President Barack Obama has been very vocal about the significance of small businesses to our economy. According to the White House website, www.Whitehouse.gov, the President views small businesses as "the backbone of our economy and the cornerstones of our communities".
Unlike their Fortune 500 business counterparts, whose heavily entrenched internal culture makes swift change difficult, small businesses are agile, more flexible and can adapt more readily when the economy requires or the business model no longer works. So it comes as no surprise that we as a community put forth every effort to support and grow our small businesses.
Frequently forced to wear many hats, small business owners often juggle legal, accounting, marketing, operations, hiring, firing, manufacturing and distribution duties. Some do it all of this while maintaining a full time job and family. The idea is to grow the business enough so that the entrepreneur can leave the job and focus on the business.
- Written by Carlee McCullough