Benefits of Small Business Advisor Consultations

Benefits Of A Small Business Essay
For centuries, people have taken pleasure in creating plush, green, shaded gardens. Today, over one
million people work in the grounds maintenance industry which creates and beautiful landscapes.
Among the thousands of workers and businesses that comprise the lawn care industry, two groups
exist: large and small companies. Greatly profitable enterprises, as a result of their successful
business strategies, customarily invest profits in the company to increase employment and diversify
the selection of offered services. Consequently, as the company's aptitude to service a larger
clientele increases, the company will expand and thus increase annual revenue allowing the cycle of
growth to continue. Smaller businesses, contrarily, usually do not end operating seasons with
enough financial resources to invest in equipment and personnel. Accordingly, the breadth of a small
business's service does not significantly expand from year to year. Over time, however, smaller
businesses develop and expand. When smaller companies lack the employees to accomplish newly
assumed responsibilities, I find work. Throughout the year, a local business, which manages several
lawn care accounts without a lawn care division, outsources several lawn care jobs to me. With the
help of this research, I hope to improve my service, increase efficiency, and learn methods of
managing and creating service accounts to convince the small business owner of my competency to
manage all of the proprietors lawn
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The World Of Small Business
About the Author
Steve 's first foray into the world of small business came when he was an Invisible Fencing dealer.
He operated this business on a part–time basis while remaining employed by a Fortune 500
company called Digital Equipment Corporation (DEC). While the Invisible Fencing business was
not very successful, it was a valuable opportunity for him to learn important lessons about business
in a relatively low–risk environment.
For the next two years, he worked on a business plan and waited for the right opportunity to present
itself. In 1994, DEC fell on hard times. Instead of bemoaning this turbulent economic tide, Steve
capitalized on this opportunity. He quit his day job to found Horizon Interactive, a documentation
and training ... Show more content on Helpwriting.net ...
Broadvision primarily acquired Interleaf for their XML engineers who worked on the product side
of the business. Needing to divest himself from the services business, Steve and a former business
partner acquired the assets of Interleaf's service business and started IC Interactive. They operated
the business for a few more years until they sold it in 2003.
Being a serial entrepreneur, Steve has started and still operates three different businesses. One of his
businesses is focused on real estate. The second one is focused on oil and gas. His third business is a
company designed to help high net–worth investors understand the ins and outs of investing in oil
and gas direct participation programs.
Steve has volunteered his time since 2003 as a mentor for SCORE, a local organization dedicated to
helping entrepreneurs. He has acted as their Chapter Chairman for several years. He is also an
advisory board member of his local Small Business Development Center (SBDC). In this role, he
has acted as a counselor since 2003. In 2012, Steve acted as the interim director of SBDC while they
conducted a national search for a permanent director. Currently, Steve is the Entrepreneurship
Director at Pikes Peak Community College and writes a daily blog about small businesses.
Steve is a flaming dyslexic, which has its good points and bad points. Growing up, he remembers
undergoing a board of education

The Dummies Guide For A Small Business
DUMMIES GUIDE
Cybersecurity
Ryland M. Trogdon
4/24/2015
Table of Contents
Abstract 2
Introduction 3
Initiation 3
Frequency 4
Current Situation 4
Casual Analysis 4
Essential Walkthrough 6
Prerequisites 6
Walkthrough 7
Assurance by Insurance 10
Resolutions 11
Possible Solutions 11
Longitude and Latitude 13
Scope 13
Conclusion 13
Abstract
The purpose of his proposal is to provide inquiry and identify the best way to implement
fundamental plans to individuals who wish to build and run a small business in addition to the lack
of information they may bear on the importance and sustainability of protecting their networks and
data against cyber–attacks.
Figure 1: Map Display of international cyber–attacks. Introduction
In recent years, Cybercrime has increased radically and it is becoming more vital for people to grant
protection on their computers and data just as they do with anything else they deem needs to be
secured. The improved rate for the need of security also applies to conceptual institutes of small
businesses. Small businesses keep record of client, personal, product, and explicit company finance

information and data. With this wealth of information and the increase in cybercrime, small
businesses need an effective solution to defend their computer systems and data from cyber–
attackers.
Small business computer and data security is an imperative dispute that needs to be resolved.
Research is a considerable necessity to ascertain what small business

Small Business Advisor
How is a Small Business Advisor Consultation Helpful for New Businesses?
A small business advisor consultation is very helpful for new businesses. Small business advisors
help entrepreneurs to reduce risks and waste while increasing savings and efficiency. Small business
advisors usually have personal experience operating a company and handling various business
functions like marketing, accounting, human resources and legal compliance.
Professional Expertise
Small business owners must wear many hats, but they may lack the training or experience needed to
handle all necessary business matters personally. Engaging an external expert to handle complex,
sensitive or unfamiliar issues is an excellent way to ensure that problems are thoroughly ... Show
more content on Helpwriting.net ...
In order to thrive for the long term, there must be strategic plans, tactics and objectives. Engaging a
business advisor will provide small business owners with clarity, vision and the right growth
direction. Many industries are dominated by globally successful conglomerates that have endless
resources, finances, manpower and market control. Small business owners must also successfully
enter and establish themselves in congested markets that are experiencing influxes of online
companies that offer cheaper products and services. Highly skilled business advisors can help their
clients focus on a niche market and establish a loyal consumer base. As time goes by, there are many
ways for business owners to follow–up with advisors who will help their clients evolve and grow
their small business.
As industries, markets and consumer demands evolve, small business advisors will help their clients
navigate through unexpected changes. This means that they will help their clients quickly ramp up
their small business to meet significant new demands. It also means that they will help their clients
deal with new competitors, comply with new regulatory requirements and increase their products or
services. A small business advisor consultation can be obtained free of charge through the Small
Business Administration

Business Process Of Small Business
Introduction The process of small business creation requires that entrepreneurs engage significant
analysis and planning. There are many considerations that a potential small business owner must
make to ensure that they are making not only the best decisions for the business itself, but for them
as individuals. Entrepreneurs must identify things such as the product(s) and/or service(s) they wish
to offer to their customers, how they will market their offerings, where they will locate their
business, how they will manage that business, etc. All of these elements play a critical role in the
successful operations and profit earning capabilities of the businesses. This paper sets out to identify
the factors an entrepreneur must consider when deciding on the ownership model for the business. It
will then examine the advantages and disadvantages of starting a business through franchising.
Lastly, this paper will examine the criteria an entrepreneur should evaluate before purchasing an
existing business.
List several factors an entrepreneur should consider before choosing a form of ownership?
One of the most significant decisions an entrepreneur will make will center on the ownership of
their organization (Scarborough & Cornwall, 2014, p. 138). This organizational component is
crucial to the successful operation of the business and as such, there are a number of considerations
entrepreneurs must make when selecting the appropriate ownership model of their small business.
The

