A Matter of Momentum
Dec 7th, 2009 | By Dawn Rivers Baker | Category: Policy MattersYou probably can’t tell from reading this column regularly but I am an optimist by nature.
So, in spite of all the complaining I am wont to do, I have noticed some very promising changes that have been slowly taking place in Small Business Washington.
I have noticed, for example, changes in language.
Ten years ago, when I first got started, nobody was talking about microbusinesses. Now, everybody is talking about them — or at least giving them a mention or two.
You can tell from listening to those mentions that the mentioner probably has not yet grasped the implications, the what-does-it-mean, of microbusiness versus not-microbusinesses.
But that’s okay.
It took a decade just to get this far. It wouldn’t be reasonable to start looking for miracles now. Besides, at this point, history is on our side.
Looking at the business employment data this week, we saw that there are going to be a lot more microbusinesses when this recession is over. There will be the firms that have shrunk to micro size and that will probably stay micro sized for quite some time, thanks to massive productivity increases and this jobless recovery.
And there will be new firm launches that will come back up to their pre-recession levels, so that micro-employer job growth one more outpaces micro-employer job destruction.
Small business managers nationwide are going to suddenly have to learn how to run microbusinesses. Some of them won’t; they’ll work hard to grow their firms back to non-micro small business size.
But some will discover that they like running micro lean outfits.
All of which reduces this: now that we are at the point at which we can no longer ignore the existence of microbusinesses, we will soon reach the point at which we can no longer ignore their public policy needs, either.
That will, I hope, be a major feature of the Great Recovery from the Great Recession.
I can’t wait.