Bankruptcies are the highest they’ve been since 2001, a million people have lost their jobs, and small businesses got the stimulus package shaft. And that’s the good news.
It’s all good news, says Mark Deo, executive director of The Small Business Advisory Network and author of The Rules of Attraction: Fourteen Practical Rules to Help Get the Right Clients, Talent and Resources to Come to You!
Deo caught up with WebProNews during promotional rounds for his new book and explained how now is the time for small businesses to evolve or die. What seem like troubled times for small businesses may actually carry some golden opportunities, buried way down under a heap of yick.
Deo says that although small businesses generate over $6 trillion of annual revenue, constituting over half of the nation’s gross domestic product, just under two percent of the $789 billion stimulus package—about $16 billion—is specifically earmarked for small business. (Deo includes businesses with $50 million valuations as small businesses.)
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