Small Business Growth in Germany

As I’ve mentioned before, I am an avid reader of the Wall Street Journal. I read an excellent article yesterday in the WSJ that talked about how Germany’s small businesses are the drivers beyond its surging economy. Sound familiar? According to the article, Engines of Growth, “small and middle-sized businesses represent 99.7% of of all German companies.” These companies have been driving the economy “for more than a century”. Here are some statistics from the article:

  • 3.5 million small and middle-sized companies with <500 employees and <€50 million in annual revenues
  • Employs 78.5% of the German workforce
  • Contributes 53% of the German GDP
  • Most are family owned

Das ist wunderbar! Kudos to the world’s small and medium businesses!

 

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About Tiffany C. Wright - The Resourceful CEO

Tiffany C. Wright is the author of “The Funding Is Out There! Access the Cash You Need to Impact Your Business” and “Solving the Capital Equation: Financing Solutions for Small Businesses.” She is the founder of The Resourceful CEO, which helps owners of small/medium-sized businesses prepare their businesses for sale. Tiffany has an MBA from the Wharton School of Business, sits on non-profit boards and serves as a business mentor with the Cherie Blair Foundation.
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