I am not an economist but it seems to me that small business is important to the ecomomy. A small business can often offer goods and services cheaper than a big company and so when a consumer needs something and needs the best price for the good or service the small business will usually get the job. I have sons in college soon to enter the job market and they might get a job at a big company but it is more likely that they will need to get some experience at a smaller company before becoming CEO of a big one.
I kind of hope they will consider starting a small business. If a small business fails when you are young there is much to be learned and plenty of time to move on with a career with some practical knowledge of how a business works. With a big company if you lose your job when you are older like my dad did when the Phantom jet program ended and he was laid off at McDonald Aircraft it is much harder to find a job that continues to advance your career.
One of the major enemies of small business today is the banking industry. If you have lots of money they are willing to make loans but if not you have to look elsewhere. Penalty fees are easier money.
This week and the next I am volunteering at the Joni and Friends family retreat. I have been doing this for many. years now and being in business for myself allows me this flexibility. It is a wonderful ministry to families effected by disability and I am motivated to work in a small business in order for this ministry to be possible. Large corporations need workers too and some enjoy climbing the corporate ladder but I prefer to build a new ladder.
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