This year, the Small Business Administration (SBA) has designated its annual Small Business Week from April 29 – May 5, 2018. During this week, the SBA recognizes outstanding entrepreneurs and small business owners through the United States. They’re also offering a virtual conference on May 1 along with Hackathons, Twitter chats, awards, and a bus tour throughout the Southeast.
Why all this attention just for small businesses? The answer is easy: more than half of all Americans either own or work for a small business, and small businesses create two out of every three new jobs in the U.S. each year.
In Georgia, the figures are equally impressive. According to the Georgia Department of Economic Development, small business in Georgia is booming. Here are some distinctions:
- The state ranks #10 in Growth Entrepreneurship (Kauffman Foundation,2015).
- The state also scores an “A” and ranks in the top 5 for small business friendliness (Thumbtack,2016).
Georgia has also maintained its number one standing in the nation in which to do business for five years in a row according to Site Selection Magazine – for businesses large and small.
Small businesses are also important because most provide products and/or services that larger organizations can’t or won’t produce. For example, a family-owned farmer can sell products directly to customers at a local farmers market without incurring shipping charges. The customer not only gets the produce they want at a good price, the quality tends to be better. Or, a CPA provides accounting and tax services at her small firm. Because the CPA firm is small in scale, the accountants and staff have the flexibility to spend more time with clients and develop relationships that are rare at larger firms.
As a fellow small business, The Barter Company celebrates these important companies during the SBA Small Business Week. And, if you’re interested in seeing how barter can help your small business grow, please let us know. We’re here to help you succeed.