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2 Answers
- 1 decade agoFavorite Answer
Living as a small business owner and recent Main Street Delaware Committee Chair and Board member I can tell you they are in danger. Small businesses create the most jobs of any type of employer in the U.S., but with the economic upheavals consumers are slamming their wallets/purses shut until economic stability begins to show actual improvement. Some of the issues small business owners today face are the lack of customers, poor management on their own parts, being open at the wrong times (i.s. 9-5), poor planning and excessive start up costs. Here in Central Ohio we're barely hanging on in some areas while just slow and steady seems to be the real speed in most counties.
Some of the Federal Governments recent policy implementations such as the Health Care plan will kill more jobs than could ever be created as some small business owners as well as large ones will be laying off workers or shutting their doors altogether. Real consumer confidence is our immediate enemy in the world we live in today, because without customers no business of any size will make it very far. Next in line are the chicken little main stream media outlets who thrive on the creation of fear and chaos mongering which glues eyeballs to the idiot box and sells newspapers.
Here are some organizations that you can Google and decide for yourself just what the level of danger most small businesses are in;
National Federation of Independent Businesses
Small Business Advocate
National Main Street Program
Main Street Alliance
Small Business Majority
Small Business Administration Office of Advocacy
More consumer confidence and less fear mongering by the news media will go a long way to restoring the consumer confidence we need to turn the economic and jobs corner in this country.
Source(s): NFIB: www.nfib.org Small Business Advocate: http://www.smallbusinessadvocate.com/small-busines... National Main Street Program: http://www.preservationnation.org/main-street/ Main Street Alliance: http://mainstreetalliance.org/wordpress/ Small Business Majority: http://www.smallbusinessmajority.org/ Small Business Administration Office of Advocacy: http://www.sba.gov/advo/ - 1 decade ago
Absolutely not. Small business are a corner stone of today's economy, with I believe over 70% of all business conducted being through small business. That number could be off from the last time I saw it, which was in a McGraw Hill Economics text book. Although a small business may have a difficult time getting its own niche in today's world, there are still plenty of opportunities for entrepreneurs to make their mark in the world!
Source(s): McGraw Hill Macroeconomics text book, I am a business major at Oklahoma State