Benefits Of A Small Business
Small–Business Preference
Service–Disabled Veterans have earned the right to receive certain preferences for government
contracting because they volunteered to serve their country. Congress established programs to
benefit Service–Disabled Veterans, choose three programs and describe these programs. Explain
how these programs benefit a small business over a large business.
Small Disadvantaged Business The Small Disadvantage Business was established by Congress to
provide an opportunity to businesses that are consider disadvantaged. This group has to be subject to
racial or ethnic prejudice, or cultural bias. The candidates for this program have limited access to
capital or credit opportunities. They have to be part of a minority ethnic group usually, Hispanic,
Asian, African American, and Native American. These groups are considered to be socially
disadvantaged according to the regulations. The business that is owned has to be at least fifty one
percent controlled by a socially, and economic disadvantage individual. There is also an income
restriction. The individual cannot have income, and property that exceeds seven hundred, and fifty
thousand dollars (Business, 2001).
Service–Disabled Veteran Owned Business This preference program is for was establish for
veterans that have a service connected disability that was determine by the Department of Veteran
Affairs the business still has to be certified as a small business, under the criteria issued by the North
American

Ways to Establish a Small Business Essay
In this modern era, being smart academically, having a bachelor or master title cannot guarantee a
person from having a good job with a good salary. Some people don't satisfy with their current work
because they think that the salary is small and they should deserve more, no wonder there are many
people work in places that are very contrast with their study in the past. Nowadays there are many
independent businesses running both online and offline such as online shops, restaurant, saloon, etc.
Some may think that it is just a part–time job to have an extra salary, but the truth is, we can get a
large amount of incomes if we have a good management skill. Establishing a small business can be
easy or hard depending on the person's capability, ... Show more content on Helpwriting.net ...
Desires that entrepreneurs possesses can be used as motivations for establishing the business. ("7
Langkah Membuat Usaha Sendiri", 2012) desires that a person possesses may be a short–term such
as successfully establish the business, have clients, to be known by many people or a long–term
desire such as having an increasing income every year.
The next crucial thing that needs to be looked at is managing budget for the soon to established
business. A good businessman should be able to calculate on how much money he or she would
spend his or her career. In many cases an amateur businessman tends to miscalculate the budget, and
ended up getting no profit at all. For beginners, there are many ways to obtain enough budgets to
start a business. A small business may require small amount of budget ( two to tem millions) and it
is possible to obtain the money from his or her own savings.("tips mengawali usaha dengan modal
kecil, 2013) on the other hand, if the business budget requires a lot of money, it is wise to ask for a
loan from close friends, family, or even bank. Some people may think that asking for a loan is
somewhat inappropriate, so another way to acquire the budget is to cooperate with someone else, in
other word having two founders in one business, and automatically the budget will be split in to
two. ("Lima cara memulai usaha dari bawah", 2013)
After the budgeting is complete,

Small Business Administration : Small Businesses
Introduction
Small Businesses
The Small Business Administration defines small business as a business with 500 employees or less.
Small businesses are well known and acknowledged worldwide as important contributors to
economic development and job creation. They also play a big role in the general health and welfare
of economies, both nationally and internationally. The small business sector represents a statistically
significant proportion of the world economy. (William Gale and Samuel Brown 2013) The U.S.
Small Business Administration (SBA) reported that small businesses represent 99.7 percent of all
employer firms. Small businesses have paid 44 percent of the total United States private payroll, and
generated 64 percent of new jobs since 1995, according to the SBA. Small businesses contribute to
local economies by bringing growth and innovation to the community in which the business is
established. Small businesses also help stimulate economic growth by providing employment
opportunities to people who may not be employable by larger corporations. Small businesses tend to
attract talent who invent new products or implement new solutions for existing ideas. Larger
businesses also often benefit from small businesses within the same local community, as many large
corporations depend on small businesses for the completion of various business functions through
outsourcing.
Correlation between Entrepreneurship and Small Businesses
Entrepreneurs are people who create new

Brownsville Small Business Failure
What explains the high failure rate of small business startup in the City of Brownsville? There are
several influences that contribute to the failure of small business. According to (SBA, 2015) small
business provides approximately half or 4.3 million of Texas's private workforces. In 2010 there was
38,760 small business established in Texas only 68.3 percent of those business remained open two
years later. This would indicate that approximately 31.7 percent of those businesses failed and the
City of Brownsville is no exception. One major issue is that the City of Brownsville is a
disadvantaged economically distressed region. The City sets on the Mexico boarder along the Rio
Grande Valley, with a population of 183,887 within their community,

Building A Small Business At An Affordable Cost
Methods It was determined that the three needs in these existing global businesses are:
The opportunity to operate a small business at an affordable cost. For an individual to run a small
business, the shared office space is beneficial because of the low overhead cost that divides costs
among other small business owners. In Canada, the concept of shared office space is popular.
According to the Canada Innovation, Science and Economic Development there are eleven
companies registered and doing business in the capacity of SOS. The two largest firms in Canada
for shared office space are Intelligent Office and Regus. These two companies have multiple
locations in the global market even in Canada as identified in internet research. ... Show more
content on Helpwriting.net ...
The networking opportunity with other business owners in the building is an avenue to gain insight
and possible gain new customers. Developing business relationships is important when starting up a
new company. Also, the small business owner identifies the importance of having the virtual
assistant that helps with the day–to–day operation. In conclusion the methods used to identify the
need is interviewing current small business owners who are currently using the shared office space.
Also the information presented in the articles about business using shared office space.
Competitive Advantage
One competitive advantage for this new business of shared office space in Canada would be to have
print services which would be included in the price of office rental. Print services will be based on
type of rental membership purchased and additional fees will apply after reached print limit. From
the research of other SOS in Canada, free print services are not being offered.
Inherent Risks
Two inherent risks associated with launching these new services are: 1. the short term contract of
business owners. Since the

Essay on Small Business
Small Business 2
In accessing the Equal Employment Opportunity Office (EEOC) website, I found it very hard to
find a clear and concise reason as to why small businesses were treated differently than the larger
businesses and why the law would differentiate between them. These smaller organizations are
sometimes treated differently by the EEOC because they lack the resources that most large
companies possess. Most small businesses can't afford to hire the best qualified people that larger
businesses can and do. They may not be able to hire people that fit into the different classes (EEOC,
2008). For example, they may want to hire someone with a disabili ty but really can 't afford to
because they would have to make ... Show more content on Helpwriting.net ...
There are many Small Business 4
different laws that are enforced by EEOC for small businesses one of which is the Title VII of the
Civil Rights of 1964. This law makes it illegal to discriminate against any person based on race,
color, religion, national origin, or sex. This law also makes it unlawful to retaliate against a person
because the person complained about discrimination or filed a charged of discrimination (Laws
Enforced by EEOC).
Equal Pay Act of 1963 law is equally important to small businesses. This law makes it unlawful to
pay different salaries to men and women when they both are performing the exact same job. The
Equal Pay Act does not exclude all disparities in wage rates paid men and women but only those
disparities based only on gender (Twomey, D, and Jennings, M.M., 2011, p. 848).
Age Discrimination in Employment Act of 1967, this law also enforced by the EEOC is intended to
protect individuals who are 40 years or older from discrimination because of age. It covers all
private employers with 20 or more employees (small business) (Anderson, R.A., Fox,
1., Twomey, D.P., and Jennings, M.M., 1993).
Title I and Title V of the Americans with Disabilities Act 1990. This is also administered by the
EEOC to aid small businesses. This law makes it illegal to discriminate against a qualified person
with a disability in the private sector as

