Every year, thousands of fresh graduates from different universities go out of their parent’s threshold and look for a better future; for a better job. That’s what the usual orientation they get from their parents and also from school. They want to make a difference in their lives. Be the best they can be.

President Bush, who rarely sings the praises of big business in his speeches and public appearances, waxes positively poetic in his frequent meetings with small-business owners said. “You’re welcome to the American Dream, no matter whom you are or where you’re from.” He also said that the people are going to be able to find work because the small business owners of America are risk takers, bold thinkers and love their country, and is also willing to expand the job base.

Small medium business comprises a lot in the economy today. They make up most of the business sector today. It’s the accepted wisdom of recent economic policy that small business is the engine room of employment growth - nine out of every ten new jobs are created by small business. Employment has soared up because of the many businesses that have sprung up. The forecast was entrepreneurs seen as driving
the new employment growth.

Technically small medium business provides virtually all of the net new jobs added to the economy. They represent 99.7 percent of all employers. They employ 53 percent of the private work force. They employ 38 percent of the private workers in high-tech occupations. Plus they provide 47 percent of all sales in the country; provide 55 percent of innovations. Mostly are home-based 53 percent of the times and are franchises 3 percent of the time. And lastly, they represent 96 percent of all US exporters.

Another respectable advantage for a small medium business is that it is slower to lay off in times of uncertainty. Big companies are the first to cut in the wake of economic crisis. In small companies, everybody works together where the vision, integrity, and passion of the owner creates a positive, warm culture for employees.

What’s more, the results of an employee’s work can be felt immediately. This quick feedback mechanism creates stronger employer-employee relationship and mentoring. Everyone knows and needs the full talents and contributions of each employee to succeed.

Small businesses should not be intimated by hiring top talent. In the wake of 9/11, more and more employees are looking for meaningful work that a small company can provide. And even if a small business can only pay half the salary, money is less important than an individual’s values. Small business can win the talent game this time around.

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Tags: credit card, credit cards, small and medium business credit cards, small business, small business credit card, smb

This entry was posted on Tuesday, July 8th, 2008 at 6:49 pm and is filed under Business Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.