"As a former small business owner, I recognize both the important role small businesses play in our economy and the broad universe of challenges that small business owners face in trying to make ends meet"
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In the quote by Sue Kelly, the speaker highlights the dual viewpoint she holds as a previous small business owner-- getting insight into both the significance and battles of small businesses within the broader economic landscape.
Firstly, Kelly acknowledges the "essential function" that small companies play in the economy. This recognition suggests that small companies are essential for financial development and stability. They are frequently viewed as the backbone of regional economies, providing jobs, fostering development, and adding to the diversity of the market. Their existence stimulates financial activity and can lead to the revitalization of communities, making them a necessary part of a healthy financial community.
However, Kelly also highlights the "broad universe of challenges" small business owners face. This phrase suggests a vast and complex range of problems that these business owners must navigate. Small business owners often grapple with monetary restraints, such as accessing capital and managing cash flow. Additionally, they face competitive pressures from bigger business, which may have more resources and infrastructure. Regulative compliance, tax commitments, and the fast rate of technological change are extra hurdles that can strain the limited resources of small companies.
By pointing out "attempting to make ends meet", Kelly highlights the vulnerability and strength of small business owners who frequently run with thin margins and limited safety nets. The expression communicates a battle for survival and stability in a competitive market, where external factors such as economic recessions or shifts in customer behavior can have disproportionate effect on little enterprises compared to their bigger equivalents.
In conclusion, Sue Kelly's quote encapsulates a nuanced understanding of small companies-- as essential yet susceptible entities within the economy. Her point of view as a former small business owner enriches her insight into both the vital contributions these businesses make and the powerful obstacles they endure.
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