Information Guide For Small Business Owners On Unpaid Debts
Information guide for small business owners on collecting unpaid debts
Are you constantly chasing clients for outstanding payments? If so, this information guide will give
you a brief overview of the routes you can take to resolve such disputes.
Preliminary steps
If you haven't done so already, it is good practice to send written reminders to your clients via
recorded delivery to attempt to resolve the issues. When sending such reminders it is recommended
you impose a certain time frame in which you can expect a response; the standard is 28 days. It is
also helpful to keep any copies of correspondence which maybe useful if you need to issue
proceedings in the County Court at a later stage.
Some business owners can often resolve the ... Show more content on Helpwriting.net ...
A typical letter before action will often include:
Details of the goods/services provided – often done by attaching the invoice and the date at which
you provided the service
You may well have had terms listed on your invoice such as "All invoices are payable within 28
days of the invoice date" and it is often good practice to mention details of this in your letter
Details of any attempts made to resolve the dispute, including the dates of reminders sent
A timeframe for replying to your letter before action – the standard is often 14 days any less than
this is unreasonable
Outlining the consequences of failing to reply to your letter before action – i.e. issuing County Court
proceedings.
As writing a professional and formal letter before action requires a degree of skill and knowledge of
the Civil Procedure Rules, it is often advised that you contact a Solicitor to help you draft such a
letter. We at Spencer and Marks Solicitors are renowned at delivering a professional service with
many clients who have been successful with recovering their unpaid debts. If you require any
assistance at this stage please do not hesitate to contact us with the details listed at the end of this
article.
Issuing County Court proceedings, is it worth it for sums under £1,000?
Once unsuccessful at the preliminary stage, most business owners will often want to sue their clients
to collect the unpaid debts. Whilst most will be confused as to the procedure

Small Business Failure
The importance of small businesses should not go unnoticed in our world as they provide the
backbone to our economy and provide more jobs than one might think (Bagley, 2014). According to
Entrepreneur Magazine and Forbes Online Magazine, there are roughly 25 to 27 million small
companies in the United States (Bagley, 2014). This number accounts for a ballpark estimate of
around 60 to 80 percent of all the jobs in the United States (Bagley, 2014). These modest industries
not only account for the majority of all jobs but they are responsible for spurring on our economy
(Bagley, 2014). The assortment of these businesses ranges from food service, retail stores, specialty
venues, service providers, product oriented industries, or anything else that an entrepreneur can
dream of owning. Despite the colossal number of active and striving small businesses, there's an
unfortunate rate of failure among those, starting up their own companies. For an example, in 2010
alone, there were 96,000 small industries that did not survive the year (Zimmerman, 2011). It's
unfortunate but the majority of all small businesses are unable to stay afloat and keep their doors
open. After an extensive amount of research, there were three factors that stood out as being
significant in the success or eventual failure of a small business. Location, one of the largest
indicators of a company's future successes or failure lies in where it is located. In the 21st century, a
business can find a permanent place

Small Business Technology By Bill Simms
Small Business Technology
It was an ordinary Thursday evening in suburban Richmond, Virginia. 7PM. Bill Simms makes a
right turn on to the expressway ramp in a bid to make it on time to meet his wife for his daughter's
ballet recital. He was happy that his new painting business was beginning to thrive. After being laid
off, it came as a big relief that private home and small business clients were starting to find him.
Though he always had a general affinity for painting, owning a painting company is not what he
imagined doing for a living. Still, it was a blessing that was now manifesting as a provident
financier of ballet slippers. Although Bill's background was in corporate marketing, he experienced
a major learning curve when it came to pitching and selling business services. He soon realized the
impact of not having experience as a painter or small business owner. At the start, he received most
of his assistance from friends, family, and his wife. Everyone would pitch in to keep up with the
back office operations and work flow. As the company grew and became successful, his makeshift
team became overwhelmed and thinned out into a two–man team. His wife, a local teacher, assisted
as best as possible with paperwork while he was in the field servicing clients, but after only a short
period of time, both were overwhelmed with generating proposals, quotes, revisions, and invoices.
The paperwork portion of running the business became a full–time job in and of

Reflection Of A Small Business At A Local Daycare Center...
For this week's discussion in Module One, I reviewed a local daycare center company my mother
works for. The company is a sole proprietorship and is very small. Although, the women who runs
the company takes care of everything, such as the accounting, marketing, and human resource
departments altogether, with some input from within the company, and runs a very structured
company. All the various departments she takes care of do tend towards the same goals and all the
set tasks and responsibilities the company has in place at the time. The owner is very organized and
always stays up to date on everything. She is experienced, but I find that it must be overwhelming to
have all that pressure on your shoulders and that much work to cover. Even though it is a small
company and she does rely on input from the company, it is definitely challenging. After reading
this week's material I do not think my view of the organization reviewed this week changed, but
there is always room for change and some things I may do differently when I open my own small
business one day when it comes to organizational structure and culture. Doing more research and
understanding the topics this week I have been able to better identify benefits among certain
organizational theories, such as employee satisfaction and diversity. Before getting into this topic
diversity management "refers to the various actions organizations can take to ensure that they are
treating all employees (and potential employee) fairly and that they are not discriminating"
(Arvinen–Muondo & Perkins, 2013). For any organization out there, there is a responsibility when it
comes to managing diversity. When I was reading the material this week this question that Edwards
posed stuck with me: "how can we know when we should treat people similarly because of their
similarities, and when is it more fair to treat people differently because of their differences"
(Arvinen–Muondo & Perkins, 2013)? This question is one I have always had and wondered when I
open my own business. It is a challenge that plays in diversity management and one a company has
to figure out. Companies do need to challenge discrimination. If not it causes a lot of people many
disadvantages due to race,

