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Taking technology to the grassroots of economies
WHY GOVERNMENTS SHOULD INVEST IN SMALL BUSINESSES
68% of revenue generated by small businesses stay within their local economy, compared to 48% generated by large businesses. By investing in their small businesses, governments are contributing to their GDP growth.
98% of employer businesses in Canada are small businesses. In the U.S. 66% of the employment growth in the past 25 years were attributed to small businesses.
50% of small businesses fail after 5 years.
One of the most prominent causes for failure is the lack of business acumen. Governments can decrease the rate at which their local businesses close down by investing in business management consulting services tailored for small businesses. Click here for more information on the services for small businesses SCALEDai offers.
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