Free Essays on Small Business to Get Inspired & Learn by Example

Background Information

There are over four million registered small businesses that are owned by people from minority communities in the United States of America. Since 2007, these businesses have provided employment opportunities for over 4.5 million people. Additionally, the small businesses owned by people from minority communities have generated over 660 billion dollars in terms of revenue (Minority Business Development Agency, 2010). Many of the studies on entrepreneurship focus on the success of businesses even though little information of business failure exists (Arasti & Zandi, 2010). By inference, an individual’s knowledge on entrepreneurship is incomplete if it lacks the acknowledgment of Continue reading...

The High Growth Market Opportunities for the Challenges Facing Minority Owned Business

Literature Review
This part of the paper will particularly deal with relevant literature on the growth market opportunities and challenges facing owned business. A number of researchers do argue that market opportunities for small owned business strongly relates to the capital framework of the business. Thus, the leverage of a business to earnests the availed market opportunities will depends on its financial strength. Other authors, on the other hand, give insight in terms of the economy of a particular region or a country, the stronger the economy, the more opportunities availed for the business owners. The discussion in this Continue reading...

Introduction

A contract isapact entered into by two or more competent parties with the objective of creating a legal commitment between the parties. Proof of a contractis written, but they could also be verbal or implied. Some contracts such as for insurance policy, sale of real property, and installment plans have to be on paper in order to be legally binding. The fundamental attributes of a contractual relationship are an offer, consideration, competent parties with the legal capacity to enter a contract, and mutual assent. Each party involved in the contract acquires responsibilities and rights relative to the responsibilities and Continue reading...

Background Information

There are over four million registered small businesses that are owned by people from minority communities in the United States of America. Since 2007, these businesses have provided employment opportunities for over 4.5 million people. Additionally, the small businesses owned by people from minority communities have generated over 660 billion dollars in terms of revenue (Minority Business Development Agency, 2010). Many of the studies on entrepreneurship focus on the success of businesses even though little information of business failure exists (Arasti & Zandi, 2010). By inference, an individual’s knowledge on entrepreneurship is incomplete if it lacks the acknowledgment of Continue reading...

Abstract

The interview was conducted in the office in her business premises at 3.45 on a Friday afternoon. The interviewee was straightforward with her responses, with many of her responses highlighting past experiences from running her business. The interviewee tempered her answers with personal convictions as well as common business knowledge. The most outstanding challenges highlighted were social perceptions and access to credit. One of the strategies recommended by the interviewee was forming partnerships.

Background Information

There are over four million registered small businesses that are owned by people from minority communities in the United States of America. Since 2007, these businesses Continue reading...

Introduction

Both the entrepreneurs and the small business owners show the same characteristics, mostly when growing the ventures at first. They are both known to work for many hours and make personal sacrifices when building their businesses. Many individuals use the concepts of entrepreneurship and small business ownership interchangeably, but although they might have much in common, they are different. Differentiating between the two can be tricky. Factors like personal objectives, technical expertise, strategy, and motivation create distinctions between small business ownership and entrepreneurship.
In entrepreneurship, there is the capability and readiness of an entrepreneur to develop, organize, and control Continue reading...

Business Law

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Business Law
The owner of a manufacturing business has grown significantly and looking at making some necessary business decisions as profit increases, along with risk and liability. The company produces a number of items that require carpentry and wood work. These products include wood moldings, hardwood doors, high-end kitchen cabinets, specialty cabinets and bookcases for dens, home libraries, offices, and any merchandise made of wood. As a sole proprietor of his growing business with in house employees, as well occasionally hiring outside subcontractors, he is considering the type of business operation most suitable for his company. In Continue reading...

Business Law

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Business Law
The owner of a manufacturing business has grown significantly and looking at making some necessary business decisions as profit increases, along with risk and liability. The company produces a number of items that require carpentry and wood work. These products include wood moldings, hardwood doors, high-end kitchen cabinets, specialty cabinets and bookcases for dens, home libraries, offices, and any merchandise made of wood. As a sole proprietor of his growing business with in house employees, as well occasionally hiring outside subcontractors, he is considering the type of business operation most suitable for his company. In Continue reading...

Modern world if full of people who come from different backgrounds and from different cultures and the term minorities started to appear more often. Minorities plays a significant role in the economy of United States, and the number of businesses owned by minorities keeps growing every year. Thus, the statistics shows that the number of businesses owned by minorities grew by 46%, in the period from 2002 until 2007. This number represents a rapid growth, especially in comparison to the 10% growth of nonminority owned businesses (Ordonez, 2014). In such a way, minorities own approximately 15% of businesses in Continue reading...

Introductory Scenario

No matter what the type of organization will be, but the stance of diversity is found in almost every company of the world (Borelli & Lenzerini, 2012). Organizations or Enterprises have been divided into two different forms small medium sized organizations and large organizations. Small Business usually referred to those businesses which are smaller in size as well as in Capital, while large organizations are the one which have comparatively higher capital (Borelli & Lenzerini, 2012).
Increasing the residual claims and economic profit is the most important aspects that associated with every type of businesses, as businesses always strive hard for Continue reading...