Software publishers and home-health care services were among the nation’s top-performing small-business sectors in 2008, with annual sales growth of 17.39 percent and 13 percent, respectively, according to Sageworks, a North Carolina company that develops financial analysis tools and provides financial information for private companies.
The list is based on annual revenue growth percentages for small businesses with revenues of less than $15 million per year.
Other industries that performed well last year based on annual sales growth were remediation and waste-management services (up 12.3 percent); direct-selling companies (12 percent); accounting, tax preparation, payroll and bookkeeping services (11.5 percent); investigation and security services (11 percent); computer systems design (10.7 percent); management of companies and enterprises (10.7 percent); medical equipment and supplies manufacturing (10 percent); and electrical equipment and component manufacturing (9.24 percent).
Businesses tied to auto, real estate and construction were among the worst-performing groups in 2008 based on annual sales growth.
According to Sageworks, real estate agents and brokers (–5.52 percent); credit-intermediation services (–5.47); lumber and construction materials merchant wholesalers (–5.45 percent); cement and concrete product manufacturing (–4.7 percent); motor vehicle parts, supplies and merchant wholesalers (–3.67 percent); nondepository credit intermediation (–2.11 percent); wood product manufacturing (–1.93 percent); furniture stores (–1.48 percent); chemical and allied products merchant wholesalers (–1 percent); and dry cleaning and laundry services (–0.84 percent).
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