BUSN 70 Lecture Notes - Lecture 8: High Tech, Small Business Administration, Franchising
13 Mar 2021
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Document Summary
Entrepreneurship = process of creating and managing a business to achieve desired objectives. Entrepreneurship movement is accelerating, and many new small businesses are emerging. Technology is now easier to obtain by a small business. Websites, podcasts, online videos, social media, cellular phones, and expedited delivery services. Growing trend among small businesses is social entrepreneurship. Social entrepreneurs are individuals who use entrepreneurship to address social problems. Any independently owned and operated business that is not dominant in its. Employees less than 500 people - term on midterm. An independent agency of the federal government that offers managerial and financial assistance to small businesses. Importance of small businesses to our economy - know stats for midterm. Small firms represent 99. 7% of all employer firms - question on midterm. Small firms have generated 62% of net new jobs. Small firms hire approximately 37% of high-tech workers (such as scientists, engineers, computer programmers, and others)