Small Business Failure
According to Forbes.com, "approximately 543,000 new businesses get started each month" (Nazar).
That places the annual total of small businesses created at more than 6.5 million, in the United
States alone. A small business is defined as an enterprise that has less than five–hundred employees.
There is a total of about 28 million small businesses in the U.S. These businesses are responsible for
the employment of roughly 50% of Americans. With an addition 6.5 million businesses being
created annually, you would assume that this number is climbing, however, that is not the case.
More employer businesses close per month than open up (Nazar). As calculated by the Bureau of
Labor Statistics in the United States, the failure rate is as follows; after one year 21.2%, after two
years 32.1%, after five years 51.2%, after ten years 66.6%, and after twenty years 79.6% of all
newly created small businesses fail ("Entrepreneurship"). What is the reasoning being that? Why are
so many small businesses struggling to keep their doors open? There are three main reasons why
businesses that are new and lesser in size struggle to survive and often lead to the shutting down of
these newfound entrepreneurships. These sources of failure include poor decision making due to a
lack of experience, financial issues, and competition from other businesses. Lack of experience is
something that every new businessman or businesswoman has to deal with. No matter how much
you have learned about how to run an

Small Business
Chapter Seven Aida Moua
Small Businesses and Entrepreneurship: Economic Rocket Fuel
Review Questions
1. Review the benefits an entrepreneur might seek in starting a new business. Which benefits are
most appealing to you? Why?
Some benefits that are most appealing to me is having greater financial success, independence,
flexibility, and challenge because with all of them combined, it's beneficial to me and can help me
gain more money easier.
2. Do you recognize any of the entrepreneurial personality characteristics in yourselves? Which
ones? Do you think it's possible for a person to develop the characteristics that he or she lacks? Why
or why not?
Yes, I have some qualities of entrepreneurial personality characterics that are ... Show more content
on Helpwriting.net ...
Some key contributions of small business in the U.S. economy is that they create new jobs, create
new innovations at twice the rate of their big business counterparts, and they tend to find more
opportunities than big companies.
10. What factors account for the dramatic differences in entrepreneurship rates around the world?
Do you think entrepreneurship will continue to grow worldwide? Why or why not?
Some key factors that plays an important role in different entrepreneurship rates around the world
are national per capita income, entrepreneurs' opportunity costs, and how much cultural and political
environment supports entrepreneurs. I believe entrepreneurship will continue to grow worldwide
because there's always going to be that one person who has dreams he or she wants to accomplish.
Application Questions
1. A huge number of successful businesses–such as Apple, The Cheesecake Factory, and eBay–were
built around the personal passions of their founders. Consider your own personal passions. What do
you love to do? What are you great at doing? Can you shape any of your interests into a business
opportunity? Why or why not? Be sure to think big. For instance, if you love hanging out with
friends and listening to music, a club promotion business might make sense for you. Write a one–

two page paper outlining the specific steps you need to take over the next few years to make your
"dream business" real?
2.

Importance Of Small Business
This is great information, what caught my attention was the fact that small business gives equal
opportunity to women and minorities. That is an important factor and that is also one thing that I
feel is key in why small businesses are so important. Upon doing research I learned that small
businesses paid almost fifty percent of the U.S. payroll and this payroll was towards individuals
who may not have been qualified for jobs at larger corporation. The US economy is made up of
various types of people from different walks of life and I feel it is important that all individuals
should have an opportunity for employment so that we can provide for our families and small
business help this become possible.
Small businesses are important to the U.S economy for multiple reasons. According to the U.S
Small Business Administration, small businesses represents for 99.7 percent of all employer firms,
have generated sixty four percent of new jobs and paid forty four percent of the total united states
payroll (Brown, 2017) . Small business is an important role not just in the US economy, but they
also play a major role in the growth of the individual community that they are located in. Small
businesses give citizens of the community an opportunity for employment by offering jobs that the
individuals may not have to have degrees or accolades to qualify for unlike jobs in larger
corporations. Although small business is very important to the economy and the community, often
times small

Small Business Administration : Small Businesses
Introduction
Small Business
The Small Business Administration defines small business as a business with 500 employees or less.
Small businesses are well known and acknowledged worldwide as important contributors to
economic development and job creation. They also play a big role in the general health and welfare
of economies, both nationally and internationally. The small business sector represents a statistically
significant proportion of the world economy. (William Gale and Samuel Brown 2013) The U.S.
Small Business Administration (SBA) reported that small businesses represent 99.7 percent of all
employer firms. Small businesses have paid 44 percent of the total United States private payroll, and
generated 64 percent of new jobs since ... Show more content on Helpwriting.net ...
They help in intensifying competition with the help of technology they master in increasing
productivity and thus contributing in the development of the country, followed by economic growth.
(Dr. Sangya Shrivastava 2013) Entrepreneurship has been given much emphasis by organizations
and governments in recent years. It acts as a vehicle for small businesses. We can see the increasing
level of economic development when more of the population gets involved in entrepreneurship
which is basically self–employment. Entrepreneurship plays a critical role in the development of the
economy as this is the key contributor to innovativeness and product improvement. It is one of the
important ingredients to the creation of new employments and in the building of communities in
ways of offering them jobs. By contributing to local charities, taking part in local business, investing
in projects in communities, and creating and participating in different networks in entrepreneurship,
they build up robust communities which contribute to the community development. Governments
have struggled to develop policies which will enhance entrepreneurship by understanding the
critical difference existing between small business owners and entrepreneurship. At the same time, a
misconception about entrepreneurs and where entrepreneurs can be found can also help the local
people to create the right picture of entrepreneurship and thus become aggressive and contribute to

Small Business Pros And Cons
With the competition for jobs becoming more and more difficult, instead of applying for some and
crossing their fingers that someone else doesn't get the job before they do, some people are deciding
to start their own small business. A small business is basically a privately owned company that is
run by either a corporation, a partnership, or just a single person. Now, owning a small business
comes with its pros and cons. However, the pros of owning a small business seem to outnumber the
cons. So if I had the choice, I would be interested in owning a small business. Being the owner of a
small business seems to have many benefits. First off, if you decide to work for somebody, then you
can only get paid what they think suits you based off your experience and skills. However, if you
own your own small business, you're able to make much more money because you're able to set
your own price that customers would have to pay for you to provide your goods and/or services.
Tying in with setting your own price points, being the owner of a business means you also get to be
your own boss. You're able to make your own decisions that you believe will turn your small
business into a successful one, such as hiring well–qualified employees to help make it run as
smoothly as possible. Being the boss of your own business also means that no one can fire you, so
you don't have to worry about spending more time looking for another job and stressing over having
to pay for your mortgage or paying

