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How to start a small business
Transcript of How to start a small business
Qualifications for a Small Business
They contribute to the local economies by providing employment. Some businesses also help by giving jobs to people who might not be able to get employed by larger companies.
Offer what people like to buy
Tips for starting a small business
BY: Jezreel Evans, Jacqueline Powell, Reggie Somerville, Jesus Martinez and Dominic Gibson
How To Start A Small Business
Do small businesses impact the economy?
A small business is determined by.......
Copying a business is not an option!
Samsung smart eyeglasses
What industries are considered small businesses or small business friendly?
Residential building construction: 14.77 %
Services to buildings and dwellings, including pest exterminators, janitorial services, and landscaping: 10.11 %
Architectural, engineering, and related services: 11.40%
Is it a good thing to start a small business and how many people are following this same career path?
Their are many different good advantages to starting a small business.
Do something you have a passion for
Work virtually from anyplace
Advance more rapidly than you would in a traditional office setting
Won't be limited by what your boss thinks
Won't be held back from lack of experience or seniority
Will succeed by your own merits
Buying an existing business vs. Starting your own
Focus on sales
How much experience
Have a plan
Create a goal
What type of business you want
Does a small business create many new jobs?
Is there an advantage to being a business owner?
Is there an advantage to employing a diverse workforce?
What is the hottest new trend in new businesses?
Market Size and Definition
Hiring and Retaining Good Employees
Securing and Maintaining Accurate Information for Decision Making?
Yes because as a business owner, you are your own boss. You answer to no one and you make all the decisions. You set your own work hours and work independently. Depending on the type of business, you may be able to work anywhere.
Yes, Small businesses help create new jobs and it helps the economy in a big way.
One of the hottest new trend in business is the youth market, because what they do is use magazines, computers and even advertisers.
There are many benefits to having a diverse workforce.
You can draw from a wide pool of talent and ideas based on the difference backgrounds and experiences your employees may have
Specific Perspective and Fresh Ideas
Be more attracted to the opportunities available with the company
It can help the employees get health insurance and or maintain coverage of what they already have.
Factors like more affordable labor, higher shipping costs, a better financial climate and a surge homegrown innovation mean the U.S. manufacturing start-up universe is experiencing a renaissance
Normally privately owned corporations, sole proprietorship's or partnerships.
Almost always determined by number of employees or annual receipts.
Companies considered small business
Small businesses with fewer than 500 employees represent 99.9% of the 24.7 million businesses.
In 2004 it was shown that there about 24.7 million businesses in the U.S.