The Microbusiness Difference--The Impact Can't Be Overlooked!

A Division of Gardner Bank

www.smallbusinessbank.com

The impact of microbusinesses in America cannot be overlooked.

They're responsible for creating tremendous job growth. Just look at the numbers:

Manufacturing: 11,693,000
Professional and business services: 17,291,000
Government: 22,535,000
Trade, transportation and utilities: 24,941,000
Microbusinesses, including working owners: 26,022,720
Education and health services--including public schools and hospitals: 28,804,000

(Persons employed in microbusinesses, including working owners, compared to number of persons employed in industry sectors or super sector, U.S. May, 2011)

In addition to the jobs they create directly, microbusinesses cause a "ripple effect" that generate further employment. This can be broken down into two types--the indirect effect and the induced effect.

(The above from the Association For Enterprise Opportunity--The voice of Microbusiness).

Learn how YOUR business can be featured on our blog and promoted for FREE via our social media platforms/website by calling John at 1-855-856-0233, Ext. 114 today!

For more information about our simple and value-based micro business banking products/services visit www.smallbusinessbank.com.

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The Microbusiness Difference--The Ripple Effect!

 

A Division of Gardner Bank

www.smallbusinessbank.com

Microbusiness companies and their business operations can have a "ripple" effect on job creation. One is by an "induced" effect from  hiring a new employee. The other is an indirect effect on the larger employment picture when the microbusiness is buying goods and services in the normal course of doing business.

This would be the case for example, when a microbusiness will purchase a computer for it's own business operations. The direct and indirect effects serve to ripple economic activity by the direct impact of hiring an employee, and indirectly when the decision to purchase a computer results in the hiring or retention of employees at those companies in the economic link by that 1 purchase.

 

The ripple continues in the example above, when the computer that was bought by a microbusiness is used to purchase additional goods and services due to increased efficiencies.

Thus, in addition to the 26 million jobs contributed directly in 2011 by microbusinesses, microbusinesses also added 1.9 million indirect jobs and 13.4 million induced jobs.

This gives a combined total of 41.2 million jobs, which amount to 31 percent of all private sector employment.

(The above from the Association For Enterprise Opportunity--The voice of Microbusiness).

Learn how YOUR business can be featured on our blog and promoted for FREE via our social media platforms/website by calling John at 1-855-856-0233, Ext. 114 today!

For more information about our simple and value-based micro business banking products/services visit www.smallbusinessbank.com.

Listed as one of the Top 10 Free Checking Accounts by GoBankingRates.com.

The Microbusiness Difference--A Closer Look!

A Division of Gardner Bank

www.smallbusinessbank.com

When it comes to the U.S. economy, size matters. Whether it's Big Business, Big Oil, or Big Banks, scale of operation is clearly a big deal.

As daily media coverage shows, it is the nation's major undertakings and enterprises that occupy the attentions of Washington and Wall Street. For all intents and purposes, it's the performance of the Fortune 500 companies that serves as a barometer for the rest of the economy and tells the rest of us how well or how poorly we are doing.

However, this focus on scale fails to take into account other parts of the economy, such as microbusinesses, which represent 92 percent of all U.S. businesses.

While, by definition, these businesses are small in scale, in the aggregate they are much more significant than most people realize. What's more, they have the potential to be even bigger and to provide the growth and jobs our economy so desperately needs.

It's time to give microbusinesses a closer look.

In 2011, microbusinesses directly accounted for approximately 26 million jobs in the economy. That's more than the total number of individuals employed in the government sector at the local, state and federal levels and more than twice as many who work in the Manufacturing. It is also more than total numbers in the Trade, Transportation and Utilities sector.

In our next two blog pieces--we'll talk about the various ways microbusinesses impact employment in our country.

 

 (The above from the Association For Enterprise Opportunity--The voice of Microbusiness).

Learn how YOUR business can be featured on our blog and promoted for FREE via our social media platforms/website at jverlin@gardnerbank.com .

For more information about our simple and value-based micro business banking products/services visit www.smallbusinessbank.com.

Listed as one of the Top 10 Free Checking Accounts by GoBankingRates.com.