Entrepreneurship

2018 Year in Review

We are proud of our work this year serving small businesses and independent entrepreneurs. As we prepare to expand this work in 2019, we’re taking time to reflect on our successes over the last year. 

This was certainly a year of expansion for Small Business Majority. We worked hard to bring new resources to underserved communities and supported new policies that will benefit small business owners. Here are six of our biggest accomplishments in 2018: 

Are you ready for Small Business Saturday?

This Saturday, November 24, is Small Business Saturday! It’s a great occasion to kick off your holiday marketing and get customers in the door. While small businesses may not have access to expensive marketing gimmicks, you can make up for it in creativity and excellent customer service, and utilize the many resources available to small business owners.

Small business credit still a problem: Expanding credit union member lending authority a much-needed first step

American small businesses create 65 percent of all net new jobs and employ roughly half of all workers in the private sector. According to the Kauffman Foundation, businesses founded between 1970 and 2000 (some of which grew into large businesses during those years) provided all net private sector job growth during that timeframe.

Opinion Poll: Millennials Identify Student Debt, Retirement Savings as Barriers to Entrepreneurship

Scientific opinion polling found the majority of millennials who own a business or would like to start one at some point say student debt and a lack of retirement savings plan are barriers to entrepreneurship.

In every aspect of building a thriving society and economy—from addressing long-term unemployment to providing high quality jobs—American entrepreneurship represents a pathway to success, particularly among young Americans who struggled to get their foot in the door during the Great Recession...

Opinion Poll: The Role of Micro Businesses in Our Economy

Small businesses are one of the most respected constituencies in the country, and certainly one of the most courted by policymakers in Washington. However, small businesses are also a group that legislators and the general public understand little about—the very smallest ones, especially. Those businesses are known as “micro businesses.”

Colorado Small Businesses Strongly Oppose Raising Loan Interest Rates

Colorado small business owners soundly reject efforts to increase the interest rates lenders can charge on certain consumer loans, and the results of a new Small Business Majority poll of state small business owners strongly suggest state legislators who support such increases would pay the price at the election booth. According to the scientific poll, an overwhelming 90% oppose allowing lenders to increase the interest they can charge on a $3,000 consumer loan from 28% a year to 30% a year and allow increases based on inflation for each subsequent year.

Rise of the Freelance Economy

Entrepreneurs create more jobs than any other sector of the economy, and they are in the vanguard of an evolving 21st century economy that is shaping America’s new employment landscape—one where brick-and-mortar storefronts are being replaced by online retailers, and freelancers and contractors are the new version of the 9-to-5 office worker. 

This paper examines the impact of freelancers on the economy, how emerging technologies are paving the way for more people to work for themselves and how the U.S. can update broadband policies that address the needs of this new workforce.