Small Business

Paper Summary:

This paper studies the growing phenomenon of small businesses. The paper begins with a discussion of their formation, studying the factors that would lead someone to open their own small business. In particular, the paper examines the pivotal role of out-of-work middle managers. Then the paper turns to an evaluation of small businesses in the American economy. The author asserts that small businesses are a significant -- and growing -- part of the overall gross domestic product.

From the Paper:

"Out-of-work middle managers have provided the impetus for the development of many companies started by young, adventurous entrepreneurs, i.e., young people who decided early in life that they wanted to be in positions to make things happen in their careers and not sit on the sidelines and wait for someone to chart their professional paths for them as many of their parents had done. Seeing enough of the older generation devote a lifetime of loyal support to the growth of companies and then observing their forced unemployment in their late forties is a strong motivating tool and has given many young people a reason to take a chance at success."

More papers on Small Business:

• Term Paper # 129371 : "How to Run a Small Business"
• Business Plan # 26912 : "Small-Business Counseling"
• Descriptive Essay # 98844 : "Acquiring a Small Business"
• Analytical Essay # 115349 : "Electronic Payment in a Small Business"

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