The American economy runs on small businesses.
With 99.9 percent of all US businesses qualifying as small, 90% or more of the total business population being comprised of small businesses, and SMBs creating millions of new jobs annually.. it’s safe to say that your local entrepreneurs are major drivers for global economic growth patterns.
Small Businesses are sustainable creators within their communities.
They enable economic interdependence and limit outsourcing.
They make use of local resources, which reduces the carbon footprint that mass manufacturing and shipping create.
Additionally, small businesses have a far greater potential for bringing positive social change. Mom-and-pop shops tend to reflect and relate to the local community, or a niche population which might otherwise be underserved.
Despite the economic reliance on their enterprises, business owners still get the short end of the stick in many regards. One major issue owners face today is retirement planning. While an employee knows what is in their 401k long before they withdraw from it, 98% of business owners do not know what their business is worth even though most plan to fund their retirement through that asset.
BizEquity believes that the value of a family business should be at the center of any financial planning conversation. Through the BizEquity platform, financial professionals are able to run ongoing valuations for their clients, and advise business owners according to real data.
We are thrilled to celebrate all of the entrepreneurs and financial professionals critical to the growth and success of our world market. Share how you support local enterprises with us on LinkedIn, Instagram, or Twitter.