Starting a Small Business Essay

In 1953, legislation created the Small Business Administration (SBA) to further business activities across the United States (U. S. Small Business Administration, n.d.). Specifically, the agency’s purpose was to aid those individuals in the start-up, management, and financing of their small business dreams, as well as provide opportunities to conduct business with the federal government (U. S. Small Business Administration, n.d.). Today, the 28 million modest companies provide more than 50…

October 1, 2007 was the second most important day of my young life. It was the day my business officially opened for operations. This day fell a very short second to the date of my daughter and only child’s birth. The business was to be called Love My Curves Ladies Apparel and would offer clothing, accessories and shoes for plus sized women. I designed and sewed by request as well as ordered items from wholesale companies to sell at my retail store location in Des Moines Iowa. I created a…

The Effects of Small and Large Businesses Small and large businesses both affect the average American every day, why is this and why is there so much competition between the two? The question is always asked, “Which are better, small businesses or large businesses”? People always like to assume the bigger the better, but is this true? Does bigger always mean better? So many comparisons are made, including, the effect the company has on the economy, the effect the business has on its employees,…

Innovation The newest technology innovation I have recently read about featured bendable 3D-printed structures. The creators call the process 4D printing because the structures change over the fourth dimension, which is time. This happens when subjected to stimuli, which in this case is heat. “Engineers from Massachusetts Technology, (MIT) and Singapore University of Technology have devised this new fabrication that uses ultraviolet light to print these structures that…

Outsourcing, a process of hiring another individual or company, either domestically or internationally, to handle the business activities for the firm. At this era, it is no longer an option as much as it is a necessity and has become a common business practice that allows small and medium size businesses to gain extra services and skills that are usually hard for them to develop due to shortage of manpower or financial restrictions, or maybe both. It allows the firms to be more focus on their…

The Investopedia defines the entrepreneur as a person who starts his own business by taking lot of risks. (Entrepreneur, 2014). Most of the popular & large organisations around the world have been started by entrepreneurs. The contribution of entrepreneurs to a country’s economy and to the business environment holds a major share. Once an American politician Mike Pence stated that “The American economy has been built and sustained by risk-taking entrepreneurs whose pioneering ideas and hard work…

public policy issues are all around us. As a matter of fact, they are publicized in social media, magazines, legal documents, newspapers, and on the internet. Nevertheless, there is not a business or organization that can operate without associating with public policy. Equally important, every business owner and organization should study public policy and understand its processes. According to Kraft and Furlong (2013), “public policy is a course of government action or inaction in response…

I interviewed Debi Teeple who owns and runs her business LivingFit Rx. LivingFit Rx is essentially a more welcoming gym for older clientele. Debbi and her coaching staff work with older individuals (and sometimes younger) who either realize exercising will help them live longer or have medical issues such as a hip/knee replacement or an illness that can be helped with exercise. To start off, Debi is a hardworking individual, she and her small team have beautifully crafted LivingFit Rx. When…

detrimental over that time. 7. What are some of the ways that technology-based tools can support an organization’s operations in the face of a disaster? For example, in banking, customers might be able to use Internet banking to conduct their business, even if the bank branch is closed. What other technologies can an organization put in place or leverage to support its operations? Pick an industry to focus on and think about what technologies and services might work best for that industry.…

Daily. The main concerns associated with Wal-Mart focus on the impact that Wal-Mart has on small businesses, such as supermarkets, and other family owned shops. Statistics prove that a single Wal-Mart store opening will eradicate three local jobs for every two that it creates (Bill De Blasio, 2011). This is bad news, because Wal-Mart will statistically give back less than it takes in. This is untrue for small businesses. For every $100 spent in locally owned businesses, $68 stayed in the local…