Entrepreneurial Magazine has stated that small businesses are making a big impact on the economy at large. It is estimated that there are anywhere from 25 to 27 million small business in America. Small businesses account for approximately 60 to 80 percent of the jobs in this country. Additionally, there was a study done by Paychex that found that small businesses make 13 times more patents than large businesses.
The economy needs small businesses in order to thrive. However, the question is, how do we make sure that small businesses are getting all of the resources that they need. Furthermore, what can we give businesses to help them keep up with the changing economy? We have to give businesses access to the right advisors and capital, so that they can succeed. A business will also be more likely to thrive if there are smart regulations and tax structures. Fortunately, there are support organizations and programs that are giving businesses the tools that they need to survive.
I saw an example of how organizations are supporting businesses at the Goldman Sachs 10,000 Small Business Initiative that I attended in Cleveland last week. Cleveland happens to be the seventh city to become a part of this particular program. This organization is doing its part to make sure that people are educated on the importance of small businesses. Small businesses are creating economic stability, and Goldman Sachs 10,000 Small Business Initiative is telling people about that. This organization is also giving entrepreneurs the support that they need to take their business to the next level.
The spokesperson for Goldman Sachs released the following statement, “Small businesses are creating job growth in the United States economy.” We are doing our part to make sure that we give small businesses the skills and training that they need to prosper.”
Read more at Forbes.