Archive for September, 2010
Is Small Business The Key Job Growth Tool? Wednesday, September 22nd, 2010
What got me thinking about this topic this morning is an article I read on Market Watch on why we should stop worshiping small business as the savior to all of our job creation needs.
There has always been something humorous to me and many others about what is considered a small business. Business that generate 30+ million in annual revenue being considered small is nonsense. There is nothing small about that size of business. The argument has always been that small businesses create the most jobs when in reality this is not the case.
The Market Watch article talks about the fact that we need to focus on businesses of all sizes and make entrepreneurship the focus of where we need to create jobs.
This is where small business comes in as far as I’m concerned.
We are operating in an ever changing economy where unemployment is higher than it has been for some time and it’s not going to be improved through the use of past techniques that create temporary jobs. The way the economy is going to be changed and the way that people are going to be paid for the work that they do is going to center around entrepreneurship.
This New Work Revolution as I call it, will be centered around small business as many people will look and are already looking to starting a business to get themselves back into the work force. The concern will be around getting these new business owners the help they need to sustain a business and make it grow.
So is small business the key to job growth? The answer is no in that entrepreneurship is the real key regardless of business size. It’s also yes in that as people have been displaced from jobs many are looking towards small business to get going again.
If you are looking at starting a business or have a business that you need some help with a great resource for you in sustaining your idea is our coaching club. Check out our coaching club here: http://www.thebizblueprint.com/coaching-club/