Small and medium size businesses offer more jobs than the large companies. Small businesses employ more people than the large corporations and are vital for the strength and growth of local economies. While they often start as one person’s idea, small companies are more flexible, adaptable, and customer-oriented. They serve niche and specialized sectors and are the economic engine of local communities. Small businesses are a dynamic and essential component of our economy, contributing to economic health, job creation, innovation, and welfare. They offer services to customers and large businesses and meet local needs. There are small businesses in the retail, construction, manufacturing, real estate, wholesale, and other sectors. They are the backbone of communities’ economic systems and offer new solutions to local problems. Small companies are quick to respond to challenges and problems, whether small or a full-blown global financial crisis.
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