When I teased the subject of this blog post at the end of my last post I had no idea what I was getting myself into. The Term “Small Business” is hard to define. For example, I’ve worked for companies that had 15 employees. This is certainly small. But I have worked for companies with less than 250 employees that I would consider small as well. 500 employees? Still can be considered small or smallish. I think too many factors exist to definitively define this term. The history if the term “Small Business” is more than 150 years old. During that time the landscape has changed and the definition has fluctuated from positive to negative and back again.
According to www.sba.gov, The 28 million small businesses in America account for 54% of all U.S. sales. Provide 55% of all jobs and 66% of all net new jobs since the 1970s. The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people. The number of small businesses in the United States has increased 49% since 1982.
Further complicating this definition is what happens when a company decides to go public. Even with as few as 150-200 employees, guess what? They no longer get recognized as a small business. Tax liabilities and legal obligations change, Corporate governance changes, availability to sell directly to government and municipalities changes. And most importantly, in my opinion, internal employee culture changes.
I’m not anti “Big Business”. Without it, the speed at which progress moves would be drastically hindered. Where we run into trouble is when “Big Business” and “Small Business” collide and monopolies are created. Every “Big Business” began as a “Small Business” and America is the greatest country on earth because of both.
I created this blog as a resource and going forward I will be writing more about tools, ideas, philosophies etc. and how to practically apply them to improve your sales, skill-sets and competencies.