If you're a small business - and by that I mean you have 25 employees or less - then you should be congratulated.
Hopefully, you're surviving the worst economy since the Depression.
Perhaps, you've not had to lay off any employees.
Maybe, you've even hired one or two new staff members.
I sincerely hope your sales are steady or even up.
Nope, the bank won't loan you any money; credit is tight. Venture capitalists aren't interested because you're not generating $1 million in sales during your first year (so they can take 1/2 of it when someone buys your brilliant idea or write off 100% when you fall).
You've rolled up your sleeves and you haven't given up.
Guess what?
Small businesses - those businesses that continued to be ignored by everyone except the tax man - are the ones that will turnaround our current "recession."
How?
In an article by Marcy Gordon, with the Associated Press, "small businesses are seen as a linchpin for the recovery, with the potential to expand and soak up some of the nearly 10% of unemployment that has ravaged the country and preoccupied Congress."
So, while the fat cats are still taking home the fat check (while the government bails them out) and big companies, automakers, ad agencies, etc., are laying off employees, the small guy is hanging tough.
Keep going small business owner. Keep going.


Thanks for this post. I know a lot of small businesses need to hear this, especially when one is about to invest more into their business during hard times.
Thank you!
Jennifer
Posted by: Jennifer | March 03, 2010 at 01:07 AM