Hey there, fellow entrepreneurs! I've got some exciting news to share with you today. Amazon Business just launched their second annual Small Business Month, and they're doing it in a big way! They're offering the 2023 Small Business Grants to support and encourage small businesses that are making a positive impact in their communities. And who doesn't love some innovation, am I right?
But here's the real kicker: a recent poll by Amazon Business revealed that despite the economic challenges that small businesses face, small-business decision-makers are optimistic and resilient. In fact, 55% of respondents expressed more hope for their business’s success than they did a year ago. Talk about determination!
The poll also identified some key challenges that small businesses face, including high inflation, economic recession, and supply chain disruptions. But don't worry, it's not all bad news. To drive future growth, small businesses are focusing on streamlining their purchasing processes and reducing costs. In fact, 91% of respondents identified the ability to find affordable items, 88% emphasized ease of locating items, and 90% highlighted the convenience of purchasing as key factors in long-term growth.
"Hurry! Deadline to apply is May 21, 2023"
And that's where Amazon Business comes in! They're offering small businesses the selection and convenience of Amazon, along with tools to help them make informed buying decisions, automate procurement, and save money through business pricing. And if that's not enough, they're also introducing the Small Business Grants program, offering over $250,000 in grants to eligible small businesses in the U.S. with annual revenues of $1 million or less.
As a Business Coach, I love seeing big companies like Amazon Business supporting small businesses and fostering innovation. And for minority entrepreneurs, especially those who face additional challenges, this kind of support can be even more impactful. So, if you're a small business owner looking to take your business to the next level, don't hesitate to check out Amazon Business and apply for their Small Business Grants program. The deadline for applications is May 21, so get moving!
Until next time, visit the ECS Online Store for more business guides and resources for small business owners and budding entrepreneurs. Also, consider joining the ECS Business Mentoring Group where we bring together entrepreneurs from various stages of their business journey to network, share their experiences, and help each other grow.
Your future starts here.