- Small businesses make up over 99% of all businesses in the US and are a major contributor to the economy, employing over half of the private workforce.
- The Small Business Act defines a small business as independently owned and operated, not dominant in its field, and varies in size standard by industry.
- Women and minorities are starting small businesses at increasing rates, with over 1 in 3 and 1 in 5 small businesses owned by women and minorities respectively.
New Entrepreneurs and High Growth Entreprises in the MENA RegionOECDglobal
Presented at the July 2012 Meeting of the OECD-MENA Initiative's Working Group on SME Policy, Entrepreneurship and Human Capital Development http://www.oecd.org/mena/investment
I recently attended the First Lebanese Startups Conference in New York City and I was frankly pleasantly surprised by the top caliber of speakers and the spirit of Lebanese entrepreneurship.
30 speakers, 25 startups, 50 investors and 250 entrepreneurs and professionals at The Plaza Hotel in New York City. A real inspiring event to be remembered.
Do you want to be a billionaire by @EricPesikEric Pesik
Billionaires are members of the most elite group of people in the world. To join the billionaire club, you must be one in three million. The good news is - if you want to join this elite club, its membership is growing. According to the Wealth-X and UBS Billionaire Census 2014, the world’s population of billionaires increased 7% last year to reach a record high of 2,325 billionaires.
Do you have what it takes to become a billionaire?
New Entrepreneurs and High Growth Entreprises in the MENA RegionOECDglobal
Presented at the July 2012 Meeting of the OECD-MENA Initiative's Working Group on SME Policy, Entrepreneurship and Human Capital Development http://www.oecd.org/mena/investment
I recently attended the First Lebanese Startups Conference in New York City and I was frankly pleasantly surprised by the top caliber of speakers and the spirit of Lebanese entrepreneurship.
30 speakers, 25 startups, 50 investors and 250 entrepreneurs and professionals at The Plaza Hotel in New York City. A real inspiring event to be remembered.
Do you want to be a billionaire by @EricPesikEric Pesik
Billionaires are members of the most elite group of people in the world. To join the billionaire club, you must be one in three million. The good news is - if you want to join this elite club, its membership is growing. According to the Wealth-X and UBS Billionaire Census 2014, the world’s population of billionaires increased 7% last year to reach a record high of 2,325 billionaires.
Do you have what it takes to become a billionaire?
The economic and business case for global LGB&T inclusion.
Open For Business is a coalition of global companies making the case that inclusive, diverse societies are better for business and better for economic growth. The purpose of the coalition is to promote a positive business and economic case for equality of opportunity for everyone, all across the world.
They have published a comprehensive report, written by Brunswick partners, Jon Miller and Lucy Parker, which shows that successful businesses thrive in open, diverse and inclusive societies.
For more information visit: www.open-for-business.org
There is a lot of buzz about small businesses. But, how are small businesses faring? Are they thriving and boosting local economies? Or, are they merely existing and fading away? This infographic is packed with statistics that illustrate a picture of the robust U.S. small business sector.
Micro Economic Business Model To Employ The HomelessAlan Graham
Recognizing that many of our homeless population desire to have fulfilling employment but whose circumstances might not warrant gainful employment we want to implement a business model to create work for those who are physically and mentally capable. Many in the industry of service to the homeless have noticed that most struggle with the typical structure of employment and may even be learning disabled; struggling to keep a commitment and to stay focused. When asked what they best like about being homeless one of the common answers is freedom. We will reach out to those entrepreneurs in the community who desire to mentor the formerly homeless in starting small flexible businesses. Skills taught will be startup, management, marketing, customer service and operations. All of the profit will go towards the newly minted entrepreneur. The goal is to create a modest living income source that is sufficient to live with dignity within the Habitat on Wheels community. That income is approximately $850 per month net.
The best way to predict the future is to create it. Each day, entrepreneurs follow that
spirit and thereby contribute to the competitiveness and prosperity of our countries.
Yet, how do people around the world feel about entrepreneurs?
Metropolitan Economic Development Association's presentation from One Minneapolis: A Call to Action! conference December 2, 2011 hosted by the Minneapolis Department of Civil Rights
Social Media and Small Businesses: A Combinational Strategic Approach under t...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
ScaleUp Partners is America's only economic development consultancy focused on inculcating Inclusive Competitiveness: improving the competitive performance of underrepresented populations in the innovation economy.
Our approach relies upon three priorities:
1. Changing the economic narrative across underrepresented populations in urban and rural regions
2. Inculcating Inclusive Competitiveness policies and strategies in regions across the U.S.
3. Connecting economically disconnected communities to local innovation ecosystems and economic opportunity
We believe:
STEAM education (science, technology, engineering, arts and math) is a critical educational prerequisite to access the dual pipelines of productivity:
A. High-wage, tech-based workforce
B. High-growth, tech-driven entrepreneurship
ScaleUp Partners assists regions in achieving their economic competitiveness goals through development of Inclusive Competitiveness strategies and frameworks.
