Are Small Businesses Dependent On The Presence Of The Owner?

‘Herewith appear to be the most pressing matters; one, infective and inexperienced entrepreneurial leadership. Two, the dialectic nature between front of house and back of house, and three, a lack of general training motivation and direction in original concept.’

Many people want to live the “American Dream”, and what better way to do that than to start a small business. Small businesses are incredibly important to the United States economy. Small businesses have been around from the beginning of the history of the U.S. and remain a large portion of the business community today. Small businesses are the driving force for job creation. Small businesses struggle to meet regulations set in place by the government and at the same time stay afloat in the U.S. economy. There are strict size standards set in place that make small business owners weary of expanding the amount of people they employ. Small business owners also struggle with offering healthcare to their employees. Small businesses try to stay ahead by introducing new and unique products. In an ever-changing economy, it is important to understand the impact of small businesses in the United States.

Being a small business owner can be very demanding, and most entrepreneurs know that running a small business can be a juggling act, often spreading themselves thin performing many different jobs during the course of a single day. With the primary responsibility for the success of their business resting on their shoulders, they know that better time management is key

A company can’t succeed without the people who get up and go to work every day and do their best to make that company a successful one. It takes more than one person to make a company succeed and that is why not only bosses but employees play a big role in maintaining a company. The way employees are treated is what keeps them enjoying their job, coming to work every day, putting their effort into their job, and providing good customer service. It is important to not only provide excellent customer service to whose entering a company, but to the employees as well. When customers are treated bad by those who are employed at a company then the customer tends to avoid that company and use other resources where they can get the help they need and are able to communicate with people who are helpful and respectful. This goes hand and hand with the way bosses treat their employees because like customers, employees who feel like they are being disrespected and not getter the proper help and training, they begin to not enjoy their job. When you do not enjoy your job and are being treated bad that shows up in the way you do your work. Employees may get that “I do not care attitude” or the bad attitudes from their bosses can rub off on the employees as well. Employees look up to their bosses because someday that could be the employee in the higher position.

The purpose of this paper is to identify how different factors effect on the growth of small businesses. The growth of small businesses has been influenced by factors such as growth strategy, business forms, short and medium term goals, financing assistance, organizational structure and staffing needs, customers and promotion, and ethics and social responsibility. In this paper will to discuss how the different factors alter the advancement of small businesses.

There are a lot of decisions for Jim that he needs to make on a daily basis. The business has to be able to run without Jim and his wife. While still in the early stage, Jim needs to look at the marketplace that he needs to service. He needs to identify every single thing that he do in his business and then documenting that a moving forward so that if the concept is not there, someone has to step in and do their role. They can follow a certain procedures and they can do that role for them. The importance of delegating is most business owners would like to lessen the workload, particularly from what Jim get within those hectic early years. If they will ever going to enjoy the fruits of their labor, they need to be delegating responsibilities

As your management consultant, I would like to mention that we live in days when many young entrepreneurs have dreams of starting their own businesses. But, unfortunately, some of them believe that managing a business is simple. Your case shows what can happen when a new owner does not pay adequate attention to important components of management and:

Small businesses are independently owned, for profit businesses which employees no more than 500 employees and are not dominant in its competitive area. Small Businesses are critical for the US economy because more than 99 percent of businesses in the US fall under the small business category (Farrell, Hirt & Farrell, 2009). This is clearly why small businesses are important for the US economy because of its percentage make up for the business industry. Small businesses also create opportunities for minorities and give women the opportunity to successful in the business world. Small business owners are not guaranteed

The development of an organization and success of a business depends on fruitful contributions of all stakeholders and the positive interaction and cooperation between stakeholders and organizations. According to Ken Little, “A mutually beneficial relationship with all stakeholders will generate goodwill toward a small business, which will lead to lasting success.”

Small businesses are the heart of the United State economy. There are 28 million small businesses in America and count for more than 54% of sales (Small business trends, n.d.). Many of those businesses are started by entrepreneurs who are willing to take risks and develop their visions and dreams of owning a business in today’s competitive market. That was the case when Victoria Carolina Pocasangre opened Pocasangre Olivia Dental, a small dental practice in the heart of Clovis, California five years ago.

Small businesses were once the backbone of the United States economy. After a time these business owners expanded, merged, and bought other businesses. This historic business trend has created some the well know corporations we know of today. One example would be the development of Wal-mart. Today, small businesses operate in the shadows of “big box” stores. However, small business owners account for more than 90% of, but only less than 5% or 10% of the GDP, “gross domestic product.” As a manager of a large corporation or a prospective business owner it is wise to be knowladgeble of new competitors, state of the economy, and current management trends. There are trends today that will change everyone’s expecatons of small business

As the foundation of the U.S. economy, small businesses employ 50 percent of the U.S. population. In 2010 the U.S. Census reported 27.9 million small businesses categorized by size (20-499 employees). Accounting for 64 percent of the net new jobs created between 1993 and 2011 and since the recent recession, from mid-2009 to 2011, small firms accounted for 67 percent of the net new jobs ("Employment Statistics | SBA.gov," 2014). Unfortunately, rising costs and inefficient economic policy threaten the basic building block of our economy. This ordinance further compounds the economy’s sluggish recovery. Repelling this ordinance is the first step towards removing unnecessary financial burdens.

Business owners who refuse to let go of their ideas when things are not working usually end up failing. A business owner should always be prepared to attempt different ideas to establish which one would work ADDIN EN.CITE Bessant2011115(Bessant & Tidd, 2011)1151156Bessant, J.Tidd, J.Innovation and Entrepreneurship2011Hoboken, NJWiley9780470711446http://books.google.co.ke/books?id=u_9-Yl2j0gEC( HYPERLINK l "_ENREF_1" o "Bessant, 2011 #115" Bessant & Tidd, 2011). Attending industry events would provide the business owner with more information and knowledge, which would assist them to

Conclusion: This paper is intended to give clarity on the depths of small businesses, how they plan to succeed and get through possible adversity. The surviving mechanism it takes to maintain in a world where large businesses are expected to exist longer than small business.

The importance of small and Micro Enterprises (SMEs) in the economy of any country cannot be overlooked. In fact for nearly 15 years, most researchers dealing with economic planning have highlighted the significance of these enterprises stating that they are a key player in realizing any country’s economic goals. As such, governments as well as other organizations with interest in development are laying plans and strategies to promote the establishment of Small and Micro Enterprises. This is seen as a move to ensure that there is full participation of SMEs in the country’s economy. The Small and Micro Enterprises have been known to contribute to a large extend as a source of innovation, entrepreneurial skills as well as source of employment. For example, statistics in 25countries of the European Union show that 99% of the jobs provided to its citizens come from the micro, small and medium-sized enterprises. Rowe (2008) points out that the British economy relies heavily on the participation of SMEs. On the other hand, 99% of the UK’s economy is composed of small and micro enterprises.