Today is Small Business Saturday. An American shopping holiday created by American Express that was first celebrated on November 27, 2010 and it is a counterpart to Black Friday and Cyber Monday, which feature big box retailers and e-commerce stores respectfully. The idea being, that by contrast, holiday shoppers are encouraged to patronize brick and mortar businesses that are both small and local.
Small business is an important cog in the economy and Florida Leisure Vacation Homes is proud to be classed as a small business that helps families enjoy great vacations in Orlando.
In the US, small business (less than 500 employees) accounts for around half the GDP and more than half the employment. Regarding small business, the top job provider is those with fewer than 10 employees and those with 10 or more but fewer than 20 employees come in as the second, and those with 20 or more but fewer than 100 employees come in as the third. The most recent data shows firms with less than 20 employees account for slightly more than 18% of the employment and according to “The Family Business Review,” there are approximately 17 million sole-proprietorships in the US. It can be argued that a sole-proprietorship (an unincorporated business owned by a single person) is a type of family business” and “there are 22 million small businesses in the US and approximately 14,000 big businesses.” Also, it has been found that small businesses created the most new jobs in communities.
We’re proud to be classed as a small business as small business is very often able to deliver a better product, service and experience to the customer. Small business is more flexible and can bring new ideas to the table far quicker than it’s cumbersome counterpart, big business… and we only have to look at the role big business has played in the current economy to know that big isn’t better.
To all small businesses around the country, we salute you.