Did you know? Over the last two decades, small firms have brought nearly 17.3 million jobs to the economy! #SmallBusinessPower #JobCreation #EconomicGrowth #FunFact
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Big businesses get all the attention, however its the small businesses that drive a country's economy Here are some stats for you: ❇ Small businesses of 500 employees or fewer make up 99.9% of all businesses and 99.7% of firms with paid employees. ❇ Of the new jobs created between 1995 and 2023, small businesses accounted for 62%—12.7 million compared to 7.9 million by large enterprises. ❇ Small businesses accounted for 44% of economic activity. (US) Small businesses are laser-focused on innovation, since their one big goal is to grow. They have greater flexibility to pivot and change, out with the old and in with the new is done at a constant pace. Small businesses energize their growth at top speed, the good ones.. are those that are paid attention to and end up being part of a greater picture, whether through acquisition or just sheer gains of market share. Put your money into the main drivers of our economy.. support small businesses.. Give the possibility of endless possibilities... #MondayVibes #MondayMotivation #MondayStarts #Business #ceolife #inspiration #ChangesBringChances
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I coach people and organizations, to unlock their potential and empower them to reach their next higher level.
Small Businesses are important to the US Economy, because they: 1. Create 1.5 million jobs each year. 2. Account for 64% of new jobs in the US. 3. Drive innovation and competitiveness. 4. Contribute 44% of the US's economic activity. 5. Empower the economic vitality of local communities. 6. Make up 99.7% of all US businesses. 7. Employ 61.7 million people and 47.1% of private sector workers. There are more than 35 Million Small Businesses in the United States, if you are one of them, say YES below.
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Despite the turbulent past few years, small businesses continue to demonstrate remarkable resilience, making up 52% of private sector turnover in the U.K. This statistic underscores the vital role that small enterprises play in the economy, serving as the backbone of innovation, employment, and local community support. Contact us to learn more about how we can support your business. #smallbusiness #businesssupport #sme
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The U.S. is a country built on small business. Nearly half of all working Americans, more than 61 million of us, work for a small business. Over the last 25 years, small businesses have created over 12.9 million jobs. That income powers most of the growth of our consumer spending, which results in GDP growth. These aren’t trillion-dollar enterprises, but are the real workers in the U.S., out there grinding out the growth that powers the country financially. As goes small business, so goes the U.S. economy. That’s why, when small business isn’t doing well, the potential for a large economic impact may follow along. As volatility managers this is just another metric we are keeping an eye on. #EyeOnVolatility @Anchor Capital Management Group, Inc.
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"The Myth of Capitalism" presents five key takeaways that shed light on the pressing issues within our economy: 1️⃣ Big Companies Rule: Many industries are controlled by a handful of large corporations, stifling competition and hindering innovation. 2️⃣ Less New Businesses: The dominance of big companies creates barriers for small businesses trying to enter the market, limiting entrepreneurial opportunities. 3️⃣ Lower Wages: Workers in concentrated industries face reduced bargaining power, resulting in lower wages and financial struggles. 4️⃣ Profits Over People: The book expresses concern about corporations prioritizing profits at the expense of their employees' well-being and the communities they operate in. 5️⃣ Unfair Rules: Large corporations sometimes manipulate regulations to their advantage, creating an uneven playing field. In conclusion, we face a troubling economic landscape where powerful corporations wield excessive influence, often putting their interests ahead of fairness. To address these issues we must promote competition, implement fair regulations, encourage corporate responsibility, and support small businesses to create a more equitable and prosperous economy. P.S. (Personal takeaways): • Governments prefer controlling a few mega corporations and cartels over many large businesses. • Cartels facilitated the rise of the Nazi party, while breaking cartels and promoting business democratization contributed to its downfall. • The greatest challenge to government control is the promotion of free speech and entrepreneurship, empowering the masses.
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Recognizing the importance of backing small businesses is essential for our company, especially since 99.9% of U.S. businesses fall into this category. With nearly half of the nation's employees working for small businesses, understanding their substantial role in job creation, contributing to over 12.9 million jobs in the last 25 years, guides us in tailoring our support to meet the needs of this vital sector. #JobCreation #EconomicContributors #SmallBusinessSupport #EmploymentLandscape #BusinessEconomy #VitalSector #EconomicImpact
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Managing Director at PricewaterhouseCoopers LLP, Assets and Wealth Trust Solutions with ETF speciality, Non-Profit Treasurer and Board Member
Private businesses are drivers of economic activity, employment and growth. PwC's 27th Global CEO Survey reveals that private company CEOs are consistently more optimistic than their listed counterparts about their ability to ride out the enduring risks of macroeconomic volatility, inflation and political turbulence. We’ve mapped out five priorities for private businesses in 2024.
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