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For over 50 years, the U.S. Small Business Administration (SBA) has organized and hosted National Small Business Week (NSBW) during the first week of May. NSBW recognizes and emphasizes the importance of small businesses in the United States and their contributions to its economic well-being, with 32.5 million small businesses employing 61.2 million U.S. employees in 2021.
Katie Galan with the Better Business Bureau says, “Small businesses make up 99.8% of Texas businesses and employ 45% of the Texas workforce.”
Galan says, They are a key component in the strength of the Texas economy, and the pandemic continues to take a heavy toll on their operations.
Unfortunately, small business owners often must overcome multiple challenges for continued success and longevity. According to the Bureau of Labor Statistic’s Business Employment Dynamics, the survival rate of small businesses fluctuates…