In America eight out of ten small businesses fail in just their first year. Competition and lack of financing are two huge factors that lead to businesses failing. In 2009 more and more workers started to leave their more secure jobs to start their own business and become entrepreneurs. (Hannon 68) Over six hundred thousand small businesses were started, but that number means nothing if eighty percent of them (480,000) were doomed to fail in only twelve short months. (68)
Even though small businesses are a huge factor to boosting the economy in times of economic downfall, with their creation of decent paying jobs, the thought of them receiving help is often times pushed to the side. (Leonard 18) The success of ones’ business most times depends on the owners marketing abilities. (Arensmeyer 5) More importantly their ability to avoid making false claims, for that in the business world, is one of the quickest ways to get sued. (5)
Managing a business can be very stressful especially being that most times one would be making decisions that could lift or drive their business straight into the ground. (Arensmeyer 3) One of the most important th...
... middle of paper ...
Arensmeyer, John. "Small Business Matters." http://www.smallbusinessmajority.org. 23 Jan. 2014.
Bagley, Rebecca. "Innovate, Grow, Succeed: Staying Competitive In Today's Economy." http://www.forbes.com. 18 Mar. 2013.
Careers In Focus: Financial Services. New York: Ferguson, 2006.
Demuth, Erin. “Small businesses draw buyers in with popular merchandise.” The Post Star. 28 Nov 2006
Hannon, Kerry. “Kick-starting a business of your own.” U.S. News and World Report. Mar 2010. p. 68-70
Leonard , Jeffrey. "Do Small Business A Simple Favor." Washington Monthly Jan. 2011: 18-19.
Nucifora, Alf. “Small businesses utilize point-of-purchase advertising.” Business Journal Serving Fresno & the Central San Joaquin Valley. 19 Jul 1999. p. 2-4
Panissidi, Paula. “Developing a Marketing Plan.” www.sba.gov
Scott, Alex. Personal Interview.14 Feb 2014.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- In the United States, small businesses play a vital role in building the economy. Today, there are over 28 million small businesses in America. What exactly is considered to be a small business. Initially, the Small Business Administration (SBA) deemed any manufacturer with 250 employees or less to be a small business, but today it considers companies with fewer than 500 employees to be small. Today’s marketplace is an excellent opportunity for the budding entrepreneur. Today’s small business owner has a wealth of opportunities to help him/her gain economic success in today’s marketplace.... [tags: Business, Small business, Management]
1516 words (4.3 pages)
- At some point in time Carnegie and Frick were at a place where they had their employees working longer hours, harsher conditions, and less money that wasn’t suitable to live in. Frick knew that this would up the profits of the company but, he didn’t think that the employees would respond negatively to it. The employees were being severely overworked, which resulted in their lack of ability to perform the job the way they use to do them. The employees were so tired of the horrible working conditions and low wages that they went on strike, which is the last thing that managers want to deal with.... [tags: US business history, Carnegie]
1506 words (4.3 pages)
- Owen Paterson said “The relationship between renewable energy sources and the communities we expect to host them must be appropriate and sustainable and, above all, acceptable to local people.” For that reason, environmentalists have long assumed that wind power is a much more efficient and sustainable way to generate electricity. However, non-supporters of wind power state otherwise because there are a few negative outcomes to using wind power. Ultimately, when it came to the nature of wind power the basic assumption was that it is beneficial to the environment and communities.... [tags: Renewable Energy Sources, Wind Power]
1963 words (5.6 pages)
- The historian Ronn Pineo wrote “Beginning in the 1980s nearly all of Latin America began to take part in a great experiment, the adoption of capitalist free market economic policies.” (1) This great experiment began with the promotion of democracy and free market that promised a better future for Latin America. Neoliberalism, the economic ideology that promotes free-market capitalism, laid the foundation for many of the US military interventions and economic policies that caused a dramatic transformation of Latin America.... [tags: United States, Americas, Latin America]
1343 words (3.8 pages)
- From the late 1800s to the early 1900s, the Gilded Age was a time of American inventions and innovation. As the work place transitioned from rural plantations to industrialized cities, specialized farmworkers stood no chance against a handful of powerful businessmen. A large majority of the socioeconomic power resided in the hands of large corporations, as they dominated the economy and its workers. In Makers, Takers, and Fakers, the author specifically targets Andrew Carnegie and John D. Rockefeller who monopolized the steel and oil industries, respectively.... [tags: Women, Industrialism, Immigration]
1443 words (4.1 pages)
- There are many opportunities in America that can improve one’s wealth and power, thus leading to the mass amount of immigrants coming to American. Most immigrants that come to American usually are categorized as the lower class immigrants, but they take any opportunities to improve their economic status. In an article by Howard P. Chudacoff, it states “immigrants generally chose upward paths that led from manual labor into small proprietorships” (Chudacoff 1982: 104). This explains the reason why immigrants choose to come and stay in America.... [tags: Social class, Sociology, Middle class, Gender]
736 words (2.1 pages)
- At the turn of the 21st century, Nestlé has embarked on a Global Business Excellence (GLOBe) project. It aimed to unify the business practices with the support of technology. One of its key trusts was to adopt best practices in all key facets of the businesses. Such was with the support of an application system - SAP. The application system was implemented through a big bang approach in every country in the three regions of Nestlé, namely: America, Europe and Asia-Oceania and Africa (AOA). While the objective was ambitious and grand it was challenging and difficult but it was smooth and successful.... [tags: business management]
931 words (2.7 pages)
- Customer service is critical to any business small or large corporation (SBA, n.d.) Customer service could be the best tool for a small business. The smaller the business the better customer service and customer interactions could make up the difference of the brand of a company. It is difficult for a small business to compete with the large businesses in the purchasing power and pricing of the merchandise. An American Express study revealed that 70 percent of consumers would be willing to pay more for good customer service.... [tags: Customer service, Good, Customer, Business]
1599 words (4.6 pages)
- Power of the quake When humans are under tremendous pressure, they are told that they should try and relieve some stress. The same is true of mother earth when she is under a terrible strain; she has to relieve some stress, only Earths version of blowing off some steam is very deadly and extremely terrifying. An earthquake is a vibration of the Earths surface that follows a release of energy in the Earths crust. There are various ways this energy is released. Manmade explosions, dislocation of segments of the crust or volcanic eruptions are all triggers for an Earthquake; however, most are caused by a slippage of faults.... [tags: essays research papers fc]
1656 words (4.7 pages)
- Central America Central America, just south of Mexico and North of Panama, consists of just six countries; Guatemala, Belize, El Salvador, Honduras, Nicaragua, and Costa Rica. Of those six, all share a distinct common history except for Belize. Belize for one is incredibly small, and while Spanish is the official language of other Central American countries, in Belize English is spoken. So throughout this paper as I carelessly say 'Central American' I am not including Belize whose history and development was far different than the others.... [tags: Central American History]
1385 words (4 pages)