Small Business and Entrepreneurship

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Presentation transcript:

Small Business and Entrepreneurship Economic Rocket Fuel

Why launch a small business Financial Success Independence Flexibility Challenge Survival

Entrepreneurial qualities Vision Self-Reliance Energy Confidence Tolerance of Uncertainty Tolerance of Failure

Funding Personal Resources Loans Angel Investors Venture Capital

Opportunities Market Niches Personal Customer Service Lower Overhead Costs Technology

Threats High Risk of Failure Lack of Knowledge and experience Too little money Bigger regulatory burden Higher health insurance costs

Make it happen Gain experience Learn from others Educate yourself Access SBA Resources Develop a Business Plan

Small Business impact In 17 years – small businesses created 65% of the new jobs in the US Fueling Innovation Revolutionary new ideas Vitalizing Inner Cities

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