99.7% of U.S. Businesses Have less Than 500 Workers

The video discusses the significant role of small businesses in the US economy, highlighting that 99.7% of firms with fewer than 500 workers account for the same percentage of US businesses. It emphasizes the transformative impact of technology on these businesses, particularly in areas like invoicing and human resources. The discussion includes insights from Greg Waldorf and explores how technological advancements are making business operations more efficient globally. The video also underscores the importance of these technologies in addressing everyday business challenges, such as payroll and resource management.

What percentage of US businesses have fewer than 500 workers?

• 100%

• 50%

• 99.7%

• 75%

Who is mentioned in the context of improving invoicing through technology?

• Emily

• Sarah Connor

• Greg Waldorf

• John Doe

What is the global impact of technology on businesses described as?

• Limited to large corporations

• Insignificant

• Minimal and localized

• Massive and far-reaching

What mundane task is highlighted as being streamlined by technology?

• Customer service

• Product development

• Human resources

• Marketing

Why are technologies that seem boring actually important for businesses?

• They are expensive

• They are easy to implement

• They are trendy

• They ensure smooth operations