Small Business Management Essay
March 23, 2014
MG354 Small Business Management
My Strengths and Weaknesses in Running a Small Business Running a small business would be
both a wonderful retirement gift and a scary post–military venture. Becoming an entrepreneur would
be, for anyone, a dream come true, but jumping into the small business world without a plan,
education or experience to do so would be a hasty entrance to the business world. A thorough review
of my education and my experience to develop a possible jump into the small business world would
definitely be a worth–while venture! So to begin reviewing my strengths and weaknesses in running
a small business, let's first review my education and try to identify those classes that I have taken
that ... Show more content on Helpwriting.net ...
Being socially responsible can help to ensure good standing, but understanding the numbers of
small business management will help to make the business thrive. My undergraduate major from
Hawaii Pacific University in Honolulu is in mathematics, understanding numbers and being able to
translate figures, percentages and analyzing figures and reports. Being able to make estimations on
business projections, using the statistics that comes with business ventures will help with the
decision making that will be required to run and oversee a business. By being able to interpret
numbers and applying sound management skills learned from Management class I should be able to
establish the objective of the business and allocate the resources necessary to achieve a perceived
outcome. By following the basic management functions of planning, organizing, staffing, leading
and controlling I will be able to, at least in theory, oversee the daily operations and run my own
small business. These objectives correlate directly with my chosen career in the United States Air
Force of leading personnel on a day–to–day basis. Leadership is the art of directing and channeling
employee behavior toward the accomplishment of the company's goals. Using the leadership skills I
have learned over the past twenty eight years will assist in running a smooth operation, being

Impacts Of Small Business
Small businesses, with large impacts. Many times when you hear the term small business, you think
of a small business that doesn't have the impact on lives such as global retailers. But in fact, all of
the small businesses in the United States make up to 60–80 percent of all U.S. jobs. Small
businesses, really are what fuel our economy and what keep our head above water as an economy.
Information gathered by Entrepreneur Magazine, reported that there is somewhere between 25–27
million small businesses in the United States. This has a huge impact on our nation because not only
does it generate revenue and keep the cash flow in order, but it creates millions and millions of job
opportunities throughout the entire country. Although the small ... Show more content on
Helpwriting.net ...
The three items that almost all small businesses strive for are financial independence, to encourage
innovation, and to create employment opportunities for themselves and others. These business
owners help other people and families by giving them jobs to help support themselves. Once you get
a good start and get through the tough times when it comes to starting it up, you can then have free
reign on your company. That is one of the biggest reasons for being self employed, and that is
having the ability to free lance and be able to express your own ideas and creations however you
please.
There have been lots of set backs in America's economy whether it's from natural disasters to
unexpected government expenditures. Small businesses have been the jump start for many
companies, and these small business have put money in people's pockets. This is starting to pull
people from the middle class to rich or people who are poor to the middle class or even to being
rich. Thus effecting the economy very much, enriching it as people have to buy supplies for their
companies or wanting to finally buy this years new BMW. But the big one is investments in
products or services. This is where people want to make a new product because there is a missing
product or necessity on the market. These products "...enable access to goods and services that
populations require in order to be productive" (Sappin). Millions of people have tried to start up

The Importance Of Small Business In America
Small businesses in America have existed since civilizations first settled, whether people traded
goods in the place of currency, or offered services and talents for money. Over the past 100 years,
the small businesses and entrepreneurs of America have evolved in ways no one could have
predicted. From the invention of the internet to the sliding scale that is the American economy, small
businesses have seen their times of great success and struggle alike. With the changing culture,
obstacles may morph into opportunities, and, conversely, opportunities can turn into obstacles. The
presence of social media is an opportunity for businesses today but an obstacle for businesses of the
early 20th century; demand was an opportunity for business owners in the 20th century but an
obstacle today; and economic fluctuation is an obstacle found in both time periods. Unlike small
businesses in the early 20th century, small businesses today can greatly benefit from social media
platforms. Not only can businesses run their own pages online, they can pay for ads that promote
their product in a unique and novel way. For example, social media can allow a smaller business to
grow on their chosen platform (such as Twitter, Facebook, Instagram, etc.) and increase the amount
of potential customers that view their product(s) or service(s). Everyday, there is an abundance of
advertisements uploaded and viewed on several varieties of social media platforms and "[b]ehind
these staggering numbers is a

Small Business Enterprise
Assignment on:
Small Business Enterprise
Contents 1. Introduction 3 2. Small Business Performance 3 3. Chosen Organization 4 3.1 Nature of
the Organization 5 3.2 Scope of business 5 3.3 Performance of UKRD Group 6 3.4 Strength of
UKRD Group 6 3.5 Weaknesses of UKRD Group 7 4. Removing weaknesses 8 4.1 improving the
strength 10 5. Appropriateness and effectiveness of existing business plan 12 5.1 Improved business
plan 12 6. Impact of the changes in the business 13 6.1 Monitoring of the system 13 7. Conclusion
14
1. Introduction
In the period of the 1950s and 1960s the prominence given to the role of small business enterprise in
the UK economy has been rewarded (Stanworth and Purdy, 2003). IN the economy of the UK 99.9
per ... Show more content on Helpwriting.net ...
In March 2010 it was ranked 1st in the Sunday Times best communications to work for small and
medium business organizations. In March 2011 IT achieved the 1st ranking position In the Sunday
Times Best Companies work for and in the following two years it has maintained its 1st position in
2012 and 2013.
3.1 Nature of the Organization
UKRD Group is the organization of broadcasting industry with its headquarters in Redruth in
United Kingdom. The core products of UKRD Group are the local radio. From the start of the
organization it was in continuous growth. UKRD Group playing its operations by serving the people
of United Kingdom with its radio stations by keeping them update about the recent news.
3.2 Scope of business
As UKRD Group is an organization from broadcasting industry it has a good scope to make its
business with the mass people. The common people are the listener of the radio stations and the
satisfaction of the listeners may open new scopes for the UKRD Group. The company is in the
position with the Sunday Times award that it can its business with more acceptable situation that the
customers will take willingly.

3.3 Performance of UKRD Group
The performance of UKRD Group is in the satisfactory position in the terms and the situations of
the Company overall. It is achieving the Sunday Times award for last three years with 1st position.
The growth of this company in a satisfactory level which indicate that it's performance is in good
position.

Business Strategy Of Small Business
Introduction
Small business can be kept up by individual or accessories by putting their shares in an association.
The capital for little endeavors is not high to accomplish wide edges in the business segment. At the
point when appeared differently in relation to medium scale and significant scale business financing,
little scale business needs to oblige its business operations inside the limited measure of capital.
Proprietor of little ventures conceives that it 's difficult to manage regular operations of business and
customers demand due to confined capacity of the association to perform the advantages for its
operations. In any case, solid business technique makes the association prepared to give secure
premises to bolster the association in the business division and perform a forceful edge over others.
In this paper, we consider the little association course of action for a pastry parlor and make a graph
of the budgetary game plan for the new association. This paper will in like manner inspect the
guerrilla promoting technique for the tries and the most appropriate territory for the second store.
The paper contains a design of a course of action for securing commitment financing hot spots for a
brief minute store in order to accomplish positive results
Financial Plan
Family Restaurant and Lounge budgetary model relies on upon a business thought to "Get prepared
for the Worst, however oversee for the most part profitable." We have moved nearer the cash related
course of

