Tablets Making a Big Impact on Small Business

Small business ownership and tablet adoption continue to surge among Asian Americans.

By on June 21, 2013

This week the U.S. Small Business Administration celebrates the 50th anniversary of National Small Business Week, which recognizes the contributions of America’s entrepreneurs and small business owners.

Historically small businesses have long provided Asian immigrant families a pathway towards The American Dream. Today this entrepreneurial spirit continues to thrive. From 2002 to 2007, Asian-owned U.S. businesses grew more than 40 percent, double the national rate, from 1.06 million to 1.50 million. Equally impressive is that these businesses employed 2.8 million individuals and generated $507.6 billion in revenue.

The definition of a “small business” in the Asian American community has also broadened considerably and now includes everything from app developers to traditional mom-and-pop shops. Despite the wide variety in the types of businesses, they do share a common bond: technology plays a pivotal role their business.

One of the most powerful tools helping small business owners remain competitive in today’s technological landscape is the tablet.

Industry experts predict that tablet adoption by U.S. companies with fewer than 99 employees will grow 114 percent in 2013, increasing from 4.9 million to 10.4 million tablets.

Tablets offer small business owners a convenient and practical way to keep connected, increase productivity and stay organized. These attributes can be especially useful to industries that deal in high volume transactions and require meticulous bookkeeping. Additionally, tablets can also save valuable office space by replacing a variety of bulky gadgets such as computers, credit card machines and calculators.

When you consider the significant number of Asian American small business owners and the professional benefits a tablet offers, it should come as no surprise that Asian Americans also have the highest rate of tablet adoption in the country.