This year’s presidential campaign featured a lot of talk about “small businesses being the engine of the economy.” In fact, according to the Small Business Administration, firms with less than 500 employees represent 99.7 percent of all employer firms and employ half of all private sector employees. And small businesses also generated 65 percent of net new jobs over the past 17 years. That’s a lot of rev in that engine!
During Small Business Week, we take time to recognize and celebrate entrepreneurs who took risks to realize their dreams while they employ so many hard working men and women across the country. Personally, as a small business, we are grateful for all of the wonderful client and media partners who consistently collaborate with us, helping to fulfill our mission for the past fifteen years. And this past Saturday, November 24 in particular, Small Business Saturday encouraged Americans to put money back into their local economies by supporting small retail shops in their local communities.
According to a recent Inc. article, the past three years of recession have hit small businesses particularly hard. At a small business awards ceremony in May, “One of the jokes that was made in the back area amongst a lot of the winners wasn’t so much congratulations on the award, but congratulations on surviving the last three years.”
While there are many sacrifices that small business owners make on a regular basis to ensure their companies are successful, one thing is clear: it’s a labor of love. So during this week, take a look around and thank a small business owner that has made a difference in your everyday life. You probably won’t have to look too far. #SmallBusiness