Path Home Shows 2011 Show Archive November 2011 Show 1145 Small Business - Small Businesses Taking Off

Small Business - Small Businesses Taking Off

With more Americans becoming entrepreneurs, Oklahoma is quickly becoming a hot spot for small business.
Small Business - Small Businesses Taking Off

Small business worker

For more information visit these links:

Oklahoma Department of Commerce
Oklahoma Small Business Administration

Show Dates

Show 1145: Small Business - Small Businesses Taking Off

Air date: November 6, 2011

 

Transcript

ROB MCCLENDON:  WELL WITH MORE AMERICANS BECOMING ENTREPRENEURS THAN ANY TIME IN THE PAST FIFTEEN YEARS, OKLAHOMA IS QUICKLY BECOMING A HOT SPOT FOR SMALL BUSINESS.  JOINING ME NOW IS OUR COURTENAY DEHOFF.

COURTENAY:  WELL OKLAHOMA ENTREPRENEURS ARE UNITING TO HELP ONE ANOTHER IN THE MIDST OF ONE OF THE WORST RECESSIONS OF ALL TIME.  THEY ARE HOPING THEIR SMALL BUSINESSES WILL GIVE A BIG PUNCH IN THE ECONOMY'S FAVOR.

COURTENAY:  THEY’RE THE BRICKS AND BLOCKS OF OUR ECONOMY, SCATTERED THROUGHOUT OKLAHOMA IN ALL SHAPES AND SIZES.  AND A GROUP OF LEADERS ARE TRYING TO UNLOCK THEIR POTENTIAL.

MIKE NEAL:  SMALL BUSINESS IS THE BACKBONE OF OUR STATE.  SMALL BUSINESS IS THE BACKBONE OF EVERY SINGLE COMMUNITY IN THIS REGION AND IN THIS STATE.

COURTENAY:  SMALL BUSINESS LEADERS GATHERED IN TULSA AT THE OKLAHOMA GOVERNOR’S CONFERENCE ON SMALL BUSINESS TO NETWORK AND IGNITE A SPARK AMONGST THEMSELVES TO HELP THEIR BUSINESSES GROW.  MIKE NEAL IS THE PRESIDENT OF TULSA’S CITY CHAMBER.

MIKE NEAL:  WE’RE FORTUNATE TO HAVE A VERY DIVERSE, A REALLY VERY STRONG SMALL BUSINESS COMMUNITY IN OKLAHOMA.  THE ECONOMIC IMPACT THAT SMALL BUSINESS HAS ON THIS STATE IS MIND BOGGLING.

COURTENAY:  SMALL BUSINESSES HAVE A TOTAL ECONOMIC IMPACT OF TWO-POINT-EIGHT BILLION DOLLARS IN THE OKLAHOMA ECONOMY.

MIKE NEAL:  NINETY TO NINETY-TWO PERCENT OF THE JOBS IN THIS COMMUNITY COME FROM SMALL BUSINESSES.  AND SO IT’S IMPORTANT THAT WE SUPPORT, AND THAT WE PROVIDE A NETWORK OF SUPPORT AND ASSISTANCE TO SMALL BUSINESSES SO THEY CAN CONTINUE TO GROW.

COURTENAY:  AND THAT IS EXACTLY WHAT THE CONFERENCE IS TRYING TO DO.  DAN DANNER IS THE CEO OF THE NATIONAL FEDERATION OF INDEPENDENT BUSINESS.

DAN DANNER:  TRADITIONALLY SMALL BUSINESSES LEAD US OUT OF A RECESSION.  THEY ARE OUT FRONT.  THE HIRING IN SMALL BUSINESS USUALLY PICKS UP BEFORE IT DOES IN THE REST OF THE CORPORATE COMMUNITY.  AND ONE OF THE SCARY THINGS RIGHT NOW IS THAT, THAT SMALL BUSINESS OPTIMISM REALLY HASN’T STARTED TO PICK UP SIGNIFICANTLY YET.

