People mistakenly believe that big business is the engine of the economy. However, small businesses have also created over 65% of net new jobs over the past two decades and are known as the backbone of any country's economy.
The Small Business Administration defines a small business as any business with 500 or fewer employees. Over 28 million small businesses, 22 million are self-employed. These companies represent 50% of total companies and employ 120 million people: jobs in the private sector and not in agriculture.
Many small business associations ri consist of a partnership between government, private companies, educational institutions, professionals and other local non-profit organizations.
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The main objective of the associations is to help existing companies to develop locally, to develop in new markets and to remain competitive in an increasingly complex and evolving global market. Plus, they work with entrepreneurs and startups to help them realize the dream of owning a business.
Small business associations advocate for small businesses, helping them to grow, remain viable and remain competitive, especially in an environment that increasingly favors large businesses.
Many business owners may wonder why they should join a business organization, especially a local chamber of commerce or other groups. There are a variety of reasons why you should consider forming sites to form a local business coalition, as these organizations can provide you with a variety of unique opportunities and resources to support your efforts to grow your business.