By Sonny O’Steen

Atlanta, GA

Americans spend much of their time watching the news about large corporations and how their decisions may affect the local economy. Make no mistake about it, the small business holds the power to the livelihoods of millions of American households. Over 20 million Americans are employed by businesses with less than 20 employees, which is quite a lot of workers. Also, small businesses generate over 11 trillion dollars a year in receipts. They produce more than 13 times more patents per employee than large corporations! That is very significant.

Needless to say, if small business owners are unrestrained, they will continue year after year adding more to the American economy than ever before. Unfortunately in today’s economy, regulation and taxes present a considerable amount of roadblocks to small business owners.

Left to their entrepreneurial spirit, the small business owner will seek to find ways to improve receipts for their business. The more receipts, the more employees and the better the unemployment numbers will look quarterly for the nation as a whole.

The power of progress rests in the hands of small business owners, not large corporations. The patent count verifies that with certainty. No other environment fosters creativity like the small business environment. Large corporations are prone to stifle creativity as their board members look to the immediate bottom line rather than the future of the company they oversee. Government economists look to the large companies to drive the economy when in fact, the small businesses can accomplish this by delivering more tax revenue because of fewer tax loopholes. If you are a small business  owner, the power of progress holds clear implications for where to focus your efforts. It suggests that you have more influence as a manager than you may realize over your employees’ well being, motivation and creative output. Knowing what serves to motivate and nourish progress – and what does the opposite – turns out to be the key to effectively managing people and their output. The small business owner champions this output and creativity every day they unlock the door.