(Answered) 1 why are small businesses so important to the us

Finance

1. Why are small businesses so important to the U.S. economy?

2. Which fields tend to attract entrepreneurs the most? Why?

3. What are the advantages of starting a small business? The disadvantages?

4. What are the principal reasons for the high failure rate among small businesses?

5. What decisions must an entrepreneur make when starting a small business?

6. What types of financing do small entrepreneurs typically use? What are some of the pros and cons of each?

7. List the types of management and financial assistance that the Small Business Administration offers.

8. Describe the franchising relationship.

9. What demographic, technological, and economic trends are influencing the future of small businesses?

10. Why do large corporations want to become more like small businesses?

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