Essays on Small Business Administration

Set-asides are contracts awarded exclusively to small businesses to encourage their participation. There are several opportunities for small businesses to participate in business with the US government, the largest single buyer in the world. I would recommend the company to bid supply contracts under the prime contracts category. The company can benefit from the federal government’s goal that 23% of the total dollar value of contracts should be given to small businesses. Supplies are easy to deal with since no technical or specialized knowledge is required. Besides, the company qualifies for the contract since it is a small ...

Employee Benefits Plans For Small Businesses

Employee benefits are very crucial in the lives of employees together with their families. Employees will consider benefits if they are to work for an employer. There are those benefits that employers must provide as required by the state while others are optional and it is the employer who decides whether they can offer the benefits or not. Most benefits provided include employee social security, unemployment insurance taxes, employee compensations, disability insurance, leave benefits, family, and medical leave (United States Small Business Administration, 2017). On the contrary, optional benefits may include COBRA benefits, employee incentive programs, health insurance, and ...

New business owners often find themselves facing issues they had not previously considered when starting a business. Many new owners have recognized the need for their product or service and have identified a market for it. They are prepared for that aspect; it is how they came to start their own business. Other aspects however, such as accounting, employee oversight, and taxes are areas where most people have little expertise without actively taking the time to learn about these issues, but where many of the struggles small business owners face are originated (Collamer, n.d.). There are several basic areas ...

Business Organization

Business Organization The businesses are organized in diverse ways whereby, the form chosen influences the owners’ liability and the company treatment of the tax. The most common types of the business in the global are the proprietorship, partnerships, corporations, and limited liability companies. These forms of the business have different structures, the number of members and amount of capital. According to U. S Small Business Administration (n.d), the partnership is the best form of the firm. It is the form of the business where two partners agree to participate in business. Each party is expected to contribute money, skills, ...

Business Law

Business Law The most important aspect when launching a new business is to determine the type of business structure to be able to make the business a successful venture in view of the legal and tax implications that are part of the selected business structure. The six types of business structure shared on U.S. Small Business Administration (2016) website are as follows:

The most basic form of business type and is owned by one person, form a legal standpoint the business has no separate legal identity and the owner can be sued in their own name and the owner ...

A disaster typically presents a community with the inability to cope without the assistance of outside sources. The political and economic impact on a community is enormous. Without funding, communities would not survive disasters.

Political Impact of Disasters

Political disruption in a community can occur as a result of a disaster. Disruption in politics can result from social activism and other sources of community conflict. Social activism can arise as victims of the disaster may feel additional victimization by a conflict of the goals of recovery by citizens and government. Citizens may seek collective action to address their grievances. Other sources of community ...

Microenterprises such as small restaurants, landscaping services, and brick stores among others serve a critical role in the economy of a nation. In most cases, micro enterprises may not qualify for big bank loans. It is because of this that intermediary lenders offer them microloans. A microloan is a loan up to $50,000 for small businesses. In the United State, the U.S. Small Business Administration provides funds for the intermediary lenders, usually community-based organizations that have formal structures and experience in leading and technical support. Intermediaries would require collateral and a personal guarantee from the investors. The collateral ...

Sustainability Strategies of Small Business Owners

of

Prospectus: Entrepreneurial Attributes and Competencies of Small Business Owners

Foundation of the Study There are 28 million small businesses owners are the engine of America’s economy (Business & Industry, 2015). Small businesses are responsible for creating enough jobs for over one-half of the employees in the USA (SBA, 2015). Healthy and thriving small businesses across the country are necessary to stabilize the economy and the mission of the SBA is to support those business owners with loans, practical knowledge, and improving the circumstances for promising small business owners (SBA, 2015).

The purpose of this study is to explore strategies that small business owners use to sustain the business.

Background of the Problem The amount of new small business startups is approximately 10 to 12% each ...