Small businesses are vital to the success of the economy. Not only as they provide the success stories of the future, but also because they meet local needs (e.g. hairdresser, financial consultant, and emergency plumber). They serve the requirements of larger businesses e.g. for photography services, printed stationery, catering and routine maintenance. Being entrepreneurial simply means developing the right skills, attitudes and initiatives to make an innovative contribution to an organization. These small businesses are the bread and butter of our society. This creates small enterprise to be run by local people to serve local people.
Small business is BIG!
The 23 million small businesses in America account for 54% of all U.S. sales.
Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s.
The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people.
The small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.
The number of small businesses in the United States has increased 49% since 1982.
Since 1990, as big business eliminated 4 million jobs, small businesses added 8 million new jobs.
(SBA)
These are staggering statistics, and It makes me really look at how important it is to create small business in our country. It is in the country as a whole to really encourage small business and entrepreneurs alike to start a small business.
What does it take to succeed as a small business owner, several article suggest what I would label as power words. The number one factor I could see during my research was 1. Do what you enjoy.
What you get out of your business in the form of personal satisfaction, financial gain, stability and enjoyment will be the sum of what you put into your business. So if you don't enjoy what you're doing, in all likelihood it's safe to assume that will be reflected in the...