(See related pages)
|
|
|
| Small Biz Power This video can be found on the Student DVD.Summary: As shown in this segment from BusinessWeek TV on your Student DVD, 99% of all US companies are considered small businesses. These small businesses are responsible for employing over 50% of the nation's employees. The segment features small businesses such as Oki Ton Restaurant in California. The restaurant has experienced tremendous success. The emphasis on "service" to the customer is seen as a key success factor. The report shows that small business is thriving in a "down" economy while larger companies are not performing well. In recessionary economies, it appears that small businesses are most prevalent in the fastest growing segments of the economy and are virtually nonexistent in the declining segments. Service such as restaurants, convenience stores, and health care are seen as expanding areas where manufacturing characterizes the declining economic segments. A recent survey found that small business owners are feeling optimistic about their future even in a less than robust economy. There are some states in the U.S. where that enthusiasm is not as robust. In California, for example, small business owners are not as positive as in other areas of the country. The state ranks as the 6th worst in the U.S. for small business. The principal reasons for this ranking are due to high property, income, and sales taxes as well as high energy costs.Discussion Questions
|