3 Reasons Why Small Businesses are Important

 

When talking about important small businesses many people automatically think of large businesses and corporations. This is due to the fact that we often see them on T.V. and interact with them daily. Businesses are often underestimated simply because they’re small. However, they are arguably just as important for our economy and community. Small businesses also allow for people to live out their dreams and are an outlet for creativity.

 

1. Small Businesses provide jobs

 

 

One of the reasons why they are important is because they provide jobs for the community. As businesses grow and expand there becomes a need for employees to help keep the business running. As a matter of fact, in 2018 small businesses created 1.9 million net new jobs. They also make up 99.7% of U.S. employer firms. It’s safe to say that small businesses do their part in helping the economy while providing more job opportunities.

 

2. High job satisfaction

 

It’s also important to note that people employed by a small business generally are satisfied with their position. A survey done by QuickBooks found that

 

  • 25.10% of employees at a small business are “very satisfied” while
  • 51.30% are “satisfied.”

 

Working at a small business provides you with the opportunity to know your coworkers and boss more intimately which ends in you being more comfortable at work. Small businesses usually also provide a flexible work schedule.

 

3. Small Businesses foster the local economy

 

 

Small businesses also have the opportunity to bring more tourists or visitors to the local community. Which in turn, helps level up the community. Local of course also help support the local economy and when customers support the business they are also doing their part in supporting the community. Which in turn also helps bring the community together. If you’re looking to start or grow your own business consider becoming a member of GACN which will provide you with all the tools you need.

 

Further reading: