Serving
Mohave County
May 2024
Volume 24 Issue 3
COMPLIMENTARY

Sep 2022 | Business | 0 comments

Small enterprises help all businesses

Business | 0 comments

September 2022

NATION – To become big, all businesses once started out small. In 1978, when the track-and-field coach and his former student who founded Blue Ribbon Sports by making running shoes with a waffle iron changed their company name to Nike, they never imagined it would become the massive multinational corporation that it is today. 

The two high school friends and devoted computer tinkerers who ended up founding their own software company in 1975 under the name Microsoft could never have expected how large their once small business venture would soon become.

Small businesses grow because they draw innovation, attracting talent that brings inventions or new solutions to old ways of doing business that larger corporations have less flexibility to incorporate. This is why big companies today want to acquire small businesses, for their innovators. Apple and Google may be known for their innovation, but they also buy up small startups with innovative new technology to boost this development.

Big businesses and even big government projects depend on small businesses as subcontractors, vendors and customers. Federal bills focusing on new jobs to come out of a recession talk a lot about building bridges and freeways, but less about the small businesses across the country that bid for these contracts and carry them out. No matter where you find significant economic development, small businesses are behind it.

The opportunity for people to found, run or work for small businesses is the pathway to achieving the American dream. It creates an environment of mythical energy where desires are fulfilled and innovation is at its peak. Creating small businesses, becoming profitable and hiring people to share in those economic gains is what makes this country free. Foreigners who lack those same opportunities in their own country come to America seeking their own dream.

Because of their importance, big business campaigns should consider their ability to support small businesses, therefore encouraging thriving economies. A strong economy supports both big and small businesses, but no society can thrive without the presence of small businesses. Corporations are reliant on small businesses to allow them to continue to succeed. By helping your neighbor, you ultimately are helping yourself (and your business). Businesses, in particular, should consider supporting small businesses by, for example:

Small businesses are everywhere, but everyone in the U.S. has the right to create their own from the ground up, as well as the necessary access to the technology, investors, loans and government support to help out. This well-developed support system attracts a huge pool of dreamers: immigrants with the hopes of achieving their lifelong goals, creating something new and finding success. For them, arriving here is like diving into a crystal-clear pool of opportunity – they can see it and go after it. Small businesses make this possible.

While government aid is necessary to continue supporting small business growth, so is consumer support. Inexpensive products delivered to your home from Amazon are nice, but also consider supporting small businesses. Don’t be so quick to judge and leave negative reviews because of one bad day. Instead, make an effort to put money back into the main drivers of our economy and look to them for employment opportunities to help them keep their doors open. The more we encourage small businesses, the longer we keep the American dream alive.

– Forbes Business Council

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