We work with educational institutions, foundations, policymakers, elected leadership, tech-based economic development organizations, community development organizations, small businesses, entrepreneurs, funders and equity investors, and regional development organizations nationwide.
Inclusive Competitiveness: Empowering Underrepresented Ohioans to Compete in ...ScaleUp Partners LLC
The Ohio Board of Regents on Oct. 14, 2014 unanimously adopted the report Inclusive Competitiveness: Empowering Underrepresented Ohioans to Compete in the Innovation Economy. The action marked a turning point in the history of America from an exclusive economic landscape of the past toward a future frontier of economic inclusion.
Johnathan Holifield is both architect and author of this extraordinary vision and strategy of Inclusive Competitiveness that is now statewide policy in Ohio, a perennial political battleground state.This bipartisan embracing of a shared economic vision will be inculcated throughout the Ohio system of higher education.
Indeed, this is historic news and worth of emulation by all states across America.
The economic and business case for global LGB&T inclusion.
Open For Business is a coalition of global companies making the case that inclusive, diverse societies are better for business and better for economic growth. The purpose of the coalition is to promote a positive business and economic case for equality of opportunity for everyone, all across the world.
They have published a comprehensive report, written by Brunswick partners, Jon Miller and Lucy Parker, which shows that successful businesses thrive in open, diverse and inclusive societies.
For more information visit: www.open-for-business.org
There is a lot of buzz about small businesses. But, how are small businesses faring? Are they thriving and boosting local economies? Or, are they merely existing and fading away? This infographic is packed with statistics that illustrate a picture of the robust U.S. small business sector.
Micro Economic Business Model To Employ The HomelessAlan Graham
Recognizing that many of our homeless population desire to have fulfilling employment but whose circumstances might not warrant gainful employment we want to implement a business model to create work for those who are physically and mentally capable. Many in the industry of service to the homeless have noticed that most struggle with the typical structure of employment and may even be learning disabled; struggling to keep a commitment and to stay focused. When asked what they best like about being homeless one of the common answers is freedom. We will reach out to those entrepreneurs in the community who desire to mentor the formerly homeless in starting small flexible businesses. Skills taught will be startup, management, marketing, customer service and operations. All of the profit will go towards the newly minted entrepreneur. The goal is to create a modest living income source that is sufficient to live with dignity within the Habitat on Wheels community. That income is approximately $850 per month net.
The best way to predict the future is to create it. Each day, entrepreneurs follow that
spirit and thereby contribute to the competitiveness and prosperity of our countries.
Yet, how do people around the world feel about entrepreneurs?
Metropolitan Economic Development Association's presentation from One Minneapolis: A Call to Action! conference December 2, 2011 hosted by the Minneapolis Department of Civil Rights
Social Media and Small Businesses: A Combinational Strategic Approach under t...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
ScaleUp Partners is America's only economic development consultancy focused on inculcating Inclusive Competitiveness: improving the competitive performance of underrepresented populations in the innovation economy.
Our approach relies upon three priorities:
1. Changing the economic narrative across underrepresented populations in urban and rural regions
2. Inculcating Inclusive Competitiveness policies and strategies in regions across the U.S.
3. Connecting economically disconnected communities to local innovation ecosystems and economic opportunity
We believe:
STEAM education (science, technology, engineering, arts and math) is a critical educational prerequisite to access the dual pipelines of productivity:
A. High-wage, tech-based workforce
B. High-growth, tech-driven entrepreneurship
ScaleUp Partners assists regions in achieving their economic competitiveness goals through development of Inclusive Competitiveness strategies and frameworks.
We work with educational institutions, foundations, policymakers, elected leadership, tech-based economic development organizations, community development organizations, small businesses, entrepreneurs, funders and equity investors, and regional development organizations nationwide.
Inclusive Competitiveness: Empowering Underrepresented Ohioans to Compete in ...ScaleUp Partners LLC
The Ohio Board of Regents on Oct. 14, 2014 unanimously adopted the report Inclusive Competitiveness: Empowering Underrepresented Ohioans to Compete in the Innovation Economy. The action marked a turning point in the history of America from an exclusive economic landscape of the past toward a future frontier of economic inclusion.
Johnathan Holifield is both architect and author of this extraordinary vision and strategy of Inclusive Competitiveness that is now statewide policy in Ohio, a perennial political battleground state.This bipartisan embracing of a shared economic vision will be inculcated throughout the Ohio system of higher education.
