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Chapter 5: Small Business, Entrepreneurship, and Franchises - PowerPoint PPT Presentation


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Chapter 5: Small Business, Entrepreneurship, and Franchises. Learning Objectives. Define what a small business is and recognize the fields in which small businesses are concentrated. Identify the people who start small businesses and the reasons why some succeed and many fail.

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Presentation Transcript
learning objectives
Learning Objectives
  • Define what a small business is and recognize the fields in which small businesses are concentrated.
  • Identify the people who start small businesses and the reasons why some succeed and many fail.
  • Assess the contributions of small businesses to our economy.
  • Judge the advantages and disadvantages of operating a small business.
  • Explain how the Small Business Administration helps small businesses.
  • Appraise the concept and types of franchising.
  • Analyze the growth of franchising and franchising’s advantages and disadvantages.
small business a profile
Small Business: A Profile
  • The Small-Business Sector
  • Industries That Attract Small Businesses
    • Distribution Industries
    • Service Industries
    • Production Industries
the people in small businesses the entrepreneurs
The People in Small Businesses: The Entrepreneurs
  • Characteristics of Entrepreneurs
  • Other Personal Factors
  • Motivation
  • Women as Small-Business Owners
  • Teenagers as Small-Business Owners
  • Why Some Entrepreneurs and Small Businesses Fail
the importance of small businesses in our economy
The Importance of Small Businesses in Our Economy
  • Providing Technical Innovation
  • Providing Employment
  • Providing Competition
  • Filling Needs of Society and Other Businesses
the pros and cons of smallness
The Pros and Cons of Smallness
  • Advantages of Small Business
    • Personal Relationships with Customers and Employees
    • Ability to Adapt to Change
    • Simplified Record Keeping
    • Independence
    • Other Advantages
the pros and cons of smallness cont
The Pros and Cons of Smallness (cont.)
  • Disadvantages of Small Business
    • Risk of Failure
    • Limited Potential
    • Limited Ability to Raise Capital
  • Developing a Business Plan
  • Components of a Business Plan
the small business administration
The Small Business Administration
  • SBA Management Assistance
    • Management Courses and Workshops
    • SCORE
  • Help for Minority-Owned Small Businesses
    • Small-Business Institutes
    • Small-Business Development Centers
    • SBA Publications
  • SBA Financial Assistance
    • Regular Business Loans
    • Small-Business Investment Companies
  • State of Small Business During the Recession
franchising
Franchising
  • What Is Franchising?
  • Types of Franchising
the growth of franchising
The Growth of Franchising
  • Are Franchises Successful?
  • Advantages of Franchising
    • To the Franchisor
    • To the Franchisee
  • Disadvantages of Franchising
  • Global Perspectives in Small Business