Small Business is the Cornerstone of our Economy

No Comments »

In the midst of the current financial crisis, it would be easy to lose sight of what actually forms the cornerstone of our economy. Entrepreneurs and small businesses make up 20 million of the 26 million businesses in America, Of these businesses, 97% employ 20 people or less, accounting for half of the non-farm GDP and 60-80% of jobs. (Small Business Administration)

Now more than ever, it is imperative that we reach out and prop each other up. We must find new and creative ways to support entrepreneurs who are willing to take the plunge. Each day, 2,356 Americans decide to go into business for themselves. Their companies account for 78% of all US businesses. And they collectively obtain annual receipts of $951 billion. (Bureau of Labor and Statistics)

Read the rest of this entry »