We’ve heard variations of this statement for years. And it is TRUE! The economic impact of small businesses is profound: $11 trillion a year, according to the most recent figures available from the U.S. Small Business Administration. The SBA reports that 99.7 percent of ALL employer firms are small businesses! So the chances are good that you, your family and your friends work for small enterprises. There are almost 30 million small businesses in America and they employ nearly 57 million people. The vast majority of these firms employ five or fewer workers. In fact, the most recent SBA study reports that 78.5 percent of small businesses don’t have any employees at all – they are sole proprietors.Secondly, self-employment is often the only way for men and women to provide for their families. But starting and sustaining a small business is hard work – and there are often enormous obstacles that keep people from succeeding. Helping them get over the hurdles helps everybody along the way: from your own family to your neighbor’s to your town, your state your country. In other words, helping small businesses to thrive is like a “chain reaction” that makes America’s economic engine run smoothly and effectively.
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