At Capstone M&A, we understand that small businesses are the backbone of our economy and the heart of our communities. Their hard work, innovation, and dedication inspire us every day.
As the holiday shopping season kicks into high gear, it's easy to be dazzled by massive sales and two-day shipping promises from big-name retailers. But there’s a quieter, more impactful movement happening in our communities: Small Business Saturday. Celebrated the Saturday after Thanksgiving, this day serves as a reminder of the immense value small businesses bring to our lives and our economy.
Small businesses are far more than charming boutiques or cozy coffee shops. They’re the driving force behind America’s economy, comprising 99.9% of all businesses in the U.S., according to the U.S. Small Business Administration (SBA). With over 33.2 million small businesses in the country, these enterprises collectively employ nearly 47.3% of the private workforce, or about 61 million people. But it’s not just the number of jobs they create that makes small businesses invaluable; it’s their role as job creation leaders. Over the past 25 years, small businesses have been responsible for 63% of new job opportunities, proving their resilience and adaptability even during economic challenges.
The economic impact of small businesses extends beyond the storefront. When you shop local, every dollar spent generates a ripple effect. Studies show that for every dollar spent at a small business, an average of 68 cents stays in the local economy. This contrasts sharply with the 43 cents retained when shopping at larger corporations. Local businesses often source goods and services from nearby suppliers, partner with community organizations, and reinvest in their neighborhoods. By supporting them, you’re not just purchasing a product—you’re nurturing the community.
Small businesses are hubs of innovation. They represent 16% of patents per employee in high-tech industries, underscoring their ability to adapt and thrive in rapidly evolving markets. Their creativity, coupled with their deep connection to customers, allows them to provide personalized experiences that large retailers often can’t match.
Behind every small business is a story—a dream brought to life through hard work and determination. Whether it’s a family-owned bakery that’s been a cornerstone of the community for generations or a first-time entrepreneur launching an eco-friendly product line, small businesses are powered by passion.
How You Can Make a Difference?
Supporting small businesses is easier than you might think. This Small Business Saturday, consider exploring a local bookstore, dining at a neighborhood café, or purchasing handmade gifts from local artisans. Share your favorite small businesses on social media to amplify their reach.
By choosing small, you’re making a big impact—fueling dreams, creating jobs, and strengthening communities.
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