The Importance of Small Business in Any Economy

Great companies start because the founders want to change the world, not make a fast buck. (Guy Kawasaki)

Are you a passionate individual with good ideas, creativity, and a can and will do attitude, ready to work towards realizing your dreams? Good, because these are some of the most important prerequisites for starting your own business. If you also have risk-tolerance and see the opportunity in everything and are willing to run against your fears, entrepreneurship may be the thing for you.

Small is beautiful. 

Have you ever thought about the reasons for being employed, rather than being self-employed? Or why, in the first place, you are working for an enterprise rather than starting something of your own?

There is no such thing as security in the corporate world. 

Nice, if you are working for a large corporation, but in fact, how much security can your large employer give you? If you really are looking for security, make sure to start your own business instead, because large corporations do offer you anything but security.

More than 50 % of all business worldwide is SMALL business. Thus, the importance of small business is extremely important in and to any economy. Without small business/es, the world would not be the same. 

And, by starting (and, perhaps growing) your own business, you not only take charge of your own finances, but also make sure to remain independent and untouched by the strategic decisions (including mass-layoffs) made by large employers, who often could not care less about their most important asset – their human capital.

Reasons for starting your own business vs. staying employed:

Further reasons for starting your own business:

– You want to be your own boss rather than having everything dictated to you

– You are enthusiastic, hard-working, result-oriented, forward-thinking, and progressive

– You are tired of sending your CV or resume to employers, companies and organizations that do not see your potential, or, if they do, rather hire someone cheaper, less qualified or less progressive => You are tired of wasting your precious time, energy, knowledge and skills on sending applications to firms where robots rather than real people read your CV, with your CV ending up in the trash before a real human being has even seen it. Instead of wasting your time upon useless activities, you might as well use your time for more important activities, such as starting your own business and creating your own rules.

And, if your society does not support entrepreneurship, make sure to start your business in a country which does support it, including essential and relevant things enabling successful entrepreneurship, such as an enough big market, a rewarding rather than punishing taxation policy for (small) businesses. In other words, an innovative, accepting and progressive market economy allowing for entrepreneurs to thrive.

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States. (Ronald Reagan).

The same quote applies to all other economies in the world as well! Your business is needed. 

 Do something today that your future self will thank you for. 

Life, and entrepreneurship, is not about finding yourself. It is about creating yourself. 

Innovation and entrepreneurship are the best ways and opportunities to grow the economy. 

The true entrepreneur is a doer, not a dreamer. 

You can never cross the ocean until you have courage to lose sight of the shore. (Christopher Columbus).