A few tips for small businesses to stay afloat

Published: May. 13, 2018 at 7:11 PM MDT
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National Small Business Week is over, but these small companies are still doing big things.

We spoke with the U.S. Small Business Administration about how small businesses can stay ahead of big box stores.

Today South Dakota small businesses employ more than 200,000 people, making up roughly 60 percent of the private workforce.

Some experts say it's worth it to pay a little more for a qualified, efficient employee than pay less for an under-qualified worker.

John Brown says the great thing about owning a small business is you can move quickly and adapt to your customer in a way that large enterprises can't do.

"What small business is truly all about is finding a niche and filling it. That niche is what defines your business. That niche is what sets you apart and that's why your customers will come back," John L. Brown II said, District Director, U.S. Small Business Administration.

Brown says you don't need to know everything to get started in business.

The administration has plenty of resources to help you launch your small business including the South Dakota Center for Enterprise Opportunity, the Small Business Development Center, and SCORE.

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