Indeed, this is historic news and worth of emulation by all states across America.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Today, small businesses actually benefit over large corporations b/c their small size allows for agility in adapting. Prior generations saw entrepreneurship as a huge risk, but now with huge companies regularly downsizing, it isn’t perceived as that big of a risk to younger generations. 18.7% of the adult population in the U.S. is working to start a business. Essential sources of innovation that spur productivity growth and help change market structure. The majority of small businesses (51.3%) are in the service industry. (retail 10.3%, construction 12.4%, other 16.9%, finance 3.8%, mfg 2.3%, wholesale 2.8%). Many service businesses are faily inexpensive to start (i.e. web development company). MGT 491: Small Business Management
Possibly. the SBA definition allows for a varying max number of employees, depending upon industry. Manufacturing and/or mining for example allows 500 employees. Possibly. same thing with industry. For example, general and heavy construction is $28.5 million in annual sales. The SBA does not limit sales for some industries, such as manufacturing, where the only guideline is under 500 employees. For example, however, with retail and service industries, businesses must earn less than $6 million in annual sales to qualify. The SBA has a 61 page document that explains how it establishes, reviews and modifies its small business size standards pursuant to the Small Business Act (1953). Complex system to define a small business. In 2005, SBA tried to simplify the definition to one that had 100 or fewer employees. For some industries (those where 100 employees are tiny compared to leading firms). This would have been hugely problematic b/c they would have lost loan guarantees and other reasons. MGT 491: Small Business Management
Qualitative characteristics in addition to the quantitative measures. Committee for Economic Development has outlined four characteristics that describe a typical small business. MGT 491: Small Business Management
Terms are often used interchangeably. Entrepreneurs are seen more as change agents in society and take great risks to implement their business and ideas. (62 percent are “opportunity entrepreneurs” who start businesses b/c they spot an opportunity whereas 38 percent are necessity entrep. Who start businesses because they cannot find work any other way. Serial entrepreneurs repeatedly start businesses and grow them before starting another business. 50 Cent: clothing, shoes, video games, brand of Vitamin Water, body spray, and even condoms. Majority of these serial entrepreneurs are leapfroggers who start a company, grow it until they get bored, then sell it to start another. This course specifically looks at small business management and ownership, although much of the information is applicable to both groups. MGT 491: Small Business Management
The SBA has an Office of Women’s Business Ownership (OWBO) that exists to establish and oversee a network of Women’s Business Centers (WBCs) throughout the United States and its territories. Through the management and technical assistance provided by the WBCs, entrepreneurs, especially women who are economically or socially disadvantaged, are offered comprehensive training and counseling on a vast array of topics in many languages to help them start and grow their own businesses. MGT 491: Small Business Management
MGT 491: Small Business Management
MGT 491: Small Business Management
In 2000-2003, firms employing fewer than 20 people were responsible for a net increase of more than 3.5 million jobs. Same time, businesses with 500+ employees saw a net decrease of 3.4 million jobs (mergers and downsizing). Many businesses employ just ONE person. Self-employment as a primary occupation continues to grow, in 2003 more than 12.2 million people (non-farm) were considered to be self-employed. MGT 491: Small Business Management
Not only provide employment, goods and services, but also complement large businesses by doing what large firms either cannot or will not do. Mobility: capital must be free to flow from industries with low rates of return to industries with higher rates of reutn. More likely to employ less-skilled workers and those with no prior experience. MGT 491: Small Business Management
* Independence, create your own destiny and “call the shots” in their lives. Financial opportunity: most never become super rich but some do. Nearly 75 percent of those on the Forbes lsit of the 400 riches Americans are first-generations entrepreneurs. Community Service: contribute to society by filling a need. Job security: When a person owns a business they don’t have to worry about being fired, so there is job security and no mandatory retirement. Flexibility: Schedule own hours around other commitments in life. Family employment: higher morale and trust among family, can provide family employment during economic downturns. Challenge: Thrill of the challenge and risk-taking of potentially failing. FUN: Many SBO start business from their hobbies which is something they love and have passion for. MGT 491: Small Business Management
Fluctuations: with regular check you can budget and plan but for SBO there are often cash ebbs and flows. You can go from making six figures one year to having a negative income the next. Competition: Can prosper at first until a new competitor enters the market and affects sales. Responsibilities: Make all major decisions but knowledgeable in MANY different areas. SBOs have complete responsibility. LONG hours – Avgs. Owner works 52 hrs per week compared to 41.1 for a typical non-SBO. Only about 59 percent take summer vacation. Losses: SBO faces financial losses, which might lead to bankruptcy. Employee relations: Human relations skills are imperative to the success of a business and SBO must manage these things. Laws and regulations: SBs are subject to multiple laws. For example, make sure have appropriate licenses and pay proper taxes, etc. Risk of failure: ultimate risk -- MGT 491: Small Business Management
