As Steve Jobs famously said, “I’m convinced that what separates about half of the successful entrepreneurs from the non-successful ones is pure perseverance.”
Currently about 28 million small businesses exist in the US; of those, 23 million don’t actually have employees and are sole proprietorships, which range from consultants and IT specialists to bloggers and dog walkers. The next 4 million are commonly known as “Main Street entrepreneurs” – dry cleaners, bakeries, tire shops, and local gift stores that we walk past every day in our downtowns and that employ a significant portion of our workforce. Many of these exist largely to support families and don’t have plans to grow.
The remaining million small businesses are commercial and government supply chains, usually referred to as suppliers. They focus on growth, domestically or through exports, and have a higher level of sophistication and infrastructure than Main Street firms.
It may surprise you to learn that a small business is one with fewer than 500 employees. And many more run on fewer folks than that. It might also surprise you to find out that small businesses employ the greatest number of people in the U.S., compared to their enterprise counterparts (roughly 56.1 million, compared to 51.6 million, according to the U.S. Census Bureau.
We’re one of you, and know that running your small business isn’t really the easiest thing ever, but you keep doing it, just like why do.
Why? Because you love it, and there is joy in calling it your own and coming up with ideas on how to make it better and stronger as the years move along.
Entrepreneurial At Heart?
We talk with countless people who are stewing on the idea of their business, and while all that thinking is great, eventually it’s even better to move into action with those extra steps! Your small business dream is something you can work on in the wee hours of the morning, or during those short moments of time when you’re not at work or doing the other “adulting” things in your life. Record your ideas — as long as you’re making step towards that dream, don’t think there is ever a specific timeline for you to be ready to make it happen. Just keep working a bit at a time, and chip away at it regularly, and you’ll be there before you know it!
Small Business Resource List
What’s a small business without some solid resources? We’ve compiled this short list of some links and events that might fire you up and inspire you to move your idea from napkin to launch! If you’re in the Boulder area, you can even stop in at the SBDC and get even more help, one-to-one…for FREE.
- Strong Brewed Business Insight – Our small business interview series
- State of Small Business – A comprehensive e-book for Small Business Week
- Small Business Administration – FAQ’s about small business
- Small Business Development Center – Colorado – Training, consulting and tons of free resources
- Small Business Week – SBA Site – Live discussions, training videos and a more
- Colorado Business and Economic Information – Data, publications and portals to all things Colorado small business
- Boulder Startup Week – Their words: As the original Startup Week we set the tone for how startup communities come together to build the next great thing
- Longmont Startup Week – Their words: a seven-day extravaganza of stories of startup struggles and successes, entrepreneurs forging ideas into reality, outstanding learning and networking opportunities and FUN!
- Denver Startup Week – Their words: Denver Startup Week is where every member of that team can come to learn, grow, and be ready to take on the next challenge.
Happy Small Business Week to You!
Join us in celebrating the hard work, sweat, and tears that make the journey of the entrepreneur one worth traveling. We’ve compiled a short list of resources you should really check out. You can also take a look back at the many interviews we’ve done with local Colorado businesses and soak up some of their small business wisdom. If you ever want to talk shop and share your stories in the trenches, get in touch with us, and we can potentially interview your business and put you in a future feature.
Until next time, keep moving your feet and building your dream, no matter the size or your end goals. #smallbusinessweek #dreamsmallbiz