Thought-Provoking Statistics That Prove Small Businesses are Mighty

This week marks the 51st annual National Small Business Week (May 12-16) in the U.S. Every year since 1963, the U.S. Small Business Administration takes the opportunity to highlight the impact of outstanding entrepreneurs, small business owners, and others from across the nation through National Small Business Week. Just how crucial does the roll of small businesses play in the U.S. economy? Despite the rise of mega-retailers and giant conglomerates, small businesses are an important source of job creation and healthy economic growth.

Rising Approximately 543,000 new small businesses are founded in the U.S. each month, Forbes reports.

Current Small businesses are typically very in tune with the latest trends. As Get Busy Media reports, small businesses are often early adopters of mobile technologies and have jumped headfirst into trends like social media marketing, crowdsourcing and the hiring of remote employees.

Innovative SBA report also found that while larger companies may generate more sales than their smaller counterparts, these sales numbers don’t correspond with an increased ability to innovate.

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