Small businesses are leading the way to revitalize America. According to the U.S. Small Business Administration’s August 2017 Small Business Quarterly Bulletin, they’ve created two out of every three net new jobs since 2014. But small businesses can’t do their important work without the support of the community they call home.
Small business success has been essential to community growth. It’s important to not take one’s eye off building small and mid-size companies, and we are so grateful to the many others who have shared ideas with us and risked their futures to help grow their own company and grow our economy. The most valuable of all are the companies that call this area home, yet they bring in their revenues from outside our area. It’s not just moving money around, but instead a true influx of capital into our economy.
Bottom line is, strong communities are good for business.
So, what do small businesses need to thrive? Here are 10 things that must happen to create a great small business community.
Communities can strive to create good environments for small business. We in Pensacola have learned from others — and we are still learning — and we hope we can help others as we have been helped. We find that all towns and cities want the same thing: to become a great place for people to live and visit. We are all on the same journey to make people’s lives better.
Quint Studer is the founder of the Studer Community Institute and a successful business leader, speaker and author. He is also the entrepreneur in residence at the University of West Florida.
Have a question?Are you facing a small business or workplace challenge? Quint Studer can help. Email your questions to firstname.lastname@example.org, and it could be the topic for one of Studer's upcoming PNJ columns.
Catch up on my current posts along with industry articles