Small Businesses Affected by Financial Crisis

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.

Small businesses are the core of the engine that runs the American economy. They are a very intricate and essential part of what makes America strong. Annually there were approximately 400,000 new small businesses started every year in the United States of America. Before the recession the normal business closure for companies in America were approximately 100,000 annually. This rate of exchange between new and closing businesses is known as “the birth and death rate of American companies”. After the recession the death rate of businesses in the United States has increase exponentially, growing from 100,000 companies a year to approximately 470,000 companies closing annually (Joseph, 2014). Most may think this is a result of the recession,

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.

In the economy, the small businesses are vital to the success of it. It serves the requirements of larger businesses. Small businesses meets local needs. Developing the right skill and to make an contribution to an organization means being entrepreneurial. In a small business the owner know who are the person he/she are dealing with that he/she can put a face to the customer he’s/she’s in contact with. Small business can make quick decision on what is required. Small business owners do not need to seek an advice to others and approval. Small business operates in a small space with low lighting and heating. People choose small business to reap the rewards for themselves (“The importance of entrepreneurship in small businesses, n.d.).

It was important to carry out research on the determination of financial strategies for women-owned small businesses in Florida. Therefore, this research will include studies and combination of research work, to contribute to relevancy for this dissertation (Adkins et.al, 2013). Admittedly, the small business enterprise ought to consider making an exhaustive examination of open markets, by how much the SME can permit to be hazard avoidance, what objectives they need to achieve (both short-term and all the more vital long haul), not to mention that they ought to remember their financial plan. What 's more, Polish economy development is profoundly connected to the execution of SMEs, which is appearing on the exhibited outlines. Besides, it is not diverse in the state of Florida as well, and the circumstance is the same all over the place on the planet. In this way, after numerous changes,

The United States Small Business Administration states that almost 50 percent of small businesses created will fail within the first year, while 66 percent survives during the first two years (The United States Small Business Administration, 2015). Envisioning the future of small business in connection with evaluating success or failure of small businesses is a captivating area for many researchers (Davidson & Kolfsten, 2003). A study on why small businesses in Mississippi have a higher failure rate than small businesses in New York. Stakeholders in Mississippi, particularly the small business owners, aspiring entrepreneurs, business consultants, lending corporation, investors, and customers would want to know the determining factors causing

Hatten, T. (2006). _Small Business Management: Entrepeneurship and Beyond (3rd ed.)._ New York: Houghton Mifflin Co.

Small businesses can be expanded in many ways. This can help attract more customers, increase sales and market share. It can also help you to stay ahead of your competitor.

Small businesses, with large impacts. Many times when you hear the term small business, you think of a small business that doesn't have the impact on lives such as global retailers. But in fact, all of the small businesses in the United States make up to 60-80 percent of all U.S. jobs. Small businesses, really are what fuel our economy and what keep our head above water as an economy. Information gathered by Entrepreneur Magazine, reported that there is somewhere between 25-27 million small businesses in the United States. This has a huge impact on our nation because not only does it generate revenue and keep the cash flow in order, but it creates millions and millions of job opportunities throughout the entire country. Although the small

The most recent four years of the turbulent financial execution brought up a larger number of issues than gave answers about reasons for the Great Recession of 2008-2009. Most business analysts are faulting the land business sector breakdown and the tailed it budgetary emergency as fundamental driver of the Recession. Be that as it may, the genuine macroeconomic reason was the change of the national macroeconomic approach from the Demand backing to Supply bolster methodology amidst 1980s. In this article I am going to discuss the reasons of the Great Recession and its results.

Many businesses have started to incorporate market strategies as a way of increasing profitability. Small business can create market strategies to target their market more effectively and have a competitive edge over competition. Lyndon Simkin, (2000) stated “If the “right” opportunities are pursued, customers are properly probed, the “right” customers targeted with a marketing proposition designed to give a business an edge over its rivals, it is highly likely that customers will be satisfied, market share will rise in core target markets and profitability will accordingly support a viable future.” Having a strategy in place will allow you to

Throughout the research paper, Phillips outlines the possible problems, critical issues, and major priorities small business owners should consider as they move forward within their specific business plans. Additionally, Phillips describes many of the pitfalls associated with specific industries, such as agriculture, wholesale trade,

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.

However, during the last decade, small firms primarily have been the economic driver of the United States economy in terms of job creation and economic growth. But very little is known on the contact of Internet on small business firms. Hence, it was decided to perform a

Using small business lifecycle model allows the best innovators to achieve twice the sales from the new product and turn creatively into a system for impact by running business not in the traditional way.