Businesses are extremely far important to this country! Because of businesses, we are able to find goods and services. Because of businesses, we are able to find a job opportunity! I am not willing to sit around and watch businesses go under because they cannot afford to keep their doors open any longer. Businesses are a way of life. Small businesses are the lifeblood of the U.S. economy. They create two-thirds of the net new jobs and drive U.S. innovation and competitiveness. Normal small business GDP measured $5.9 trillion in 2014, the most recent year of which small business GDP data are available. The three largest small business sectors contributing to it were (10 the real estate and rental and leasing industry; (2) wholesale and retail trade; and (3) the manufacturing and mining sector.
"Small, locally owned businesses and startups tend to generate higher incomes for people in a community than big, non-local firms, which can actually depress local economies" said Stephan Goetz.
Small businesses and startups have provided more than just a job for community members. They also can improve innovation and productivity and use other businesses in community such as accounting and wholesalers, while larger businesses develop their own infrastructure.
Corporate social responsibility is a big issue in the current climate, with consumers always expecting businesses to do more and help others while also providing the best products and services. People are placing an increasingly great importance on doing things to support the community and want to see that the companies they use are doing their bit. Fortunately, there are many things all firms can do to keep their customers happy and aid the local area.
Keep small businesses growing locally. And make sure they have the funds to do so.
Keeping our businesses safe. Businesses are what keeps this economy growing.
Create more local jobs in our communities.
Making decisions through data analytics. Allowing for better planning and insight based.
Keep Small Businesses Growing Locally
Right now, we see a lot of small businesses who does not make enough funds in order to keep their doors open. We need to make sure that they do have the funds so that they can keep their business open. Small businesses are a way for them to serve the economy in a way that keeps us going back and for them to grow their business. What would our communities look like if we had no small businesses? Take a moment to imagine. There would be no way. Small business owners are trying so hard to keep their doors open to the public during this pandemic. We need to give them the funds to help them as they help our communities.
Keeping our Businesses safe
Businesses are what keeps this economy growing. We need to protect the businesses during this pandemic as we have lost so many small businesses due to the business owner not making any profit to pay their employees and have to lay off so many people that they cannot afford to keep their business going. We found that businesses mainly those small businesses, regardless of location, have reported that acute economic hardship, with many retirement accounts, and personal assets to cover their operating costs through the crisis. Small businesses in commercial corridors have benefited from their physical locations to largely the same extent, with small businesses for those in rural commercial corridors and Main Streets more often leveraging place to attract customers visiting other attractions in the area. We need to protect and keep our businesses safe and keep their doors open.
Create More Local Jobs in our Communities
The goal of all job creation strategies is to stimulate healthy economic growth. Jobs do much more than provide income, serves and goods. They allow for families better access to amenities like safe water and reliable energy, which in turn free up time and money and improve health and education. Businesses benefits from investing in job creation as well.
Increasing employee earnings leads to a higher rate of consumer spending, which benefits other business who depend on consumer sales to stay open and pay vendors. Funding local areas to those who are wanting to start their business will be able to. Putting money directly into our hands, will not only create more jobs but will also create trust, economic growth, and maintain hope and satisfaction.
Making Decisions Through Data Analytics
"Artificial intelligence (AI) faced a much more challenging task. Work on AI was initiated in the 1950s, but to date it has been crowned with any spectacular success. It was then a lesson in humility for the academic environment and proved how complex and refined human intelligence is. Nevertheless, thanks to those attempts numerous algorithms for supporting real decision-making process were worked out that go far beyond the capabilities of decision support systems." according to Jerzy Surma.
Analytics allows for better planning and insight based on the patterns of their customers. Companies that fully utilize their customer behaviors to make decisions outperform their competition by a whopping 85%! Those same businesses also experienced an increase of 25% in their profits.
With all of that in mind, we can keep making these decisions through Data Analytics, and this is what will help businesses. AI will come and may be sooner than later. Robots will replace working people and so many will lose their jobs in the coming years. We need to put a plan in place that will put money directly into the hands of the american people. As I adopt proposal of Universal Basic Income, this will do just that. We can all come together and keep fighting for a UBI. Together is a powerful decision making. We can let our voices be heard and fight for the right of justice for all.