The Importance of Small Businesses in the United States:
Small businesses are a huge benefit to the United States, and as a small business owner, that means so are you! Small businesses make a big impact on those around them, and it’s important that entrepreneurs realize that. Here are some ways that you are making a huge impact, simply by running your business:
Growth in the Economy
Small businesses make a big impact on their local economies by bringing growth and jobs into the area. They also bring with them innovation and new ideas or ways of doing things. Business owners are always working to find a faster, cheaper or more efficient way of doing things. This reflects greatly on the economy, as everyone sees the benefits of the hard work.
Adapting to the Climate
Small businesses usually do a great job adapting to the changing economic climate around them. Because they are directly affected by the economy since they are completely customer-based, small businesses are usually the first to know when there is a decrease in the economy. Because of this, small business owners have to use their innovation and creativity to help their business succeed through these trying times, and in turn they help the community succeed and learn to adapt.
Paying Local Taxes
When a small business is thriving, they are likely bringing in fair amounts of money from their customers. This means they are also paying taxes in their community to help fund things like schools, police departments and fire departments. Local small businesses do a lot in the way of helping out the community without even realizing it!
Growth in the Future
Because small businesses don’t always stay small, they can continue to employ more and more people. By creating more jobs and bringing in outside talent, a growing business really helps their community to thrive. Whether your business grows into something national or not, any growth at all makes a difference and doesn’t go unnoticed!
Your small business is doing more than you think. Because of your innovation, talents and creation of jobs, you are making a major difference for those around you. Whether you realize it or not, your business is a factor in the economy and small businesses are absolutely vital for the growth of the United States!
For more insights on marketing strategy that actually works for small business, subscribe to the FreshLime Newsletter here. Connect with Jay Bean, Founder of FreshLime and Small Business Marketing Expert on LinkedIn and Twitter. And last of all, if any of these tips have helped you or if you have anything to add please comment below. We’d love to hear from you!