Did you know that 99.9% of all businesses across the United States are small businesses? While the big corporations capture the headlines, America's small businesses are the engine powering our economy. There are 33.2 million small businesses across America, and they employ 61.7 million workers, approximately 46.4% of the workforce.
How it got started
For more than 50 years, the U.S. Small Business Administration (SBA) and local communities across the country have celebrated National Small Business Week, spotlighting the significant contributions of America's small business owners.
One of the many benefits of shopping with small businesses is that your dollars will stay in your locality. Small businesses constantly reinvest in their communities. They donate to school programs and local organizations. That makes every dollar you spend in a small business more valuable.
Owning a small business is challenging.
Starting a small business takes work. There are many things to do, including conducting market research, developing a business model, selecting a location, obtaining federal and state tax IDs, opening a business bank account, and securing funding.
While many small businesses perform well and are continuously profitable, about a third of small businesses fail in the first two years. According to the SBA, only 33% of new small businesses make it ten years or more. The most common reasons for small business failure include a lack of funding, an inadequate management team, a faulty business model, and unsuccessful marketing initiatives.
Resources to help small businesses succeed.
You don't need to be a new business to take advantage of all the resources available to you. The SBA has an extensive business guide with information about growing your business. The SBA also offers an online learning platform with modules that will take you step-by-step through starting your business, understanding your market, and even providing support through its mentoring program.
The SBA and SCORE, mentors to America's small businesses and a resource partner of SBA, also offer low-cost counseling and training in your local area. They will also host the 2023 National Small Business Week Virtual Summit on May 2-3. The free, two-day online event will celebrate the hard-earned success of small businesses while sharing best practices to facilitate growth.
Easy, Fast, and Flexible funding for your small business.
Since 2005, Quikstone Capital has been a trusted funding partner for thousands of small business owners. If you need cash for your business, Quikstone can help.
Quikstone's merchant cash advance is not a loan, and it doesn't take complicated paperwork and weeks for approval. If you accept credit cards, the process is fast and easy. There's a simple one-page application, no collateral is needed, and you could qualify for up to $250,000. Quikstone has an A+ rating from the Better Business Bureau, and more than 80% of our merchants return for additional funding. Contact us today to be prequalified – there is no cost or obligation. At Quikstone, we have one goal – to help you succeed.
