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Ch 20: Introduction to Small Business Management

About This Chapter

This chapter offers an in-depth look at small business management with help from entertaining lessons. Review these lessons to increase your knowledge of this subject area, and use the short quizzes and chapter exam to gauge your comprehension.

Introduction to Small Business Management - Chapter Summary

Enjoy learning about or strengthening your existing understanding of small business management by examining fun lessons you can access in a secure online environment. Presented by top instructors, these lessons provide a comprehensive overview of topics that include small business development, how to start a small business and the purpose SBIR. Take advantage of the convenience of accessing these lessons utilizing any computer or mobile device with an Internet connection. Once you've completed this chapter, you will be able to:

  • Describe the steps involved in starting a new business
  • Define the small business, and describe its characteristics and importance to the economy
  • Share advantages and disadvantages of small businesses functioning within a global market
  • Discuss the history and purpose of the small business administration
  • Explain the history and purpose of the Small Business Development Center
  • Detail the history, purpose and activities of the Small Business Innovation Research (SBIR) program

6 Lessons in Chapter 20: Introduction to Small Business Management
Steps & Aspects for Starting a New Business

1. Steps & Aspects for Starting a New Business

You wake up dreaming of your business, think about it often during the day, and wish for it before going to sleep. If you want to be your own boss, there are a few simple steps to help you get ready to start your own business. This lesson will help you get going.

Small Business in the American Economy

2. Small Business in the American Economy

Nearly every business starts 'small.' In this lesson, you'll learn how a small business is defined, some characteristics of a small business, and the importance of them in the economy. You'll also learn why some small businesses fail.

Small Business in a Global Market

3. Small Business in a Global Market

As the world moves closer to a global economy, more small businesses will look to expand into international markets. In this lesson, you'll learn about some of the advantages and disadvantages that small businesses face in a global market.

Small Business Administration: History, Purpose & Resources

4. Small Business Administration: History, Purpose & Resources

In this lesson, we will take a look at the Small Business Administration including its history, purpose, and resources available to help individuals or organizations develop their small business.

Small Business Development Center: History & Purpose

5. Small Business Development Center: History & Purpose

The Small Business Development Center (SBDC) is a program provided by the U.S. government to support individuals who want to own their own business. The SBDC provides many helpful resources to assist business owners. These resources are discussed in this lesson.

Small Business Innovation Research (SBIR): History, Activities & Purpose

6. Small Business Innovation Research (SBIR): History, Activities & Purpose

In this lesson, we will introduce the Small Business Innovation Research program, define its purpose, cover its history, and discuss the phases used to award grants.

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