Indeed, the growth of 700,000 in the number of businesses since 2010 is not far from the overall increase in the Conservative vote since the last election and as I wrote last week, the small business community was probably one of the most influential groups in deciding this election by keeping faith with a party that had kept faith with them.
But whilst the Conservatives move onto five years of Government, the post-mortem will begin in earnest for the Labour Party, especially here in Wales where not only did they lose two seats but failed to gain another which they had all thought was an easy ‘slam dunk’ in electoral terms.
Given that much of this election was about the economy, it is not surprising that Carwyn Jones has already noted that he would like Labour to get across a more pro-business message than it has over the past few months.
Not many in the Welsh business committee would argue against the premise that the Economy Department in the Welsh Government has attempted to be the most pro-active and reformist since the National Assembly was established in 1999.
Unfortunately for Labour, that seemed to be ignored by the ‘big beasts’ in Westminster who created a manifesto that had very little to offer those entrepreneurs who had dragged the UK economy from the precipice to its position of relative strength today.
It did not help to have an anti-business rhetoric by the Shadow Secretary State of Wales over the last twelve months that was taking the Labour Party back to the approach of the early 1980s. Most incredible was the highly politicised attack on the Celtic Manor Resort, a business owned by Wales’ most successful entrepreneur who has not only created thousands of jobs in Wales through his various businesses but who is now spearheading efforts in his own time to revitalise Swansea Bay.
And the patently untrue claim, repeated ad nauseaum, that “90,000 of the 100,000 new Welsh jobs in Wales were on zero hour contracts" only served to alienate those hard working small business owners who had created most of those new jobs and are paying a fair wage to their staff. Indeed, only 35,000 employees across Wales (or 2 per cent of the working population) are on such contracts.
Certainly, the suggestion by some of the Labour Party’s leadership candidates, such as Tristram Hunt, that they needed to find ways to appeal to “the self-employed, the small business owner, the owner/occupier” suggests that they simply hadn’t done so during the last election campaign.
So having achieved a majority, what can the Conservatives do in the next five years to help grow the Welsh economy?
I believe that one of the first things that a new Secretary of State for Wales must ensure is that every Whitehall Department that has responsibility for non-devolved matters does the best it can for Wales.
Having worked with one of those departments in the last two years, I always detected a certain reticence to go out of their way to help, a culture that I believe is institutionalised within the UK civil service rather than related to any political party.
One way of doing this would be to ensure that the nine Conservative MPs with non-ministerial posts are given a brief as “ambassadors” for the Wales Office in departments such as Business Innovation and Skills, Energy and Climate Change, Culture and Media, Work and Pensions, International Development, Home Office and Defence to ensure that Wales makes the most of any new UK wide policy initiatives.
Certainly, such a “Team Wales Office” approach would contribute significantly to the One Nation vision that David Cameron spoke of on the steps of 10 Downing Street last week and could give us an advantage in ensuring we get 'first mover' advantage when any new economic policy is announced.
Indeed, those who are regular readers of this column will know that I have been passionate about ensuring that we make the most of any opportunity that arises from the UK Government’s policies rather than taking a parochial and tribal approach to ignore them just because they were not made in Wales.
Yes, rail electrification to South Wales has finally been agreed, superfast broadband is being put into place and a City Deal could be on the way to Cardiff very soon.
But much more remains to be done, especially in ensuring more funding for innovation and developing a better transport infrastructure for North Wales. There is also the need to push on with a Great Western Powerhouse in South Wales and the South West of England that will rival the Northern Powerhouse that George Osborne has been championing during the last twelve months.
The fact that there are now two different parties in charge of Cardiff Bay and Westminster remains a challenge but one in which a mature political approach that puts the Welsh economy first can overcome.
The stark political reality is that, whether they like it or not, the election result means that a Labour Government in Wales has to work with a Conservative Government in London (and vice versa).
Certainly, all Welsh businesses will hope that they can quickly put any differences aside, avoid any grandstanding and ensure that their number one priority going forward is growing the economy and ensuring the prosperity of this nation.