Around the country, small business owners are struggling to find qualified employees. In fact, some 40% of American employers cite lack of skills as the No. 1 reason for entry-level job vacancies, especially among young job candidates. Meanwhile, the youth unemployment rate in our country remains considerably high after the aftermath of the Great Recession. Though some small businesses may want to help address this problem while identifying potential talent, they often don’t have the resources to sponsor an internship or mentoring program.
America is facing a crisis so serious that it has the potential to cripple an entire generation of would-be entrepreneurs. Thanks to student loans, a whopping $1.3 trillion in debt is burdening 44 million American adults of all ages—even senior citizens. In fact, U.S.
The skills gap is a significant hurdle to growth for most businesses in the United States. And while this gap is well documented in sectors like manufacturing, which had 353,000 open jobs per month on average in 2016 (through August), it is not as well known that small employers face a similar shortage of well-qualified workers.
Fresh Kutz opened its doors in North Hollywood in 2008 with the goal of offering all customers premium services by top-level barbers in a modern barbershop. Since its inception, owner Brian Portillo knew he would face several challenges as the community has a crime rate above the national average. Not only did he want to open his business in the community in which he grew up, but he wanted to create positive social impact while running his business.
What happens when you put more than 100 small business owners in a room together to discuss the biggest issues facing small businesses today? That’s what we found out during our inaugural Small Business Leadership Summit, a three-day event of education, collaboration and action that took place May 11-13 in our nation’s capitol.
In today’s digital age, it’s nearly unheard of to not have some sort of online presence, especially for businesses that frequently utilize the Internet to market to their customer base and sell their product. And yet, a vast 52% of small businesses do not have a website.
As we head into our 10-year anniversary, Small Business Majority is blazing trails like never before, and our team’s hard work is paying off in spades.
Some people are made to be leaders. At the tender age of 25, Ricardo Sibrian has bought into a restaurant franchise and now owns and operates it. He’s lighting his own torch, and looking to carry it forward like the true leader he is.
Sibrian’s Perkos Farm Fresh Café, located in Sacramento, CA, is an all-American diner experience. The man behind the restaurant is a millennial Hispanic entrepreneur, blazing a path toward conquering the restaurant world.
As we enjoy the hustle and bustle of the holiday season, here at Small Business Majority we’re celebrating a very successful 2014. And with a new Congress coming to Washington in January, we’re looking forward to continuing our efforts on the small business front in 2015. See below for some of our biggest accomplishments from the past year.
There are many complex policy issues that have a major impact on the small business community. Each week, we’re going to help break one of those issues down so small business owners can stay in the know and remain aware of their stake in these national issues. This week’s Issue Q&A is on youth unemployment.
Q: Why is youth unemployment a small business concern?