Why Now Is The Best Time To Be A Small Business Owner
Some thoughts on the current state of small business.
National Small Business Week is here again. This week, the nation celebrates and honors its small businesses, and the influence they have on the tapestry that is our rich American culture. President Barack Obama declared America’s small businesses “the backbone of our economy, employing half of our country’s private sector workforce and creating nearly two out of every three new jobs in our country.” The impact small businesses have on our national economy is astounding.
So what about you? Maybe you’ve been thinking about starting a small business, or maybe you’re already a business owner. Maybe you want to leave a lasting impact on your country. Well, now’s a better time than ever, and here’s why.
Other Business Owners Are Optimistic
Current small business owners are more confident today than they have been in a long time. According to a survey taken by Capital One, small business owners confidence has increased by 33% since the bottom of the Great Recession in 2009.
“We’ve seen real improvement in business owners’ confidence about the stability and sustainability of their operations — indicating many entrepreneurs are focusing less on recovery and looking ahead toward new prospects and growth. This is a terrific sign for our local and national economies given the tremendous impact small businesses have on job creation and innovation,” said Keri Gohman, Head of Small Business Banking at Capital One.
With all of these business owners feeling confident about their business, you can feel more confident in your own small business.
More Resources Available
One of the best parts about starting a business today is the sheer amount of resources you have available. With today’s technology, you can create your own website in a day, start a highly targeted marketing campaign on Google or Facebook, and start finding customers almost instantly. You can find a huge list of free resources for small businesses here.
Not only that, alternative financing has provided new and innovative ways to help small businesses find the funding they need to grow and expand their business. Here at Lendio, we work with a lot of lenders who help people that can’t find financing through the bank. It’s inspiring to see how these business owners use the funds they get to grow their business, creating new jobs and opportunities. In fact, President Obama talked about how important capital is in his proclamation about National Small Business Week.
“We are focused on injecting capital into emerging, entrepreneurial communities, supporting ventures operated by women, veterans, and underserved populations. And we continue to work to open new markets for small exporters because we know trade promotion bolsters our small businesses and their employees.”
The proclamation closes with “Our small businesses represent what is best about our Nation – the idea that with determination and responsibility, anyone can build a better life for themselves and their loved ones. For more than two centuries, American innovation has sparked ideas that have changed our lives and the course of our history for the better. This week, we recognize the role small businesses play as pillars of our communities and engines of our growing economy, and we rededicate ourselves to fostering the entrepreneurial spirit that has forged the strongest economy the world has ever known.”
So as you’re working on your small business, remember that now is a great time to be a small business owner. And if you haven’t started it yet, remember what Mark Twain said, “The secret of getting ahead is getting started.”