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  • Answer Entrepreneurship

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    agnes lorenza
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    The document discusses small businesses and how to manage one. A small business is independently owned and operated and not dominant in its field. To learn about small business, one can take classes, talk to local entrepreneurs, or gain experience working for a small business. Managing a small business involves planning, financing, knowing customers, managing employees, and keeping records.

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    The document discusses small businesses and how to manage one. A small business is independently owned and operated and not dominant in its field. To learn about small business, one can take classes, talk to local entrepreneurs, or gain experience working for a small business. Managing a small business involves planning, financing, knowing customers, managing employees, and keeping records.

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    4 views1 page

    Answer Entrepreneurship

    Uploaded by

    agnes lorenza
    The document discusses small businesses and how to manage one. A small business is independently owned and operated and not dominant in its field. To learn about small business, one can take classes, talk to local entrepreneurs, or gain experience working for a small business. Managing a small business involves planning, financing, knowing customers, managing employees, and keeping records.

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    of 1

    Agnes Lorenza

    2101657202

    LE53

    Small Business -- Independently owned and operated, not dominant in its field of operation and meets
    certain standards of size.

    Businesses are “small” in relationship to other businesses in their industries.

    How to learn about a small business?

    • Learn from Others – Investigate your local colleges for classes on small business and
    entrepreneurship; talk to and work for successful local entrepreneurs.

    • Get Some Experience – Gain three years experience in the field; then start a part-time small
    business.

    • Take Over a Successful Firm – Serve as an apprentice and eventually take over once the owner
    steps down.

    Managing a small business

    1. Planning

    2. Financing

    3. Knowing customers

    4. Managing employees

    5. Keeping records

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