Good Morning.
I am a small business owner, a New Yorker, an entrepreneur, a daughter, a sister, and an advocate of others who wish to pursue their dreams. I am passionate about freedom, education and innovation; I am open minded and eager to hear about other people's experiences. My personal views on political issues are deeply rooted in my own personal experiences.
I have launched two businesses over the past seven years; however for the first five years I struggled. I am an educated and intelligent woman but found myself living hand to mouth -- even briefly taking food stamps to buy basic groceries. After year three, I was able to access capital at a reasonable cost and this allowed me to grow; after year six, I am finally seeing some success and I am able to support myself; after year seven I am thriving.
My companies have created jobs for more than 250 US workers and have generated more than $10 million of economic activity. I enjoy my work and find fulfillment in creating a positive impact. I work hard day in and day out to pursue my dreams and encourage others to do the same. I help other entrepreneurs without asking for anything in return because this is the right thing to do. I am not perfect, I have made mistakes, and I am among the ranks of millions of small business owners doing the same thing.
Here are some facts about small businesses. (Before we begin, note that the SBA generally defines small businesses as firms with less than 500 employees; however you can read more details about small business criteria here.)
Please let this sink in for a minute. Here are a few other facts.
- Small businesses in the US employees 58.9 million people, which makes up 47.5% of the country's total workforce.
- Small businesses create 1.5 million jobs annually and account for 64% of new jobs created in the United States(3).
Before COVID, it was challenging enough. Most small businesses fail; here are some stats. The primary reasons small businesses fail are cash flow and management / business planning challenges, the latter of which I believe is due to a lack of education. The SBA has amazing resources for small business owners, but small business owners often are not aware of these resources.
Back to politics. On a personal level, I find many individuals in politics distasteful -- on both sides. I also find many role models in our leadership on both sides. But, personalities are their business and not my business. If I could not find a way to work with people I did not like, I would be out of business.
All I ask is that everyone do a personal inventory of your motives for hate speech or rallying in an unsafe way - whichever side you are on. If you are doing this to fit in, for approval, to make yourself feel better or simply because you are bored, check yourself. Don't be afraid to speak about your experiences -- or to pursue your dreams.
Please, be safe, be grateful, and support a local business today.
Sincerely,
A young entrepreneur
Notes:
(1) Source: SBA https://advocacy.sba.gov/2019/01/30/small-businesses-generate-44-percent-of-u-s-economic-activity/
(2) Source: SBA https://www.sba.gov/sites/default/files/advocacy/2018-Small-Business-Profiles-US.pdf
(3) Source: SBA https://www.sba.gov/sites/default/files/FAQ_Sept_2012.pdf
(4) Source: Main Street America https://higherlogicdownload.s3.amazonaws.com/NMSC/390e0055-2395-4d3b-af60-81b53974430d/UploadedImages/Resource_Center/COVID_19/NMSC57_MSA_COVID19IMAPCTSURVEY_F.pdf