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WJR Business Beat with Jeff Sloan: The Importance of Small Business in America (Episode 170)

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Did you know that 75% of all new jobs in this country are created by small businesses? Or that 99% of all employers and approximately half of this nation’s GDP is driven by small businesses?

On this morning’s WJR Business Beat, Jeff discusses the importance of our small businesses in America and the true impact on individuals who create and run successful small businesses.

Tune in to this morning’s Business Beat to learn more about the importance of small business in America:

“Small businesses are not only the engine of the American economy, but more importantly, they are tied to who we are, and what we stand for as a nation.”

– Jeff Sloan

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

Are you an entrepreneur with a great story to share? If so, contact us at [email protected] and we’ll feature you on an upcoming segment of the WJR Business Beat!

Good morning, Paul!

Most people aren’t aware of the importance of small business in America, but they need to be. How important is it? Well, the bottom line, how about this? Seventy five percent of all new jobs in this country are created by small businesses. How about this one? Ninety nine percent of all employers and approximately half of this nation’s GDP is driven by small businesses.

And while the statistics underpinning the importance of small business in America are clear and compelling enough, the importance of our small businesses in America goes way beyond that.

Let’s talk about the impact on individuals who create and run successful small businesses. It gives them a sense of pride and accomplishment and even personal expression.

You see, small business owners see their businesses as a fundamental part of who they are, what they stand for and how they can serve their clientele and customers, giving real purpose to their lives.

Moreover, a civic economic study indicated that small businesses and their earnings are retained at a rate of roughly $68 out of every $100 spent with them in their local communities to improve schools, employ others and enhance the overall quality of life.

Small businesses are not only the engine of the American economy, but more importantly, they are tied to who we are, and what we stand for as a nation.

Look, people from around the world still look to us as the land of opportunity. And while many of us contend to take this for granted or even overlook it all together, don’t. For you pioneering entrepreneurs who dare to be bold enough to strike out on your own and do it your way, you are a true inspiration.

And for those of us who reach into our wallets as consumers, with a plethora of options we have to spend our hard-earned dollars, make those dollars go further by making your spend with small businesses whenever and wherever you have the choice to do so. Our great country depends on that, especially now.

I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.

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