Small Business Saturday came and went just after the Black
Friday Holiday shopping spree. Small business Saturday is that one day where
shoppers come out in droves to support their local businesses. For good reason
small business is seen as the backbone of the American economy with higher
growth rates and potential than many large corporations offer.
According to the Small Business Administration small
business has contributed to 64% of new jobs and 44% of private payrolls. Small
business is a significant contributor to the American economy and supporting
small business has a long lasting impact on the overall economy. Small Business
Saturday is designed to remind us of that importance and support small business through our purchases.
America itself was started and developed from family owned
small businesses. It is this entrepreneurial spirit that has helped a great
many native and immigrant Americans moving up the social ladder. Even in today’s
world small business still stands as a primary pathway for people to move
from poverty to wealth.
If you have ever ran a small business you will soon
understand how difficult it can be run one. There are mountains of things to
learn, lots of regulations, and a lot of difficulties on the way. The far
majority, go out of business, eight out of ten, within the first year.
Enthusiasm resigns itself to the cold hard reality of life.
Supporting small business is about supporting the entrepreneurial
spirit within the country. These small business owners may have families, be
running part of the year in the red, and have lots of stress. Having one day
out of the year to support their efforts is not a bad idea. These businesses
can be a strong support for the economy and our neighborhoods.
