Blog Post: Looking for opportunity? Look to small business.

As the general economy struggles, small business rides to the rescue once again. 

According to last weeks ADP Employment Report, employment in the private sector rose by 9,000 jobs across the country from June to July, sparked by an increase of 50,000 jobs among small businesses. By contrast, large businesses shed 32,000 positions, according to the ADP National Employment Report released last week.

"July's growth in employment is consistent with the gains seen among small-size businesses during most of the recent months," said Joel Prakken, chairman of Macroeconomic Advisers, LLC, which partners with Roseland-based Automatic Data Processing, Inc., to publish the monthly report. "These figures continue to offer evidence of the resiliency small-size businesses have demonstrated over the past several years when compared to the job losses experienced at larger firms."

Here in AZ, the hardest hit sectors of the economy continue to be residential construction and financial activities related to home sales and mortgage lending. But other sectors are continuing to grow. And more often than not, the growth is being fueled by small, nimble businesses that are responding quickly to changes and finding opportunities even in this challenging climate.

So if you are looking for answers to how we will work our way out of the current down turn - or where your next great opportunity lies - think small - small business that is.