It’s National Small Business Week! This annual celebration, happening May 5-11, 2019, recognizes small businesses and the important contributions they make to our local and national economies. At BirthdayPak, we applaud all of the small business owners across America – especially our hardworking franchise owners and the hundreds of local, small businesses who partner with BirthdayPak to send more than one million birthday wishes to women every year.
In recognition of National Small Business Week, here are just a few ways small businesses play an important role in our communities and economy:
More than half of Americans own or work for a small business.
Step aside big retailers – together, small businesses are a mighty force! The Small Business Administration (SBA) states that more than 50% of Americans either own or work for a small business. And they are the faces you see every day – our neighbors, family and friends.
Small businesses are the lifeblood of the economy.
Think the mega-corporations employ most of the workforce in the U.S.? The SBA also reports that small businesses create about 2 out of every 3 new jobs in the U.S. each year. Small businesses created 8.4 million new jobs versus the 4.4 million created by large businesses, from 2000-2017. Further, small businesses reinvest more in the local economy at double the amount chains do. For every $100 spent at a small business, $68 stays in the community.
Women-owned businesses are growing exponentially.
According to the 2017 State of Women-Owned Businesses Report commissioned by American Express, the number of women-owned businesses over the last 20 years (1997-2017) has grown 114% compared to the overall national growth rate of 44% for all businesses. In the U.S., women-owned businesses employ nearly 9 million people and generate more than $1.7 trillion in revenue. As a result, the number of women pursuing opportunities in franchising is also rising.
Show Small Businesses the Love
It’s clear: Small businesses are exceptional, and they keep our communities thriving! If you’re looking to show your support and appreciation during National Small Business Week, one of the best ways is to eat and shop local. Try a new restaurant or shop at a boutique. When you have a good experience with a small business, spread the word to your neighbors and friends or write a review.
BirthdayPak Celebrates Small Businesses Year-Round!
BirthdayPak has a ripple effect on small businesses! Not only is BirthdayPak itself a small business, but our franchise model is made up of a collaborative network of small business owners. Our business partners who participate in BirthdayPak are mostly small businesses providing goods and services to thriving local communities across America. When recipients receive their BirthdayPak, they receive valuable gift cards that encourage them to stay local when dining out and shopping. We’re proud to have a part in helping small businesses achieve their dreams and give back to our communities. For more information on featuring your small business in BirthdayPak, visit BirthdayPakGifting.com.
Are you a budding entrepreneur who wants to partner with a growing national brand and make an impact in your community? Start with this series of articles to get acquainted with franchising and BirthdayPak, and meet some of our small business owners. To learn more, schedule a call.