the dynamic role of a small business
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The Dynamic Role of a Small Business. Chapter 1. Who are these people?. Bill Gates. Sam Walton. Bill Rosenberg. Fred Deluca. Richard Branson. Ray Kroc. Debbi Fields. What did they start with?. What is a Small Business and why is it important?.

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who are these people
Who are these people?

Bill Gates

Sam Walton

Bill Rosenberg

Fred Deluca

Richard Branson

Ray Kroc

Debbi Fields

What did they start with?

reasons for increased interest in small business
Reasons for increased interest in small business
  • Number of small businesses is ______________ rapidly
  • Every year about 750,000 people in the US start a business
  • Public ___________ small business
  • Increasing _____________ at high schools and universities
  • Growing trend toward ____________
  • Small business _________to all ages
classification of businesses by size according to sba
VERY SMALL

Under 20 employees

MEDIUM

100-499

employees

SMALL

20-99

employees

LARGE

More than 500 employees

Classification of Businesses by Size, According to SBA

The IRS classifies 96% of American Businesses as small

small business
Small Business
  • Established to further ______________and make a ___________
  • ______________ owned and operated
  • not __________ in its field
entrepreneurial venture
Entrepreneurial Venture
  • ___________are profitability and growth
  • objectives achieved through innovation and __________ management
  • ____________ may eventually become an entrepreneurial venture
contributions of small business
Contributions of Small Business
  • Maintain close __________ with customers and community
  • Keep larger firms ________________
  • Provide employees with _____________ learning experiences
  • Develop ___________________
  • Generate ___________________
problems facing small business
PROBLEMS FACINGSMALL BUSINESS
  • Lack of
  • Gov’t regulations (red tape)
  • Competition from companies
  • Management
current challenges to entrepreneurs and small business owners
Current Challenges to Entrepreneurs and Small Business Owners
  • Diversity in the workforce
  • Empowering employees
  • Work team performance
  • Exploding technology
  • Occupational and industry shifts
  • Global Challenges
entrepreneur characteristics
Entrepreneur Characteristics
  • Confidence
  • Drive
  • Risk-taker
  • Competitive
  • Organized
  • OPTIMISTS
entrepreneur
ADVANTAGES

Independence

Satisfaction

Financial Reward

Self-Esteem

DISADVANTAGES

Failure

Obstacles

Loneliness

Financially Insecure

Long Hours

Hard Work

Entrepreneur
sba small business administration
SBASmall Business Administration
  • Helps to start, build

and grow businesses

  • Supplies aid, counseling, assistance

and protection to small businesses.

www.sba.gov

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