Define what a small business is and recognize the fields in which small businesses are concentrated.
A small business is one that is independently owned and operated for profit and is not dominant in its field.
There are about 27.9 million businesses in this country, and 99.7% of them are small businesses.
Small businesses employ more than half the nation's workforce.
About 69% of small businesses survive at least two years and about 50% survive at least five years.
More than half of all small businesses are in retailing and services.
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Small Business
- Analyze the growth of franchising and its advantages and disadvantages ?
- Explain the concept and types of franchising.
- Explain how the Small Business Administration helps small businesses.
- Describe the advantages and disadvantages of operating a small business.
- Assess the contributions of small businesses to our economy.
- Identify the people who start small businesses and the reasons why some succeed and many fail.
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