesses are.

A research unit at Guardian Life Insurance Company of New York, New York, has published that finding in a report based on a survey of business owners with 2 to 99 employees.

Businesses with 2 to 9 employees tend to revolve around the owner, and they typically generate 100% to 400% more revenue per employee than businesses with 50 to 99 employees, according to the Guardian research unit.

About 53% of owners of companies with 50 to 99 employees say they want to expand their businesses, but 58% of owners of companies with fewer than 10 employees say they are just trying to maintain business as usual.

In addition, the Guardian research unit found that the owners of the larger small businesses are more interested in finding, motivating and retaining good employees, and that they are more interested in getting the most out of accountants, lawyers, financial advisors, insurance agents and other professional services advisors.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.