Why Small Businesses are Important for the Economy
Innovation and growth: When businesses get large, bureaucratic, and complexly organized, they tend to slow down in terms of innovation and growth.
Supply and demand agility: If there is a supply or demand problem limiting our economic capacity, a small business owner can easily pivot to try and close the gap while larger, more sluggish organizations struggle to adapt
Competition: New businesses are constantly emerging, providing a more diverse and more reliable stream of new competitors
Job creation: Small businesses create more than 3 million new jobs annually
Tax revenue: Small business provide significant tax revenue to local municipalities
Potential for long-term expansion: Every small business that launches has the potential to change the world for the better
https://www.americanthinker.com/articles/2022/07/why_small_businesses_are_still_the_heart_of_our_economy_.html
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