The Impact of Small Business (Essay Sample)
THE IMPACT OF SMALL BUSINESS
You are responsible for writing an essay discussing the impact small business has on local communities. Some factors you may want to consider include the local economy, job opportunities, innovation, tourism, and charitable donations. Be sure to include examples and keep our local area in mind.
Five paragraphs: Intro, 3 Supporting Paragraphs, Conclusion
At least three sources cited in APA Format (see example below)
Reference Page following the Conclusion
For the in-text citation:
(Author, Year Published)
According to Satalkar (2010), “insert quote here.”
Satalkar (2010) found “insert quote here.”
For the Reference Page:
Last, F.M. (Year, Month Date Published). Article title. Retrieved from URL.
Satalkar, B. (2010, July 15). Water aerobics. Retrieved from http://buzzle.com.
The Impact of Small Business
The Impact of Small Business
Although the words "entrepreneur" and "small business" are often interchanged, the employer has a distinct function from the small business owner. Not all entrepreneurs make good managers, and not everyone should go into business for themselves. Managers run a business that entrepreneurs founded (Taiwo, 2012). Instead, the small business manager is in charge of managing their bootloader on a day-to-day basis. The manager aims to expand his business and operate it efficiently. In certain instances, you may employ a competent small business manager to help you grow your business. This is often done after finding that your creative vision is to reach your business in that manner. The firm may continue to develop if you have an experienced manager to handle everyday operations. This paper analyses the impact that small businesses and enterprises have on the community that they operate within.
Smaller Business investments are generally beneficial to the local economy and community (Kirsh, 2019). Small companies are the only ones in some cities that can survive by serving a limited number of clients. Small businesses in a big city are more likely to have a diverse inventory and offer customers a one-of-a-kind or personalized experience. Small businesses also generate new employment and serve as the backbone of large Canadian corporations. Having a Business requires you to acknowledge and accept your failure. Bankruptcy may result in the loss of all money invested in a Business, as well as the time spent setting it up and the emotional desire to fail. Even young entrepreneurs face bankruptcy, although the probability of default diminishes when a firm achieves specific objectives. Young entrepreneurs are feeling the urge to keep creating networks before the competition becomes too fierce. The most successful entrepreneurs have exceptional vision, the ability to see what goods and services they desire or expect from future consumers, and then create products or services to fulfill those requirements.
- Seeking Opportunities for InnovationDescription: Entrepreneurial organizations constantly pursue expansion and success while operating in unpredictable markets characterized by continuous change. As situations obligate, innovation has been instrumental in bettering an organization’s operation models and survival chances. From a business perspective...2 pages/≈550 words| 3 Sources | APA | Business & Marketing | Essay |
- Strengthening The Weaknesses Of Line Managers In Human Resource SystemDescription: The current business environment is highly competitive and dynamic. Many changes occur as business organizations respond to market pressures and the need to reorganize their routine activities. Over the past years, situations have forced business organizations to make cost-effective decisions....1 page/≈275 words| 3 Sources | APA | Business & Marketing | Essay |
- Case Study for Hilton's HotelDescription: The hotel business is growing once again. After the economic constraints in the previous year, travel with tourism was cut from family and business expenses in a hurry. As 2020 came and went, the public started restructuring careers as well as reimagining their monetary conditions. ...10 pages/≈2750 words| 8 Sources | APA | Business & Marketing | Essay |