The Impact Of Diversity In Small Business
INTRODUCTION:–
Business is occupation in which a group or an individual is working towards a motive and that is to
earn money. Business is of two type long and short or small and large. Every business various type
of activities that is being divided into different teams and in teams there are people from dissimilar
regions and that is called diversity. It is in both large and small business and very business have its
own ways to deal with it. Diversity is main key point or crucial point it could make a business to go
long or could make its shutter down. Furthermore it directly affect the organisational performance.
We are going to talk about the diversity in small business that what it is and what are its affects.
Workplace DIVERSITY:–
Firstly what is the word diversity? Diversity refers to the various kind of people from different
religion, gender, age, colour etc. in other words we can say that diversity is word that can be used to
differentiate groups and people from one another. Diversity is big idea in business and in society. In
the workplace there are people working from different communities and cultures. They all have
different mind sets and work differently. They all have different point of views which helps a
business to go long because from every mind a new idea come out and make the work done in
effective and efficient. Like if there are some people from Punjab, Mumbai, Rajasthan etc. they all
will do the same work in different way which is very helpful to

Obamacare and Small Business
Obamacare & Small Business
BUS 207 01
November 25, 2013
Melissa Spinden
Many people have a lot of questions when it comes to the new healthcare reform law. First off
Obamacare is formally called the Patient Protection and Affordable Care Act. The Patient Protection
and Affordable Care Act is the healthcare reform law that was signed in 2010 and now many states
have opened their health insurance marketplace exchanges as of October 1, 2013.
This new healthcare reform law aims to increase the number of Americans that are covered by
health insurance and also to decrease the cost of health care. Under this new law everyone in
America will have to get health insurance of some form. ... Show more content on Helpwriting.net
...
The delay of the enactment of the Patient Protection and Affordable Care Act will allow for small
businesses to increase employee hours as well as hire additional employees until 2015 when the
Patient Protection and Affordable Care Act will take affect for businesses.
The Patient Protection and Affordable Care Act may negatively impact some employees; if an
employee has coverage through its employer the insurance premium must be less than 9.5% of their
income. For example if the employee premium is $3600 a year and the 20% share of the premium is
$720 and the employee makes $45,000 a year; $45,000 x 9.5%= $4275 which is greater than $720.
Therefore this coverage would be deemed affordable. However if this particular employee has a
family of four the premium for the family would be an additional $7500 a year. In this case this
individual would be eligible for tax credits to help afford the health insurance coverage if their
employer did not provide health coverage (Lee, 2013).
The delay of the enactment of the Patient Protection and Affordable Care Act will help and hurt
people at the same time. The delay of the healthcare reform law does not change the January 2014
deadline that mandates all individuals to get health insurance coverage or tax

Small Business Essay
The small business marketplace is extremely dynamic and the changes are fast. Here are some
encouraging facts from the US Small Business Administration on small businesses. There are about
30 million small businesses in the United States and employ just over half of the country's private
workforce. They employ a staggering 40% of high tech workers such as computer professionals,
scientists and engineers. More than half of the small businesses are home–based businesses and two
percent of them are franchises. One of the most important aspects is the fact that a majority of
innovations in the United States come from small businesses.
In 2008, there were 627,200 new businesses that started, 596,600 businesses that were closed and
43,546 ... Show more content on Helpwriting.net ...
No business would abruptly go down and there will definitely be symptoms. If the entrepreneur has
difficulty in paying his bill, market for the product is shrinking and the customer sales is coming
down drastically, these are common signs that the company is not performing well. Another red flag
is when there is an increase in customer complaints, which clearly goes to show that the business is
failing to meet the needs of the customer. The entrepreneur should also ensure that the balance
between inventory and sales levels are correct. If the inventory levels tend to climb at a faster rate
than what the sales warrant, the company is at a risk of piling up the inventory. When the business
has more work than it can handle is another warning of the enterprise not doing well. A lack of
liquidity can also be a cause of business failure. Liquidity is the speed at which an asset can be
converted into cash and if the company does not have enough liquid cash at its disposal, it can lead
to their downfall. A new business venture that provides products or services at the cheapest price in
a desperate quest for making sales is also a sign of struggle.
In order for a new venture to be successful, the management plays a vital role. When a business
grows, it can never be a one–man show, but it needs the management as a whole to take
responsibility. An entrepreneur can have a business model that has the

Small Business in Nigeria
Table of Contents
Introduction–––––––––––––––––––––––––––––––––––––––––– 1
Constraint in small business : 1) Exchange rate–––––––––––––––––––––––––––––––––––2 2)
Access to loan –––––––––––––––––––––––––––––––2 – 3 3) Infrastructure
––––––––––––––––––––––––––––––––3 – 4 4) Technology
––––––––––––––––––––––––––––––––––4 – 5 5) Taxation
–––––––––––––––––––––––––––––––––––––––––6 6) Regulation
––––––––––––––––––––––––––––––––––––––7 7)
Policy–––––––––––––––––––––––––––––––––––––––––––––8
Conclusion–––––––––––––––––––––––––––––––––––––––––––9
Recommendation––––––––––––––––––––––––––––––––––9
Reference list–––––––––––––––––––––––––––––––––––10 – 12
Introduction
Nigeria is a country with 923,768 sq km ( ... Show more content on Helpwriting.net ...
2001.
From above the diagram, we can see that there are many African countries still have inadequate
facilities for their business. The infrastructure in Nigeria is considering disabling and until now there
is no any change in that area. There are only 6000 megawatts can be produces by the state–run
National Electric Power Authority. ( Nigeria's economy at the crossroads 1999 ) It make the
electricity in Nigeria is not stable and very limited especially in rural areas as It make the business
cannot product their product successfully as there are no electricity then production process had to
stop. High cost of electricity cause the business cannot run many generators at the same times in
order to produce more goods. It makes the entrepreneur need to increase the price of goods to cover
the high production cost. There are several problems that happen to the wireless deployment in
Nigeria. Unstable electricity 3 makes the wireless deployment need to depend on the power backup
system. However, the backup can last long for 2 to 8 hours in case of fixed wireless system for
subscriber terminal and it could be stretch to 12 to 48 hours when there are power failure occur.
(Ndukwe 2000, 4) This situation cannot be acceptable if there are more cases happen continually
Technology
Telecommunication can be one of the key elements to stimulate the business growth rate. How can
people connect with others when they are travelling? By using the

Benefits Of A Small Business
I. Executive Summary In order to finance future expansion or get past a temporary business slow
down (particularly in seasonal business) it is necessary to raise working capital and that involves
determining which method of financing is best; debt or equity.
II. Business Challenge
One of the main challenges businesses face when trying to grow is how to raise the necessary
working capital to achieve the necessary growth, whether for additional employees, inventory or
plant expansion, technology upgrades or other. The big decision then becomes whether to raise the
working capital in the form of debt or equity.
It is important for senior management to consider the advantages and disadvantages of each type to
determine which method of ... Show more content on Helpwriting.net ...
Assets of the business are usually held as collateral.
Owners of small companies must usually self guarantee the business loan.
Debt financing is typically easier to get than equity financing. If the company is showing good
results and has positive cash flow, debt can typically be raised by going to banks. Though lending is
still tighter than in years past, it has loosened significantly in the last two years allowing for
business growth financing.
Bank loans can be in various forms depending on the company's needs. Typical loans are working
capital loan with a fixed payment of principal and interest for a specific term. Depending on the
strength of the company these loans are usually based around some form of measurement such as
points above or below LIBOR or Prime Rate.
Prime rate in July 2015 is at 3.25% and LIBOR (London Interbank Offered Rate) is approximately
0.81%. Depending on the bank or financial institution a company borrows from will determine
which index is used. Regardless, companies will pay approximately the same based on their
riskiness to the bank as determined by the banks' underwriters.
The average interest rate for a small business loan depends upon a number of factors. One factor is
the size of the loan. For example, loans under $100,000 have a higher interest rate than loans over
$100,000, according to a July rate report by Bloomberg Businessweek.