COURTENAY:  BUT EVEN IN A RECESSION SMALL BUSINESSES ARE STILL THE NUTS AND BOLTS OF THE ECONOMY.

DAN DANNER:  SMALL BUSINESSES ARE HALF THE PRIVATE SECTOR WORKFORCE.  THEY’RE HALF OF THE GDP OF THE COUNTRY, AND YOU KNOW THAT’S WHERE A LOT OF INNOVATION TAKES PLACE.  AND IF WE ARE GOING TO GET THIS ECONOMY FIRING ON ALL CYLINDERS, WE BELIEVE IT’S GOT TO START WITH SMALL BUSINESS.

COURTENAY:  BUT IN ORDER FOR SMALL BUSINESSES TO TAKE OFF ONCE AGAIN, WE HAVE TO HAVE A WORKFORCE THAT IS READY, AND WORK KEYS CAREER READINESS ASSESSMENTS ARE DOING JUST THAT; STEVEN MOATES WITH HITATCHI COMPUTER PRODUCTS.

STEVEN MOATES:  IT’S A GOOD THING.  I THINK IT IS A GOOD THING FOR A LOT OF ORGANIZATIONS.  I THINK IF THEY GO THROUGH THIS PROCESS THEY ARE GOING TO FIND A HUGE RETURN ON THEIR INVESTMENT IN TERMS OF EMPLOYEES, EMPLOYEES THAT WANT TO BE WITH ORGANIZATIONS, AND EMPLOYEES WHO WANT TO GROW WITH ORGANIZATIONS.

COURTENAY:  AND ACCORDING TO OKLAHOMA DEPARTMENT OF CAREER TECH’S SCOTT SMITH, WORK FORCE TRAINING IS KEY TO SUCCESS OF ANY BUSINESS WHETHER BIG OR SMALL.

SCOTT SMITH:  THEIRS IS A MISUNDERSTANDING THAT CAREER TECH IS JUST ABOUT EDUCATION, EDUCATION OF THE HIGH SCHOOL STUDENT.  AND WE DO A GREAT JOB OF THAT, BUT IN TRUTH, CUSTOMIZED TRAINING FOR SMALL BUSINESSES IS REALLY ONE OF OUR STRENGTHS.  WE CAN HELP A SMALL COMPANY BE THEIR OUTSOURCED TRAINING PARTNER TO BE ABLE TO DEVELOP THEIR WORKFORCE AND SKILL SETS THAT ARE COMPLETELY OFF THE BEATEN PATH THAT, THAT COMPANY NEEDS.  SO CAREER TECH CAN HELP CUSTOMIZED, SHORT TERM, TRAINING THAT HELPS THAT SMALL BUSINESS OWNER TO GET THE WORKFORCE THAT THEY NEED THAT IS INDEED HIGHLY SKILLED IN SOME UNIQUE AREAS.

COURTENAY:  UNIQUE AREAS THAT ARE REQUIRING PEOPLE TO THINK BIG AS THEY NETWORK TOGETHER TO GROW SMALL BUSINESS.

COURTENAY:  OVERALL, SMALL BUSINESS DRIVES THE LOCAL ECONOMY AND REPRESENTS MORE THAN NINETY-NINE PERCENT OF ALL EMPLOYERS.  IN THE TULSA AREA ALONE, SMALL BUSINESS ACCOUNTS FOR TWO OF EVERY THREE NEW JOBS CREATED.

ROB:  SO JUST HOW MANY JOBS DO SMALL BUSINESSES HERE IN OKLAHOMA, HOW MANY JOBS HAVE THEY CREATED?

COURTENAY:  SMALL BUSINESS CREATES FIFTY THOUSAND JOBS AND PAYS OUT ONE-POINT-THREE BILLION DOLLARS.

ROB:  CERTAINLY GOOD NEWS FOR THE STATE.  THANK YOU SO MUCH, COURTENAY.