National Small Business week is celebrated during the first week of May every year to honor the small business owners of our country who have brought new ideas to life and helped grow our economy.
Small Business By The Numbers
-
There are approximately 32 million small businesses in the U.S. and they make up 99% of all the businesses in the country.
-
Millennials and Generation Z are 188% more likely to start their own businesses than baby boomers.
-
More than 50% of all small businesses fail during the first year.
-
42% of businesses that fail do so because there is no demand for their product or service.
-
Since the pandemic began, 31% of all small businesses have closed.
Why Celebrate Small Business Week
It honors success - Any small business that has managed to keep the doors open during the first year is already doing better than most. This week provides the perfect stage to honor these successful entrepreneurs.
It increases awareness - Small businesses have made significant contributions to the U.S. economy by generating wealth and creating employment. Small businesses create approximately 1.5 million jobs every year.
It spotlights small business contribution to the local economy - Small businesses support the local economy, create jobs and fulfilling the needs of the people living in these towns. These business owners see a gap in the market in their community and try to fill it with what is needed.
How to Celebrate Small Business Week
If you are a consumer - Buy something from a small local business in your community and share a story on social media about the excellent service you received from a small business in your community.
If you own a small business - Proudly share your story with your local press and on social media to encourage others to be self-employed or to learn from your experience. Be sure to say thanks to the people who’ve supported you.
At Quikstone Capital Solutions, every week is Small Business Week. Since 2005, Quikstone has been a champion of small business by helping thousands of merchants build their small businesses with east, fast, and flexible working capital for all their business needs. Quikstone has an A+ rating with the Better Business Bureau, and 80% of our merchants are repeat customers. We're proud of the trust they place in us.
If you need to purchase equipment, hire more staff, expand or remodel, we can help you. Contact us today!
