I think by now everyone knows that for our economy to properly recover and to get job growth really cooking again, we need to start focusing on small business. You see, even though corporations when they do hire, hire people by the hundreds, it is the small companies that hire the most number of people. Some might contend that those jobs are not as good as corporate jobs because they may not come with all the benefits, but if you need a job, and the economy is good, a small business will be glad to have you. Okay so let’s talk about this for second shall we?
Now then, exactly how might we do more to help the situation? Indeed, I don’t believe that offering more small business loans or throwing a bone here and there for smaller companies in government contracting is the answer, oh sure that’s nice, but it’s only a drop in the bucker of what we really need to do. You see, that only helps a limited number of companies, and the vast number of smaller firms out there is astronomical. For instance, prior to retirement I was in the car washing industry, and there was an estimated 96,000 of them in the United States.
We hear a lot of talk from venture capitalists that they need less regulation so they can move new innovations forward faster. That may be so, although new innovation in the marketplace is also somewhat disruptive. However, let’s say for instance that someone developed an easier way to wash cars, a new piece of equipment for a carwash for instance. Well, if that existed then all those 96,000 carwashes would want one, and they would get a faster return on their investments by becoming more efficient, making more money, and therefore, they would hire more people. At least in theory that’s how it works right?
I mean we really are talking about free-market economics here. We need more ways to promote and highlight the smaller companies, innovators, inventors, and entrepreneurs that come out with better ways to become more efficient. We have seen some interesting TV shows where they award the best innovator or the best invention with a prize at the end of the show. Those are quite good, but they can only help out perhaps 10 or 20 new inventions or innovations each show. What might be better is to have radio shows highlighting small business innovations.
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