Small Business - 3396 Words

Mid term 1. What are the benefits of owning a small business Surveys show that owners of small businesses believe they work harder, earn more money, and are happier than if they worked for a large company. Before launching any business venture, every potential entrepreneur should consider the benefits of owning a small business. * Opportunity to gain control over your own destiny: Entrepreneurs cite controlling their own destinies as one of the benefits of owning their own businesses. Owning a business provides entrepreneurs the independence and the opportunity to achieve what is important to them. Entrepreneurs want to â€Å"call the shots† in their lives, and they use their businesses to bring this desire to life. A study by the†¦show more content†¦Because members of this generation are responsible for 70 percent of all US business start-ups, â€Å"generation X† might be more appropriately called â€Å"generation E†. There is no slowdown in sight as generation Y ( the millenials), begins to flex its entrepreneurial muscles. The global entrepreneurship monitor reports that globally entrepreneurial activity is highest among people between the ages of 25 and 34, but those in the 18-to-24 age group are strong second. In the united states, a recent survey by junior achievement reports that 69 percent of teenagers say they hope to la unch their own businesses. * Women entrepreneurs Despite years of legislative effort, women still face discrimination in the workforce. However, small business has been a leader in offering women opportunities for economic expression through employment and entrepreneurship. Increasing numbers of women are discovering that the best way to break the â€Å"glass ceiling† that prevents them from rising to the top of many organizations is to start their own companies (fig 1.3). The freedom that owning their own companies gives them is one reason that women-owned businesses are growing at a rate that is nearly twice as fast as that of all private businesses. Many of them are in fields that traditionally have been male dominated. Although the businesses women start tend to be smaller than those men start, theirShow MoreRelatedEssay On Small Business1382 Words   |  6 PagesServiced Office Spaces Benefit Small Businesses Serviced offices are becoming more and more attractive to small business owners especially those operating in U.S main cities such as New York, Kansas, Los Angeles, Miami and Las Vegas among many others. One can easily access prestigious rental serviced office spaces like the ones we offer in the heart of Midtown Manhattan. Furthermore, serviced office spaces located in trendy and upmarket areas provide start-ups and small companies the chance to raiseRead MoreBenefits Of A Small Business2005 Words   |  9 PagesI. 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, technologyRead MoreEntrepreneurs And Small Business Owners1893 Words   |  8 Pagesand small business owners within academia, and how they can be defined and differentiated. This paper will explore how small business owners and entrepreneurs are divergent, through the similarities and differences between their ventures, characteristics and motivations. This essay will examine academic text to express these differences and show what characteristics create an entrepreneur which has the skills and power to develop a growth firm. While attempting to differentiate small business ownersRead MoreThe Dummies Guide For A Small Business2645 Words   |  11 PagesResolutions 11 Possible Solutions 11 Longitude and Latitude 13 Scope 13 Conclusion 13 â€Æ' 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. â€Æ' Introduction In recent years, CybercrimeRead MoreSmall Business2016 Words   |  9 PagesChapter 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 personalityRead MoreBuilding A Small Business At An Affordable Cost1218 Words   |  5 Pagesglobal 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 CanadaRead MoreSmall Business Technology By Bill Simms917 Words   |  4 PagesSmall 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 companyRead MoreWays to Establish a Small Business Essay1182 Words   |  5 Pagesthink 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 man agement skill. Establishing a small business can be easy or hard dependingRead MoreBusiness Strategy Of Small Business1321 Words   |  6 PagesIntroduction 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 operationsRead MoreEssay on Small Business1238 Words   |  5 PagesSmall 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 cant afford to hire the best qualified people that