Big Tips for Small Businesses

(NAPSI)—Small businesses are the backbone of our society and play a critical role in our economy. According to the U.S. Small Business Association, firms of 500 employees or fewer make up 99.9% of all U.S. businesses, equating to 61.7 million workers. Small business workers contribute 43.5% of the gross domestic product in the U.S. annually. Small businesses also face unique challenges. Entrepreneurs, owners and their employees typically wear so many hats that it can be difficult to stay updated on business and consumer trends. But help is available. Stakeholders can overcome obstacles by taking the following steps: Network, Network, Network–Seek out like-minded individuals and companies within your industry or community to network, share ideas and look at challenges from a different perspective. This could also include joining a trade organization, subscribing to publications…