Identify the people who start small businesses and the reasons why some succeed and many fail.
Such personal characteristics as independence, desire to create a new enterprise, and willingness to accept a challenge may encourage individuals to start small businesses.
Various external circumstances, such as special expertise or even the loss of a job, also can supply the motivation to strike out on one's own. Poor planning and lack of capital and management experience are the major causes of small-business failures.
Learn More :
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.
- Define what a small business is and recognize the fields in which small businesses are concentrated.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.