It’s easy for small businesses to be brushed off as a small sector of the business market. A local repair shop, the bakery around the corner and that new farm to table restaurant the just opened up are more than just a source of job creation and local economic improvement. In reality, these businesses whether they are start-ups or franchises, are a huge part of not only our neighborhoods and cities economic environment but also our country’s overall economic success. Sure, individually you might not think these businesses can have a major impact on the nation’s finances, but think about them all together.
There are more than 25 million small businesses in America. These include pop-up shops, franchise locations, start-ups and generational family businesses. Combined, small business across the country make up somewhere between 60 and 80 percent of all American jobs. That’s right – these small businesses provide a majority of the jobs available for our citizens as well as financial stability, career growth and the opportunity to own and operate their own company.
Starting Small Business: America Dreams
It is the American dream to own a business that one is passionate about, build a team of dedicated workers and achieve personal and professional success. Small businesses everywhere are helping make that happen. Franchises for example, provide motivated professionals the chance to open their own location, run it how they choose and benefit from its success. They also allow owners to run their own business without as much risk as starting a business from the ground up.
Small businesses allow our citizens to work in an industry they love and help customers each and every day. They can grow and flourish in small neighborhoods, or bring a new business to a larger city. These businesses provide jobs for a variety of citizens as well as provide services that are in demand. The process of opening a small business or franchise location is a lot easier and quicker than a large corporation setting up shop. This means that small businesses can meet market demand quicker and more effectively than many larger companies.
Looking for Profitable Small Business Ideas
Now that the economy has stabilized, more Americans are looking into opening a small business. As the number of business owners increases, so will the impact these businesses have on the overall economy. The success of a few small businesses in one neighborhood can have a quick ripple effect. These businesses bring jobs to the community, which in turn brings more money into the community as well. As jobs and spending increases, the effects go farther than the neighborhood into neighboring towns, large cities and eventually the entire country.
Together, America’s small businesses are a major portion of our economy success. If you have been considering opening a small business or franchise, there has never been a better time. The economy is in great shape, and there are so many opportunities for small business owners in America and its cities. Exploring your options is the first step on your journey of becoming a small business owner making a big impact in America.