Small Businesses- Big Economic Impact

A small business is defined as having 500 employees, or less.  According to the US Small Business Administration (SBA), these businesses are not so small in number, they represent 99.7 percent of all employer firms. “In the USA, for example, the Small Business Administration identified more than 28.2 million businesses operating in the country as of March 2014, with about 63 % of new jobs being created from small business between 1993 and mid-2013. Of these 28.2 million enterprises, most have “self-employed” status, making up roughly three-quarters of the US’s total business pool.” Elizabeth Gasiorowski Denis, Editor- in- Chief of ISOfocus. Small businesses contribute BIG to economic growth in their local communities. “While small businesses may not generate as much money as large corporations, they are a critical component of and major contributor to the strength of local economies. Small businesses present new employment opportunities and serve as the building blocks of the United States’ largest corporations.” J. Mariah Brown, Demand Media.

Larger businesses can also benefit from little guys in their local community, many large companies depend on small companies for help and completions of different business functions. Together, Large and Small businesses can thrive and not only help the local community, but also the US economy as a whole.

From a consumer or client point of view, especially in my field of executive recruiting, working with small businesses, like mine, does have many up-sides. In comparison to a big conglomerate type company, a small businesses has the agility, personalized service, and ability to truly partner with their clients. Small companies not only want and value your business, but also develop a meaningful and mutual beneficial relationship with you as consumer or client.

Please visit http://www.thedahillgroup.com to learn more about our specialized and personalized executive recruiting services.

Sources:

http://smallbusiness.chron.com/important-small-businesses-local-economies-5251.html

http://www.iso.org/iso/home/news_index/news_archive/news.htm?refid=Ref1937&utm_source=ISO&utm_medium=RSS&utm_campaign=News

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s