The Pros And Cons Of Small Business Social Media
Small business social media starts with making the decision to be part of the conversation. Not as
easy or cut and dried a decision as one may think. What are the factors involved in this process? The
pros and cons? Pros: Potential to raise my website page rank Potential to find new customers or
clients Potential to make new business connections Potential to reach my current customer base with
new products or services Potential to get customers talking about me or my company Potential to
find out what you are not offering to your customers that they want Potential to have your own PR
department consisting of your customers Potential to get great reviews from happy customers
Potential to feel important because you have 15 followers! (Joking) Cons: Time consuming Energy
consuming Resource consuming Costly Don't know what to say Don't know where to start Don't
have any customers or clients to help you get started The current trend in search engines is to use
tweets and status updates, shares and reviews about you or your website as a piece of how they rank
your site. So for no other reason, because of this you need to have at least a minimal social media
presence. Facebook ... Show more content on Helpwriting.net ...
Who will spend 15 minutes every day to either tweet something on Twitter, or retweet something,
post a status update on Facebook or check the insights and activity. It doesn't have to be you, the
business owner. I recommend to my clients that they have someone else do the basics and leave the
relationship building to themselves. Once you have established who, decide when. Facebook
marketers are notorious for posting multiple times a day and losing their audience. Twitter feeds can
and often are more than once a day without being annoying, while Linked In may be once a week or
even every two weeks. Here is how we set up our

Running A Small Business
Based on my completed skills assessment and other textbook worksheets, a field that might be a
good fit for me is being an entrepreneur of a small business for clothing. Looking at the results of all
the assessments I can think like an entrepreneur and I have the drive, passion, creativity, control, and
ability to take on and face challenges of running a small clothing store. It will definitely be difficult,
but it is a dream I have had for so long to own my own business and I know I would love it and
never get bored. I can live my lifestyle, put in the hard work, and do something that interests me and
makes me want to work every day. I may not have a lot of experience yet or all the knowledge to
run a successful company, but I have a great ... Show more content on Helpwriting.net ...
Although I have some knowledge in this field, I do not have the passion or the drive like I do for
clothing. I know my business would fail, because I would be bored, not interested, and would not
want to work. I am also not too good with numbers and I would be stressed out all the time and
focusing on every detail and not the big picture. I know that accounting is extremely important
when it comes to a successful company, so even though I may know how to complete the books and
stay on top of every business activity to make great decisions, I would rather hire a trustworthy
accountant. That way I can focus on my true passion and enjoy my job, while also having honest
financial accounts for my business. I believe there is a field for everyone out there, but accounting is
not a good fit for

An Example Of Small Business In The Walt Disney Company
People wonder all the time how companies started out and how they got so successful? An example
of a person who has helped successful people get off their feet. James Dill, the founder of CT,
allegedly is the person that laid down the foundation for the incorporation law ("CT Sponsors 2015
Small Business Week."). They are associated with the SBA, also known as the Small Business
Association. CT Corporation offered a convention like event about recognizing small business and
their contributions to America. These conventions date back to 1963 ("CT Sponsors 2015 Small
Business Week."). Certain traits help small businesses become successful, such as, persistence,
confidence, fearlessness, and passion.
This skill is something everybody needs if success is wanted; that skill would be persistence.
Persistence is a good skill to have because it means having a will to continue an action even when
obstacles get in the way. Henry Ford tried making a 4–wheel vehicle mainly running on ethanol.
After failing his attempted on the car, Henry invented the model T as part of his Ford Motor
Company (Kaufman). Even when Henry failed, he kept trying new idea until he got what he wanted.
Another person who had persistence was Walt Disney. He was told at a young age that he "had no
good ideas and lacked imagination" (Kaufman). Those thing did not get in his head and he ended up
making movies part of the Walt Disney Company. According to Biz Stone, co–founder of Twitter,
"Timing, perseverance, and

Essay On Small Business
Online Tools Small Businesses Need to Use in 2017
It's not possible to survive as a business in 2017 without having a strong online presence.
Technology is here to stay and you need digital tools to make the most of the limited resources you
have as a small business. The good news is that there are plenty of such tools that will help make
you make doing business a lot easier and more straightforward.
Here are some of the top tools your small business needs to use in 2017.
TrackSmart
If your small business employs a small (or big) team, you should use online tool TrackSmart. The
web–based time and attendance software will make it super easy to keep track of shifts, time off,
vacations and other such HR elements. You can even create ... Show more content on
Helpwriting.net ...
Snappa
Snappa is a great media tool that helps you create beautiful and powerful graphics to use on social
media, ads and blogs. It's a solid alternative for Photoshop – much easier to use and plenty of
beautiful templates you can use and tweak. You can also upload your own messages. One of the best
uses for Snappa is the ability to make infographics. You can trial the tool before committing to the
monthly subscription.
muvee
If your business requires the use of video as part of its service or even the ad materials, you should
consider muvee. The software tool is a video editing system that you can use to create stunning clips
with the help of video or photos. You can incorporate music and other effects in an instant and the
tool will help you make decisions that lead to the best results.
Quickbooks
Accounting can take a big chunk of your time. But it's also something your business wants to get
right because it can mean the difference between a profitable year and a non–profitable year. To
make the most of your finances and ensure you spend a fortune on private accountants, get the

online tool QuickBooks. The accounting software will help with budgeting, tax compliance,
invoicing and financial planning. It's super easy to use and it can provide you a cost–effective
solution to this tedious task.
Sliptree
Another great money–management tool is Sliptree.