Book lists 75.5% survival rate within four years of start up, but that is an old statistic from the 90’s. WE WILL USE THE MORE CURENT U.S. DEPT OF COMMERCE STATISTIC. Neglect: later we will watch an episode of Tabatha’s Salon Takeover where you will see a real life example of how an owner’s neglect can destroy his or her business. MGT 491: Small Business Management
Here are some specific management traps that can lead to the failure of the business. These were derived from a study reported by the SBA, that looked at firms that had failed during properous years compared to similar companies who had been successful during that same period. Records: particularly related to financial records. Expansion: grow rapidly but not equipped to handle growth. Lack of info about customers: Requires verifying credit worthiness and ensuring payment by customers. Diversify: when you put all of your eggs in basket and end up serving just a few customers, your business is dead in the water should those customers opt to go elsewhere. Lack of market research: want to conduct market research to best promote your product or service and plan for changes in market conditions. This is an important part of the business plan. Before even thinking of starting a business, one needs to complete the business plan – which is our semester-long assignment for this course. Legal problems: patent infringement, employment-based lawsuits, property ownership disputes. Nepotism: favoritism to family who make lots of money but don’t do much or aren’t qualified for job. Later in semester, will watch an episode of Kitchen Nightmares that shows some of the problems with nepotism or hiring family in a position in which he or she is not really qualified. MGT 491: Small Business Management
One person management: self-employee person gets sick and cannot manage operations, or that person solely holds the knowledge necessary for success. Lack of technical competence: Of course you have to have the technical knowledge about your business and industry to be successful otherwise you will fail. Need to know your business in depth. Owner abandons/neglects company. MGT 491: Small Business Management
Ethics provide the basic rules or parameters for conducting any activity in an “acceptable” manner. With high profile ethics failures such as Enron, Worldcom, Tyco, Bernie Madoff, etc., ethics is more of a concern than ever. Reputation is now key for businesses. Ethical decision making is a challenge that every businessperson involved in large or small enterprises confronts. The entrepreneur-owner’s value system is the key to establishing an ethical organization. An owner has the unique opportunity to display honesty, integrity, and ethics in all key decisions. In small businesses, the ethical influence of the owner is more powerful than in larger corporations MGT 491: Small Business Management
Example of code of conduct is Coca-Cola, whichi s 49 pages total. Here are their five core values. SB will probably have a more simplified code of conduct. MGT 491: Small Business Management
Social responsibility areas include environment, energy (conservation), fair business practices (i.e. don’t discriminate), HR (promote employee healthy, safety, training, childcare, etc.), community involvement (donations, sponsorships, etc., and products (enhance product safety and safety education). Social obligation: maintains low public profile and discloses info when only legally required. Denies problems with business and views contributions as the responsibility of individual employees and gives money only for direct benefit. Social responsibility: offers info more freely, willingly admits problems and accepts responsibility to solve them. Contributes to non-controversial and established causes. Social responsiveness: Similar to above but with greater openness to public access, scrutiny and input, and incrased willingness to support newer and/or more controversial causes. MGT 491: Small Business Management
MGT 491: Small Business Management
Social responsibility areas include environment, energy (conservation), fair business practices (i.e. don’t discriminate), HR (promote employee healthy, safety, training, childcare, etc.), community involvement (donations, sponsorships, etc., and products (enhance product safety and safety education). Social obligation: maintains low public profile and discloses info when only legally required. Denies problems with business and views contributions as the responsibility of individual employees and gives money only for direct benefit. Social responsibility: offers info more freely, willingly admits problems and accepts responsibility to solve them. Contributes to non-controversial and established causes. Social responsiveness: Similar to above but with greater openness to public access, scrutiny and input, and incrased willingness to support newer and/or more controversial causes. MGT 491: Small Business Management
Social responsibility areas include environment, energy (conservation), fair business practices (i.e. don’t discriminate), HR (promote employee healthy, safety, training, childcare, etc.), community involvement (donations, sponsorships, etc., and products (enhance product safety and safety education). Social obligation: maintains low public profile and discloses info when only legally required. Denies problems with business and views contributions as the responsibility of individual employees and gives money only for direct benefit. Social responsibility: offers info more freely, willingly admits problems and accepts responsibility to solve them. Contributes to non-controversial and established causes. Social responsiveness: Similar to above but with greater openness to public access, scrutiny and input, and incrased willingness to support newer and/or more controversial causes. MGT 491: Small Business Management