Four Actions Entrepreneurs Must Take to Address the Immigration Crisis
The American entrepreneurial spirit has always been measured by our tendency to start and grow businesses. Our companies range from solo-preneurships, mom-and-pop shops, and employer businesses that contribute substantially to regional economies, to global enterprises that employ people around the world. Within all that diversity of size, small businesses are the backbone of America’s economy. To scale up, all businesses find ways to cut costs, increase money on hand, and maximize profit. One of the ways small businesses manage costs and scale is by contributing to the jobs magnet for illegal aliens and/or participating in ongoing exploitation of various work visas for immigrants.
What Comes First, Workers or the Revenue?
Small businesses employ about half of workers in the private (non-government) sector. Without small businesses, unemployment would skyrocket. So, we should hope that Americans continue to grow businesses above the level of owning a job to becoming employer-businesses with a workforce beyond the owner or immediate family.
Most small businesses are short on money and thus short on employees. And others are short on money because they don’t have employees.
According to NerdWallet, 82% of businesses that failed didn’t have enough cash to stay afloat. And we know in business one has to spend money to make money, or so the saying goes.
Ironically, businesses with employees tend to earn more revenue and grow their market share.
Yet, it should come as no surprise that, in December 2022, Forbes reported that well over 80% of small businesses have no employees. There are many reasons for this, including the fact that even business owners with a customer base are hesitant to take on the costs and anxieties of hiring employees. And with that fear, businesses of all sizes and industries rely upon “independent contractors” and migrant labor (legal and illegal).
And this is no small problem.
How Small is “Small?”
According to the United States Small Business Administration (SBA), there are…