Is Sustainability A Path For Profitability And Competitive...
Ibrahim Alojeel
Is Sustainability a path to Profitability and Competitive Advantage for Small Business in America?
"If we each take responsibility in shifting our own behavior, we can trigger the type of change that is
necessary to achieve sustainability for our race or this planet. We change our planet, our
environment, our humanity every day, every year, every decade, and every millennia".
Yehuda Berg
I. Introduction
In this era of sustainable development, companies have realized the importance of adopting a
corporate social responsibility and contributing their part in the development of environmental
sustainability in the community that they are a part of. However, what is interesting to note is that
many companies have found the ... Show more content on Helpwriting.net ...
by "going green" and adopting sustainable practices as an attractive opportunity for them to reduce
their costs and increase their profits. For example, a New York–based mass producer of furniture,
Human scale, cut back its carbon footprint only to find out that it also helped the company to reduce
its electrical, packaging and shipping costs. Similarly, companies like New Belgium and Aspin
Skiing Co. have also found that "environmental conscience wasn 't divorced from critical business
need", meaning following their corporate responsibility can actually benefit them in terms of
increased revenues (Kramer, 2013). However, the situation is not the same for small businesses in
America.
Small Businesses and Sustainability:
Small businesses or SMEs can be defined as those types of businesses where the total number of
employees is less than five hundred and such businesses have much fewer resources than large
companies (Russell & Young, 2013). These businesses are a source of growth for the U.S. economy
as they bring innovation and new opportunities for jobs in the market. These businesses represent
approximately 99 percent of the US employer firms and contribute greatly towards the creation of
new private sector jobs. Thus if these companies agree to adopt sustainable strategies, this will not
only benefit them but also the entire American economy (Russell & Young, 2013). This makes the

Essay on Analysis of Small Business Problems & Priorities
Analysis of Small Business Problems & Priorities Research Paper
The following is an analysis of a business research paper written by Bruce D. Phillips for the
National Federation of Independent Business Research Foundation in conjunction with Wells Fargo
as a resource for individuals looking to start small business endeavors titled, "Small Business
Problems & Priorities."
Purpose of the Research
Throughout the research paper, Phillips outlines the possible problems, critical issues, and major
priorities small business owners should consider as they move forward within their specific business
plans. Additionally, Phillips describes many of the pitfalls associated with specific industries, such
as agriculture, wholesale trade, ... Show more content on Helpwriting.net ...
Parties Involved in the Research The main research party involved in this project was the National
Federation of Independent Business (NFIB) Research Foundation. Founded in 1943, the NFIB is a
nonprofit, nonpartisan organization that represents the interest of small, private, and individually
owned businesses (NFIB Website, 2007). The research paper's author, Philips, is also a director for
the foundation.
Additionally, Wells Fargo provided funding for the project and submitted financial data and loan
procurement information as part of the research process. Other informational contributors for the
project included the American Small Business Association and the Federal Government's Central
Contracting Agency.
Methods Used to Conduct the Research Project The main method of research used in this project
was data analysis. Philips first analyzed federal, state, and local laws and regulations pertaining to
small businesses. He then compared that data to specific industry sector information to determine
how those factors changed the business requirements. Next he compared his consolidated data
against Wells Fargo's financial information to determine what pitfalls and problems small business
owners could run into while applying for business startup loans. Once the main

The Importance Of Small Business
Business in a Changing World provides an excellent overall introduction into the world of business.
While studying this textbook, five areas stood out to me as being particularly important and
essential in creating and maintaining a small business. These areas include the following: small
business advantages, using digital media for marketing and advertising, identifying products,
abusive and intimidating behavior and the importance of good communication and organizational
skills. The section on advantages of small business ownerships lists several reasons why an
individual might pursue a small business instead of working for a corporation. For example, some
individuals prefer being their own boss and enjoy crafting their own schedule taking into
consideration their own unique family and lifestyle. Furthermore, the availability of affordable
technology and internet access makes it possible to do certain types of work at home or on a small
scale that in the past would have required the financial support and resources of a much larger
business. Additionally, the list of 10 Successful Traits of Young Entrepreneurs helped me better
evaluate my potential to start and maintain a small business. Digital media is an extremely important
aspect of today's current business climate. Throughout the textbook digital media is referenced as a
tool for small and large businesses due to the flexible nature of the internet and the way in which
recreational forms of media can also be used

Business and Small Scale Industries
THE ROLE OF SMALL SCALE INDUSTRY IN NATIONAL DEVELOPMENT IN NIGERIA
Ayozie Daniel Ogechukwu, Delta State University, Abraka, Delta State, Nigeria, The Federal
Polytechnic, Ogun State, Nigeria Abstract A business whether small or big, simple of complex,
private or public is created to provide competitive prices. Business in Nigeria has been classified as
small, medium and large. In both the developed and developing countries, the government is turning
to small and medium scale industries, as a means of economic development and a veritable means
of solving problems. It is also a seedbed of innovations, inventions and employment. Presently in
Nigeria, SMEs assist in promoting the growth of the country's economy, hence all the levels of ...
Show more content on Helpwriting.net ...
In the wake of SFEM, and SAP, this value has now been reviewed and subsequently, increased to
five million naira. Since this happened, there may be a need to classify the small scale industry into
MICRO and SUPER MICRO business, with a view to providing adequate incentives and protection
for the former. In the meantime, any business or enterprise below the upper limit of N250, 000 and
whose annual turnover exceeds that of a cottage industry currently put at N5, 000 per annum is a
small scale industry. The National Directorate of Employment (NDE) concept of a small scale
industry has been fixed to a maximum of N35, 000. Historical Development and Orientation of
Small Scale Industry in Nigeria Small scale industry orientation is part and parcel of Nigeria.
Evidence abound in our respective communities of what successes our great grand parents made of
their respective trading concerns, yam barns, iron smelting, farming, cottage industries and the likes.
So the secret behind their success of a self reliant strategy does not like in any particular political
philosophy, so much as in the people's attitude to enterprise and in the right to which the right
incentive is adequate enough to make risk worth taking are provided. Economic history is well
stocked with enough insights into the humble beginnings of present day grand corporation.
Evidences abound that almost all of the multinational giant

Impact Of Small Scale Business In Small Business
In the Academy Marketing Studies Journal, it states,"Since 2008 the number of small businesses
using social media has doubles as their leader seek to create visibility and awareness, to identify and
attract new customers, and to reinforce or change their companies respective perceived brand
images." Since marketing trends follow social media so closely, financial crisis can occur if
businesses are unable to adapt to their target audience's needs. If the business wishes to thrive and
continue to evolve with modern trends, then an awareness of ever changing strategies is critical to
success. Small business owners start off with a concept and a goal of meeting a need in their
community to the best of their ability, however, recently large corporations have become more
prevalent in meeting those same needs at a larger scale. Therefore, small businesses have
encountered a higher number of crisis because they could not compete with the larger corporations.
The Journal of Entrepreneurship Development states, "A system is considered to be strong when its
smallest individual components are strong, self organized and controllable... a well organized small
scale industry in the strong quantum for large scale production." This article highlights a concept
that the nations likelihood for experiencing financial crisis is attributed to the strength of its small
scale industry. Small size enterprises have been especially hit hard by global crisis due to their size
and limited resources, and

Benefits of Small Business Advisor Consultations

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