33:011:100 Chapter 5-6: Chapters 5 and 6

• School: Rutgers University
• Department: Administrative Studies
• Course: 33:011:100
• Professor: Professor Reaves

Document Summary

28 million small businesses exist in 2014 in the us. In the economy: provide approximately 50% of us gdp, provide 40. 9% of private sales in the country. Small business contributions: foster innovation, help bigger companies, supply products and services to the larger companies that they do not or cannot supply, help consumers, supply products and services that large companies cannot or will not provide. The impact of technology on small business: the personal computer and the internet have, created entirely new business opportunities, made starting a new business easier, over 80% have a home page. Impact of social media facebook, twitter, snapchat, youtube. Reasons to start a small business: opportunity knocks, financial independence, control, flexibility. What kind of structure should i choose for my small business: sole proprietorship, general partnership. Intrapreneurs entrepreneurial spirit within a bigger company: social entrepreneurs and social intrapreneurs.