National Small Business Week is now officially under way, and is a time when consumers and entrepreneurs alike can celebrate the ways in which independent companies help to drive the whole country forward. To that end, the Obama administration and U.S. Small Business Administration recently announced a number of events throughout the week that are designed to help owners improve their firms.
As part of the annual event, the SBA is set to host events in major cities around the country – like San Francisco, Kansas City, Boston, and Washington, D.C. – throughout the week as well as hold online events, according to a report from the agency. Today, companies of this size generate about two-thirds of all U.S. jobs, and there are more than 28 million such businesses in operation, making it even more important for the government to do all in its power to help such enterprises succeed.
“Today marks the beginning of National Small Business Week, a time to highlight the crucial role that America’s small businesses play in our economy,” said President Barack Obama. “Employing millions of Americans and creating nearly two out of three new jobs, America’s small businesses are the backbone of our economy. More than that, our small businesses represent what is best about America – that with hard work and ingenuity, anyone – no matter their background – can build a better future for themselves and their families.”
What else is happening?
In addition, the government is also working with Twitter and Microsoft to host events that highlight the ways in which technology in particular can help companies succeed these days, the report said. This may be particularly important because it’s often startups, and not major established companies, that are driving innovation forward in this field in particular. These have also generally made it more affordable for companies to grow themselves, such as by reducing costs for advertisements.
Companies that want to best position themselves for success may consider the ways in which reducing their overall expenses to improve their bottom lines. This might include taking the time to find more affordable small business insurance coverage, which is a necessity for many companies but not always found cheaply. If they can reduce costs for general liability insurance, for instance, they might be able to save themselves thousand of dollars per year.