When you think of American business, innovation and prosperity, there are few better examples than Apple. Currently worth billions, Apple is recognized worldwide as a leader in technology and innovation. However, if the story of Steve Jobs and Steve Wozniak’s startup that grew into the legendary company it is today weren’t so well known, there’d be little evidence that Apple started as a couple of curious kids toying around with circuit boards and computer chips in a suburban home. This week marks National Small Business Week, an observance created by the U.S. Small Business Administration (SBA) to put a spotlight on the country’s small businesses that bring diversity, culture and innovation to the communities they serve. As sign makers, we partner with a number of small local businesses that, while varying in style, market and product, share a common characteristic: They all care deeply about their customers. For those small business owners who may not realize the impact their company has on the community, or for the entrepreneur who needs a little push to start their dream business, let us share a few facts with you.
How Small Businesses Make an Impact Beyond Small Business WeekThere are many reasons to celebrate small businesses. According to the SBA:
- U.S. small businesses have increased by 49% since 1982
- Small businesses have added 8 million jobs to the workforce since 1990
- 40% of all retail sales come from franchised small businesses
- Since the 1970s, 66% of all new jobs and 55% of all jobs have been provided by small businesses
- Small businesses have provided 54% of all U.S. sales
- Small businesses occupy 30-50% of all commercial space in America