- Small businesses, if not undercut by large businesses, can be a huge part of the economy. A retail small business can benefit by specializing in a certain type of product, as opposed to trying to carry many different products, because it can't compete with the prices of large stores.
- Small businesses can be anything from a local car repair shop to a small retail establishment offering specialty American-made items or handmade items. It can also include local restaurants, independent gas stations and convenience stores, laundromats, car washes and medical service providers.
- Small businesses are located throughout the world. There is no limitation on what can be considered a small business, and a small business can operate anywhere there is a market for its services or products.
- Small businesses cater to their customers more than a large company can. Often, the owner works in the business, and is on a first-name basis with many of his customers. Prices at small businesses may be a bit higher than at a large store, but products and services, which are not offered in bulk, generally tend to be higher in quality.
- Small businesses bring jobs to the local economy. While one small business may only hire one to ten people, many small businesses in an area provide quite a number of jobs, thereby strengthening the economy for the local area. If the general population visits small businesses, it keeps money in the local area, giving the area a higher economical status.
