Small Business Essay

Submitted By masonsaidwhat
Words: 656
Pages: 3
Open Document
Mason Zetsch
12 November 2012
Gifted English IV
Ms. Krista Ashford

Small Business Owner What is a small business? The United States Small Business Administration describe the term "small business" as a business that is independently owned and operated, is organized for profit, and is not dominant in its field. Standard eligibility for size of an industry is based on the number of employees for the proceeding twelve months on sales volume averaged over a three-year period. Small businesses are practiced all around the world, have been around for ages, are known for risks, glory, and have major issues that can ruin someone pursuing their dream or idea.

Small businesses have been around for thousands of years. The Roman Republics' 'Societas publicanorum' were individual companies that delt and shared particulae with the respective government. Later, around 1250 AD in France at Toulouse, ninety-six shares of the Societe de Moulins du Bazade, or Bazada Milling Company were traded at a value that depended on the profitability of the mills the Society owned.
Small businesses have been the backbone of the American society since the day America was founded, producing and establishing household names such as Winchester, the gunsmith company, and Jim Bean, a whiskey company. Companies like these and many more are still in action today, but they didn't always start out with such a profitable business. All of the great corporations in our modern day society, such as McDonalds, Nike, and Marvel, started at square one; getting on their feet. In the United States, small business can be started at a low rate and can become a part-time job for those in search for another source of monetary gain. Small businesses provide, to those whom own said business, with opportunities, power, and ultimately their own professions outcome. The business owners are able to learn and experience entrepreneurship first hand, as it affects their business. This also allows the owner(s) to make their decisions, take their own risks, and relish in the results of their endeavors. Opposed to a larger corporation, small business have the ability to function on a more intimate level with the clients or customers, creating a mature business experience. For a company to break even, sales must reach a level of sales where the contribution margin, sales minus variable cost, is at least equal to the fixed cost. This principle is known as the "Common Rule", for example; An entrepreneur should have access to a sum of money that is at least equal to prospect. The entrepreneur thinks he will generate $100,000 in revenues
Show More

Related Documents: Small Business Essay

Essay about U.s. State and Small Business Owners

the United States of America and puts them in China. It is also very disrespectful to people based on race and gender. Lastly, they don't give workers proper hours. These are just a few of the many terrible ways Wal-mart treats its employees. If this company were to fall it would be for the better of the United States. First in an effort to make more money, Wal-Mart pays the factories, and overseas workers to make their products. This in turn takes jobs away from the United States factory industry…

Words 494 - Pages 2

The Small Business Administration Essay

The Small Business Administration Nyakeia D. Wiggins Lamar State College-Port Arthur BUSI 1301 Instructor: Jennifer Bryant March 2, 2015 The Small Business Administration Introduction The Small Business Administration maintains a rich, vibrant website, and supports a number of high impact programs to support small business growth. Information like this would be very helpful for local small businesses. Even if a business was just getting started, the SBA resources would still be used for help…

Words 900 - Pages 4

Alien Corporation: Not Does Business In The USA

Alien Corporation - established in another country, but does business in the USA Articles of Incorporation—(also known as the Certificate of Incorporation) the legal documentation required by the incorporating state that identifies the business name, purpose, location, incorporators, stock provisions, and so on. Once the incorporation is approved by the state, the articles and the state's approval become the Corporate Charter. Balanced scorecards – a set of measurements unique to a company that…

Words 1585 - Pages 7

Losing the American Dream Essay

American Lit, 3rd period 17 September 2012 Losing the American Dream Small businesses in America employ half of all private sector employees and pay nearly 50 percent of the total U.S. private payroll. Part of the American Dream is for citizens to be able to create and operate a small business easily and affordably with the ability to expand. Small business has generated 65 percent of all new jobs in the past 15 years. Because small businesses are a job source for many Americans, they are vital to keeping…

Words 1162 - Pages 5

Obama and Politics Essay

spoken on in his debates is his opinion about small business owners. He has made it pretty clear with his stand on Obamacare and with all of his tax cuts for small business owners that Obama definitely favors small business owners ( Pagliery 1 ). He raises taxes for the upper class, such as with the Obamacare tax, but lowers taxes for the lower/middle class and small business owners with various tax cuts ( Pagliery 1 ). Obama believes that helping the small businesses to grow will help improve the economy…

Words 649 - Pages 3

Small Business In America

A new business can be started in less than a week at the cost of approximately $325, thus making America one of the easiest places in the world to become an entrepreneur. With multibillion dollar corporations like Apple Inc. and Google Inc. starting modestly in garages, owning a small business has become one of the recognized paths to achieving the American dream. A small business is defined as an enterprise with 500 or fewer employees and currently there are about 23 million small businesses registered…

Words 989 - Pages 4

Evaluating Published Research Problems

Background of Study/ Research Problem According to Greer (2014) business owners and managers are motivated to engage in socially responsible behavior and social initiatives for a variety of reasons. This reference furthers by stating the main motivations include profitability, legitimacy, and sustainability, or moral, motivations. This quantitative study was designed to explore and discover valuable information concerning small business owners’ motivations for engaging in social initiatives (Greer…

Words 2007 - Pages 9

Wal-Mart Argumentative Essay

meal at McCarthy’s. Big business makes everything easier, from the low prices to how convenient they are. While small businesses can’t have low prices or have an assortment of items to make it a one-stop shop. For example, the average twelve pack of mountain dew at Wal-Mart costs four dollars and forty four cents, while at Bassett’s it is five dollars and forty nine cents. That is a dollar and five cents price difference, small business can’t lower the prices like big business and make it…

Words 1402 - Pages 6

Pros And Cons Of A Business Entity

As business leaders deciding what business entity is appropriate there are a number of significant factors to be evaluated. It is important to consider the following: ease in establishing, startup expenses, liability, the person or persons that make the decisions for the entity, how much involvement the government will have in the business and how much it will be taxed. The decision as to what form is utilized can be critical. The following paragraphs attempt to give the pros and cons of each entity…

Words 798 - Pages 4

Small Business Strategy Essay

Small-Business Marketing Strategy Melba E Ketchman Dr. Campos Contract Administration and Management August 11, 2012 Contracting with the Government is very competitive. It’s especially competitive for a small business trying to get its first federal contract. There are many electronic marketing resources that a small business can utilize. A business does not need to be in the same state as the federal opportunity they are competing for which makes electronic marketing the way to go when…

Words 1150 - Pages 5