Small Businesses - Finance and Accounting

For an understanding of the application of many of the concepts addressed in this course, turn your attention to the small business environment with an emphasis on finance and accounting concepts. Most often, it is small businesses that use the majority of the requirements and principles covered in this course. Consider what small businesses must do as they attempt to apply finance and accounting processes and functions to support their business models.

Visit the U.S. Small Business Administration (SBA) Web site (http://www.sba.gov/) to conduct research on the challenges and opportunities for small businesses.

Based on your research, respond to the following:

• Identify and explain the common finance and accounting challenges for small businesses.
• Identify provide the more important of the resources on the SBA Web site for small business entrepreneurs.
• Explain how the available resources can be used to overcome the challenges.

Give reasons in support of your responses. Be sure to cite any relevant resources. Contribute new and relevant information using the readings from your textbook: share quotes, Web site links, and other supplementary information. Demonstrate practical application of the module's key concepts from your professional or personal experience by offering examples.

Your response should be thorough and address all components of the question in detail, include citations of all sources, where needed, according to the APA Style, and include accurate spelling, grammar, and punctuation. Make sure your writing is clear, concise, and organized; demonstrates ethical scholarship, Write approximately a 3-5 page response.