Yesterday was National Small Business Day — and we’re here to celebrate.
National Small Business Day is a day to celebrate the contributions of small businesses to the American economy and to recognize the hard work and dedication of small business owners. It is also a day to encourage people to support small businesses by shopping at their local stores and restaurants.
Small businesses are the backbone of the American economy. They create jobs, drive innovation, and boost economic growth. In fact, small businesses account for 99.7% of all U.S. businesses and employ 47.1% of private sector workers.
Small businesses also play an important role in their communities. They provide jobs, support local charities, and sponsor community events. They are also a source of pride for their communities.
National Small Business Day is a great opportunity to show your support for small businesses. Here are a few ways you can celebrate:
- Shop at your local small businesses.
- Eat at your local restaurants.
- Get your hair done at a local salon.
- Get your car repaired at a local mechanic.
- Get your nails done at a local nail salon.
- Support your local farmers market.
- Attend a local business event.
- Share your love of small businesses on social media.
By supporting small businesses, you are helping to create jobs, boost economic growth and strengthen your community.
These are just a few of the reasons why small businesses are so important to our economy and our communities. When we support small businesses, we are investing in our future.
Small Businesses Create Jobs
Small businesses create two out of every three new jobs in the United States. In fact, small businesses account for 99.7% of all employer firms in the United States.
Small businesses are the backbone of the American economy. They account for nearly half of all private-sector employment. Small businesses are also more likely to hire veterans, minorities and women than large businesses.
Small Businesses Drive Economic Growth
Small businesses are the engine of economic growth in the United States. They generate more than half of all new jobs and account for more than half of all private sector sales.
Small businesses are also more likely to invest in new equipment and technologies, which helps to drive innovation and economic growth.
Small Businesses Contribute to Innovation
Small businesses are more likely to innovate than large businesses. They are also more likely to adopt new technologies and business practices.
Small businesses are also more likely to create new products and services. Small businesses are also more likely to be located in urban areas, which helps to drive economic growth and development.
Small Businesses Provide a Sense of Community
Small businesses are an important part of our communities. They provide a place for people to gather, socialize and support each other.
Small businesses also help to create a sense of community identity and pride.
In fact, a study by the Harvard Business Review found that small businesses are more likely to provide personalized service to their customers. This is because small businesses have more flexibility to adapt to the needs of their customers.
The researchers also found that small businesses are more likely to be responsive to customer feedback. This is because small businesses have a closer relationship with their customers than large companies. Small businesses are also more likely to be located in the communities where they serve, which makes it easier for them to understand the needs of their customers.
Small Businesses are More Customer-Focused
Small businesses are more likely to focus on the needs of their customers than large businesses. They are also more likely to be responsive to customer feedback.
This is because small businesses have a closer relationship with their customers than large businesses. Small businesses are also more likely to be located in the communities where they serve, which makes it easier for them to understand the needs of their customers.
If you own a small business or know someone who does, here are some of our favorite small business resources for your perusing pleasure.
How Much Does A Bookkeeper Cost For A Small Business?
Why Virtual Bookkeepers Are Great for Small Businesses
The Most Important Financial Ratios for Small Business Owners
Big List of Small Business Tax Deductions
What Does Excellent Outsourcing Look Like to a Small Business?
How Staffing Agencies Can Help Small Businesses Find Qualified Candidates