The U.S. Small Business Administration. Small Business Kit For Dummies, 2nd Edition:Book Information. Millions of Americans own their own businesses, and millions more dream of doing the same. But starting your own business is a pretty complicated matter, especially with all the legal issues and paperwork.
This updated edition of the top-selling small business resource is chock-full of information, resources, and helpful hints on making the transition from a great idea to a great business. If you’ve got a great idea for your own business, you need the kind of straightforward advice you’ll find here — the kind of advice you’d normally only get from business schools and MBA courses. Small Business Kit For Dummies, Second Edition covers all the basics on: Recent tax law changes Balancing your finances Hiring and keeping employees Effective management strategies Accounting fundamentals In addition to the basics of business, you’ll also find top-class advice on more advanced business basics, like business plans, the ins and outs of contracts, and using the Internet to expand your business. Small Business. Entrepreneur. Creation or extraction of economic value Entrepreneurship is the creation or extraction of economic value.[1][2][3] With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.[4] The process of setting up a business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. In the field of economics, the term entrepreneur is used for an entity which has the ability to translate inventions or technologies into products and services.[9] In this sense, entrepreneurship describes activities on the part of both established firms and new businesses.
Perspectives on entrepreneurship[edit] Elements[edit] History[edit] Methods. Small business. Portici di Sottoripa, Genova, Italy Galleries tend to form clusters of small business owners over time. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. What constitutes "small" in terms of government support and tax policy varies depending on the country and industry. Small businesses range from 15 employees under the Australian Fair Work Act 2009, 50 employees according to the definition used by the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs. However,in 2006 there were over 18,000 "small businesses" with over 500 employees that accounted for half of all the employees employed by all "small business".[1][2] Small businesses can also be classified according to other methods such as sales, assets, or net profits.
Small businesses are common in many countries, depending on the economic system in operation. Characteristics of small businesses[edit] Size definitions[edit]