Small Business Fuels the Economy
Small Business Fuels the Economy
There is, however, a brighter side to this economic picture. This can be found in the area of small business. As the major corporations of the world continue their downward spiral there is a corresponding upward spiral of new business enterprises. Small business is the most overlooked and under-assisted area of many national economies.
In all well developed countries government, at many levels, has established well-funded programmes to assist with business growth and job creation. Invariably, however, these programmes are all geared toward major corporations already employing thousands of people. In many instances these are corporations that least need any form of government assistance to ensure their continued growth.
At the other end of the scale we find thousands of small businesses that are growing at a substantial pace with virtually little or no outside assistance. These are the companies that are creating the jobs albeit one at a time. We never read about small business and their hiring achievements simply because it isn’t news on a company by company basis. However, once we look at the combined mass of small business we find that collectively they are an integral and essential part of any national economy. They collectively create more jobs than all of the major corporations around the world combined.
The banking world generally shuns small business enterprises as being under capitalized and generally speaking ‘too small’ or ‘too new’ to command a place in their financing programme. Therefore, small businesses have to exist on their own resources. This often means that the next growth plateau is just out of reach for the majority of them, and they become the victims of their own success. The lack of short-term working capital continually hampers their growth opportunities.
Finding a funding source to work with small business is indeed a substantial project. In the North American marketplace the above scenario is very common with banks, factors and invoice discounters all gravitating towards the larger up-scale transactions. The same of course is true in the European marketplace. The difference might be that there is a network of invoice discounters in the United States and Canada that especially look for small business transactions.
This group has been servicing the North American marketplace for years and has been responsible for the growth of hundreds of businesses that would probably not be in business today without the services of invoice discounters, who offer a cost-effective way of providing short-term working capital that can stimulate the growth opportunities of even very early stage growth companies.
Small Business Fuels the Economy - To learn more about this author, visit David Banfield's Website.
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On a global basis the news continues to be of personnel cuts, staff reductions, lay-offs and so on. This news comes from major corporations around the world as they seek to downsize or right-size in a move towards profitability. Jobs are disappearing at an alarming rate. Along with the jobs go the economic benefits of full employment.
There is, however, a brighter side to this economic picture. This can be found in the area of small business. As the major corporations of the world continue their downward spiral there is a corresponding upward spiral of new business enterprises. Small business is the most overlooked and under-assisted area of many national economies.
In all well developed countries government, at many levels, has established well-funded programmes to assist with business growth and job creation. Invariably, however, these programmes are all geared toward major corporations already employing thousands of people. In many instances these are corporations that least need any form of government assistance to ensure their continued growth.
At the other end of the scale we find thousands of small businesses that are growing at a substantial pace with virtually little or no outside assistance. These are the companies that are creating the jobs albeit one at a time. We never read about small business and their hiring achievements simply because it isn’t news on a company by company basis. However, once we look at the combined mass of small business we find that collectively they are an integral and essential part of any national economy. They collectively create more jobs than all of the major corporations around the world combined.
The banking world generally shuns small business enterprises as being under capitalized and generally speaking ‘too small’ or ‘too new’ to command a place in their financing programme. Therefore, small businesses have to exist on their own resources. This often means that the next growth plateau is just out of reach for the majority of them, and they become the victims of their own success. The lack of short-term working capital continually hampers their growth opportunities.
Finding a funding source to work with small business is indeed a substantial project. In the North American marketplace the above scenario is very common with banks, factors and invoice discounters all gravitating towards the larger up-scale transactions. The same of course is true in the European marketplace. The difference might be that there is a network of invoice discounters in the United States and Canada that especially look for small business transactions.
This group has been servicing the North American marketplace for years and has been responsible for the growth of hundreds of businesses that would probably not be in business today without the services of invoice discounters, who offer a cost-effective way of providing short-term working capital that can stimulate the growth opportunities of even very early stage growth companies.
Small Business Fuels the Economy - To learn more about this author, visit David Banfield's Website.
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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