Small Business Is Kinda A Big Deal
This week we are seeing a lot of media and social media attention paid to U.S. small business. That’s because it’s National Small Business Week, which is not at all like National Popcorn Day (January 19) or National Indoor Plant Week (third week of September). National Small Business Week actually began in 1963, and every year since then the Small Business Administration highlights the accomplishments and importance of small businesses. As the SBA puts it, “[e]very day, they’re working to grow small businesses, create 21st century jobs, drive innovation, and increase America’s global competitiveness.”
In Texas, the number of companies with at least one employee but fewer than 20 employees is around 350,000. The total number with under 500 employees is 2.4 million. That’s a lot of construction companies, real estate agencies, caterers, healthcare practices and gift shops. Here’s the good news: more small businesses are opening in Texas than “exiting.” Does that surprise you given all of the recent negative reports about retail and positive stats on the growth of online ordering? Despite reports to the contrary, brick and mortar remains strong.
But here’s the biggest challenge to being small: it’s tougher than ever to thrive.
So this week (and every week if you can manage it) think about how to do business with a small business. In my neighborhood that means stopping by a smaller grocery store for milk and eggs or buying a birthday gift at an independent store around the corner or having my car serviced at the garage down the street.
Here’s more good news: you will be amazed at how good you will feel for supporting your local small business. They are kinda a big deal.