They're the people who build websites, run restaurants, and offer classes online. But their impact has gone largely unnoticed. Our mission is to change that.
Small and microbusinesses boomed in 2024, expanding their reach and impact. Agile entrepreneurs harnessed cutting-edge tech to seize opportunities, fueling growth and innovation. These nimble ventures now fuel local economies.
According to GoDaddy's 2024 Annual Venture Forward report, 75% of microbusiness owners who close a business don't give up, even if their efforts didn't yield a profit. Instead, they persist, launching new ventures. Of these, 39% become the main income for their households.
Job creation due to digital infrastructure investment skyrocketed since the start of the pandemic. Recent data from GoDaddy and UCLA Anderson Forecast shows that digital infrastructure improvement created 280,000+ jobs nationwide - equivalent to the population of Reno.
With the number of small businesses on the rise, entrepreneurs represent an important voting block as November 5 approaches. According to the U.S. Department of the Treasury, the U.S. registered more than 430,000 small business applications monthly in 2024; 50% more than in 2019.
Venture Forward is a GoDaddy research initiative started in 2018 to quantify the growth and impact of online microbusinesses on their local economies, and to provide a unique view into the attitudes, demographics and needs of these entrepreneurs.
Welcome to the third quarterly issue of the GoDaddy Venture Forward newsletter! Here we share our latest exclusive data, insights and news about small and microbusinesses.
Despite record new business formation, which is outpacing population growth by 10% according to GoDaddy Venture Forward, access to capital remains a top challenge for microbusinesses. Capital is key to the growth of ventures and consequentially, our greater economy.
Pittsburgh stands out as one of the fastest-growing areas for America’s smallest businesses, called microbusinesses. Microbusinesses are defined as those with a unique web domain, an active website, and most often fewer than 10 employees.
More U.S. microbusinesses are using generative artificial intelligence (GenAI) to grow and compete, with 50% of owners and operators recently surveyed indicating they have tried Gen AI tools in the past few months.
Entrepreneurship is booming, and online microbusinesses – those with 10 or fewer employees, a domain and an active website – create jobs and lower unemployment rates across the U.S., according to new research from GoDaddy and UCLA Anderson Forecast.
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