According to the SBA, the United States is home to 28.8 million small businesses which accounts for a whopping 99.7% of all US businesses. Small and independent businesses have undoubtedly played an integral part in the fast-paced growth of our country since it’s founding in 1776. Creating jobs in the community helps the economy and ultimately, serves as a foundational stepping stone towards the people who want a piece of the American Dream.
Larger chains, especially the “superstores” are squeesing out small businesses. We all know of a few large warehouse hardware stores, they have taken the small corner hardware business right out of business.
Some like the larger stores, they do serves as a “one stop shop”, but there are a lot more than just financial losses to consider when we allow small businesses in the community to disappear. “Independent business bring originality and variety in a world that’s becoming increasingly homogenized by corporate owned, publicly traded companies.
Smaller independent establishments are often the character of a neighborhood, the community. The relationships created between customers and those that work in independent business frequently go beyond just purchases. Most independent businesses are run by people, not by corporate boards, stockholders and driven by cold hard data.
When you patronage a small locally-owned business you get a different kind of care and quality in their product because their work is a reflection of themselves. Instead of focusing on the next market they’re expanding into or the next round of funding they’re raising, they’re focusing on the details and being the best they can be to support themselves and their employees.