Papers on "Small-Business Counseling" and similar term paper topics

Paper #026912 :: Small-Business Counseling
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Examines the role of the counselor in assisting small-business expansion.

Written in 2002; 2,566 words; 2 sources; APA; $ 77.95

Paper Summary:

One of the most satisfying tasks of the small-business counselor, yet also one of the most challenging, is assisting the client of an expanding business. On the one hand, there can scarcely be a more satisfied client than the one whose business has successfully expanded. On the other hand, many a previously successful small business has failed when it undertook an expansion plan that was beyond its resources, or for which it did not have an adequate management structure in place. This paper explores the role of the small-business counselor when he or she is approached to assist in expanding the business. The paper shows the importance of setting up a strategic business plan which deals with the finance, marketing, management tools and other elements of the business structure.

From the Paper:

"The counselor will then identify and draw out some of the potential issues raised by the expansion. The most common of these, as in the restaurant example, is the need for a more definite management structure. The informal practices that suffice at one work site with a dozen or so employees break down quickly as the number of employees or (especially) sites grows much beyond that level; this is arguably the single greatest hurdle to be crossed by the expanding small business. Other typical requirements are the formalization of a marketing strategy, order-handling and customer relations, financial management, and similar features of a business. The complexity of all tends to grow exponentially with increasing size. The counselor may advise the client to call on other specialized professionals (such as a chartered accountant) to assist in developing the expansion plan."

Tags: management proprietor

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