small business

1. “A business absolutely
devoted to service will only
have only one worry about
profits. They will be
embarrassingly large”
-Henry Ford
How Small businesses shape the
economy in big ways

2. What defines a small business?
A business that is….
1. Organized for profit
2. Independently owned and operated
3. Not dominant in its field on a national basis

3. Why are they important?
543,000 new businesses
open each month. 50% go
on to last 5 or more years
Over 30,000,000
small businesses in
the U.S.
99.7% of all U.S.
businesses are small
businesses

4. Bringing hope
55% of all U.S. startups
are founded by
immigrants
64% of new jobs created are
by small businesses
68% of money spent at
small businesses stays in
local economy, compared to
only 43% if you shop at big
box stores

5. Supporting small and local businesses can make
great strides in helping our communities
For more information on why to support small businesses please visit
https://businessdegrees.uab.edu/business-administration-degree-masters/benefits-of-supporti
ng-small-business/

6. Sources
https://www.fundera.com/blog/small-business-quotes
https://grasshopper.com/resources/articles/small-business-saturday-statistics/
https://99firms.com/blog/small-business-statistics/
https://www.state.gov/what-is-a-small-business/