White House Initiative on Asian Americans, Native Hawaiians, and Pacific Islanders’ Post

Shopping small shop local on Saturday, November 25, 2023. Saturday, November 25, 2023 is Small Business Saturday – a day to celebrate and support small businesses and all they do for their communities. This year, we know that small businesses need our support now more than ever as they navigate, retool and pivot from the effects of the coronavirus pandemic. Please join SBA and organizations across the country in supporting your local small businesses by shopping at a small business. There are 33,185,550 small businesses in the United States. Small businesses employ 61.7 million Americans, totaling 46.4% of private sector employees, small businesses employed 8.2 million individuals in Canada https://lnkd.in/gQsSjh4x

Small Businesses drive our economy, provide local jobs for local people, and have the potential to build generational wealth. The SBA is a pivotal partner in supporting local banks to help in this mission. Here's the latest from the SBA, links provided for more! Shop small on Saturday, November 25, 2023! Saturday, November 25, 2023 is Small Business Saturday – a day to celebrate and support small businesses and all they do for their communities. End of
Translation This year, we know that small businesses need our support now more than ever as they navigate, retool and pivot from the effects of the coronavirus pandemic. Please join SBA and organizations across the country in supporting your local small businesses by shopping at a small business. Founded by American Express in 2010 and officially cosponsored by SBA since 2011, Small Business Saturday has become an important part of small businesses’ busiest shopping season. Historically, reported projected spending among U.S. consumers who shopped at independent retailers and restaurants on Small Business Saturday reached an estimated $17.9 billion according to the 2022 Small Business Saturday Consumer Insights Survey commissioned by American Express. https://lnkd.in/eKJJyN37

This article is for entrepreneurs who want to understand the major trends affecting small businesses in 2023. Explaining the small business finance trends, Small business marketing trends, Small business tech trends and human resources.

As small business owners, we all know that running a business is no easy task. We face countless challenges daily, from managing finances to marketing our products or services. However, some challenges stand out more than others and can significantly impact the success of our businesses. In fact, according to the U.S. Chamber of Commerce, these are the 7 challenges that dominated 2023: #smallbusinesschallenges #highperformingorganizations

As Small Business Saturday approaches November 25th, the Biden-Harris Administration announced new actions to support small businesses: -- Awards of more than $50 million through the U.S. Department of the Treasury to provide legal, financial, and other advisory services that are expected to help more than 10,000 small businesses owned by individuals from traditionally underserved communities secure loans and investments to grow and expand. -- $50 billion delivered to small businesses through the Small Business Administration (SBA) in Fiscal Year 2023, with increased support for underserved and minority-owned businesses. --- Increased investment in rural businesses via the SBA and the Department of Agriculture. Check out the FACT SHEET here: https://ow.ly/Y8wp50Qasq3 #smallbiz #microbiz #minorityowned

Running a successful small business is stressful enough without worrying about how to make money in a recession. Check out these 4 wyas your business can prep in our latest ROK blog.👇

This Sunday starts Pennsylvania Small Business Week! While big corporations typically get a lot of headlines and attention, it is Small Businesses that really are the backbone of America! Forbes 2024 small business statistics report says that "Nearly half of all U.S. employees are employed by a small business”. So, regardless if you fall in that "nearly half" category or not, it is important to support your local small businesses. When people think of supporting their local businesses they may think of catchy phrases including "buy local", "shop local", or "stay local". There are also other ways to help local small businesses in addition to buying products and services. For example, if there is a Home Builder / Home Improvement company that is a locally owned small business that you have used before, but are not currently using, you can still help them. Even if you are not at a point where you are going to "buy, shop, or stay local", how about "Share Local"! In the fast paced digital world we live in today, you can help a local business by simply sharing their information on your social media platforms. Maybe a friend or a friend of a friend sees what you shared and then uses their services. You are still helping by spreading the word. Challenge yourself this week to share, shop, buy, or stay local! Small businesses may be small, but they are mighty!

Here are Forbes' Small Business Statistics of 2023! Fully 99.9% of businesses across the US are small businesses. 👀 Read this article for further statistics and insights—and reach out to Eagle Tech Corp for help with your technology needs.

Exciting News for Florida's Small Businesses! According to a recent survey, a whopping 75% of small business owners in Florida are feeling optimistic about what 2024 has in store. Even better, many of these entrepreneurs are gearing up to boost profits and expand their teams by hiring more employees. This is a testament to the resilience and determination of Florida's small business community, and we couldn't be prouder to be part of it 💪 https://lnkd.in/gmpthjmA

🏫💲---Some Small Business Facts---💲🎓 33.2 Million Small Businesses in the U.S. The U.S. Small Business Administration reports that there are over 33.2 million small businesses operating in the U.S. today. This is approximately 800,000 new small businesses compared with a year earlier. 47% Growth in Small Businesses in the Last Decade The number of small businesses operating in the U.S. has almost doubled in the past 10 years. Up to 22% of Small Businesses in the U.S. Fail Within 1st Year Between 20% and 22% of small businesses started in the U.S. fail within the first year. The good news with this statistic is that 80% of businesses manage to survive the first year. 5 Million New Small Businesses There were 5 million new businesses created last year. This is a 7.4% decrease from a year earlier when a record 5.4 million businesses were started. 89% of Small Business Owners Work Weekends Not only do small business owners frequently work weekends, but 8 out of 10 work nights; it’s not unusual for them to work 60+ hours a week. #whartonschool. #timhooker. #business. #billionaires. #facts