May 2 to 6, 2022 was Small Business Week and I am pleased to see the growing national attention this sector deserves. We learned during the pandemic that small businesses contribute 47% of new jobs and half of the Gross Domestic Product (GDP). California has the highest number of small businesses 4.2 million as of 2022 per Shopify (https://www.oberlo.com/statistics/number-of-small-business-in-the-us). California has 40% more small businesses than Texas which has the second highest number of small businesses in the nation. Eighty-three percent of new jobs created in California in 2021 were created by small businesses. The U.S. has 61.2 million small business employees in the US, which make up approximately half (46.8 percent) of the total US workforce.
The small business sector struggles every time there is a bump in Covid-19 cases, which is now endemic in the population. Business districts across the country lost local restaurants that were institutions families enjoyed for decades. Retail businesses of all sizes are searching for new business models to survive.
Business owners who want to grow need to be celebrated and cultivated all year long. Small businesses can benefit from better combinations of low cost loans, grants, and equity funding. Furthermore, customized learning on advanced topics like executive leadership, decision making, and product development and implementation. In California high levels of financing are required to bring the small business sector back.
If you would like to learn more about how to strategically guide your company’s growth and implement your strategic objectives, join me on May 24 and 25 for a three-hour workshop on “The Great Decision Workshop: More Value Than Just Money”.
May 24 11:00 am – 12:30 pm
May 25 11 am – 12:30 pm
Contact us at info@thecraneworks to get a $175 discount code.