Why Do Small Businesses Hire?
(By Mike Kappel, Serial Entrepreneur)
My credentials for answering this question:
I have been in business for more than 25 years. I have started, and own, 5 successful small businesses. Four of them are employment-related businesses. I employ 60 full-time employees directly in my businesses, and I also employ over 300 contract staffing employees in over 40 states. With that said, I can confidently state that I know why small businesses hire, and why they don’t hire.
A Few Facts:
- Watch the 4-minute video for the 3 threats facing small businesses in 2012.
- In our free enterprise system, there are 27.9 million small businesses.
- Almost half of the US workforce works for a small business.
- The Small Business Administration (SBA) says 60-80% of new hiring comes from small businesses.
- Small business is the backbone of our nation!
The USA workforce wants more jobs...
- To have more jobs...
- we need more small businesses.
- To have more small businesses...
- we need more entrepreneurs willing to take risks.
- To have more entrepreneurs willing to take risks... We must do 5 things:
- reduce taxes on small businesses.
- reduce Obamacare costs, mandates, and penalties.
- reduce unnecessary government regulations.
- reduce our national debt, which scares small business owners!
- promote capitalism, free enterprise, and entrepreneurial values.
- If we do these 5 things, entrepreneurs will evaluate the risks versus rewards of hiring. And they will...
- have more money and confidence to try things.
- create millions of new jobs!
- And millions of new jobs means billions of new payroll-tax dollars that will...
- fund our government and pay down our debt.
- increase consumer confidence.
- increase small-business-owner confidence.
- Which means even more new jobs... It’s that simple!
How can you make these 5 things happen?
Now it is your turn! Please comment with your stories, insights, and suggestions. We’d love to hear from you . . . And if you found this information useful, please tweet, like or share!