The Power of the Small Business Industry in Today's Economy
The Potential and Strength of the Small Business Industry Today’s Economies Now, as innovation takes center stage, honesty prevails over size, and the small business industry is the pulse that is propelling today’s economies. The large corporations may get the spotlight, but it’s the local coffee house, web boutique, local services provider, and independent artists who propel neighborhoods and economic growth. As we move through a rapidly evolving and technology-driven economy, we need to understand the growth, challenges, and possibilities of the small business industry — not only for entrepreneurs, but for consumers, policymakers, and investors too. The Emergence of the Small Business Industry as a Global Force The small business market is not a niche — in fact, it’s a gigantic ecosystem. Small businesses propel jobs and innovation around the world. In the United States alone, small businesses account for almost two-thirds of new jobs each year. They tend to be the initial...