Small Business, Big Impact

Small businesses have a big impact on the communities they serve.

But more than just bringing retail or services to an area, small businesses have an economic, community, and social standing that makes them more important than ever.


The Economic Impact


The vast majority of businesses in the US are small businesses. Because of this, small businesses drive job creation in ways that large businesses can’t. With a diverse range of small businesses, there are more jobs for local residents and to attract new people to an area. Local businesses also contribute to the tax infrastructure of their cities. These taxes fund schools, libraries, parks, and community centers.


Community Identity


Small businesses also contribute to their community identity. They do this first by creating distinct character and charm to help reflect the community’s history, values, and needs. Small businesses also engage with their communities by supporting schools, local charities, and other events. This can help create a sense of belonging and connection between business and community. Importantly, small businesses are also key innovators that are agile and adaptable. This type of entrepreneurial spirit helps keep communities alive economically and otherwise.


Social Connections


Small businesses provided a personal touch that the “big box” services do not. Local business owners can connect directly with their customers to create a sense of community and familiarity. Small businesses also work together to create a support network between other businesses that allow them to better serve their customers by knowing who to refer them to when they can’t provide a specific product or service.


Small Business Statistics


Need more proof that small business matters? Check out the stats.


  • There are more than 33 million small businesses in the US. This accounts for 99.9% of businesses.
  • 46.8% of all private sector jobs fall under the scope of small businesses.
  • Small businesses are responsible for more than 66% of new jobs in the last 30 years.


Are you ready to be a part of the community? Contact First Choice Business Brokers today to find out what small businesses are available in the Nashville area. You may be surprised at the opportunities that are out there. You don’t necessarily have to have experience in any particular business or industry, just a drive to succeed and a desire to bring something to your hometown that wasn’t already there.