The growth in the small business arena also is reflected in a spate of new businesses such as car care, spas, cosmetology and special service areas. This suggests that Americans as individuals also are moving beyond the recession mode and spending more for non-essentials. As the general economy becomes more robust, the money is spreading further, small businesses report. A quickly-recovering construction industry and increased consumer spending also are fuel for the increased hiring in the small business sector.
The recovery of the real estate market in south Florida, for example, allowed Tadd Schwartz to add five members to the staff of his public relations firm in the past year. The company’s revenue is up 16 percent in 2014 and he is now able to “hit the ground running” when a new client shows up.
A sharp increase in orders also prompted Brad Barrett, owner of Grill Grate to look for new employees. Barrett and his wife spent the post-Fourth of July Monday filling more than 500 orders for their product, which is a raised grilling surface for backyard grills. Obviously, it was time to take on more help. They expected to add two workers to their Cartersville, Ga., company shortly. The Barretts expect a 40 percent growth in revenue this year.
The surge in small business hiring also has a ripple effect. New employees need computers and supplies. Companies that had put off upgrades in their equipment and inventories are spending to get back on track.