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Small Business Advantage Small Business Definition

The small business has advantages compared with medium and large enterprises, as discussed below:

According to Derek Leebaert the small business :

• tends to be more innovative economically than larger companies, is more apt to respond to changing consumer demands more willing to create opportunities for women and minority groups and to undertake activities in impoverished areas [1].
  
  
• has the ability to make alliances and partnerships , unlike larger companies with competing interests demarcated [1].
  
  
• acts as entry point to the economy new or previously underappreciated workers [1].

Complementing this list of benefits, add the following:

• The small business brings satisfaction work and autonomy to those entrepreneurs who do not have the financial or technical capacity to start a medium or large business.
  
  
• The small business in a world beset by poverty and need, has the capacity not only to alleviate suffering, but also create a solid middle class generate a base secure tax and promote social stability [1].

To access the full article, enter the following website: Small Business

Notes:
[1]: "The Contribution of Small Enterprises to the Economic Expansion of the United States," Derek Leebaert, EJournalUSA in http://usinfo.state.gov/journals/ites/0106/ijes/leebaert. htm, Retrieved in February 2007.
[2]: "Role of Government in Promoting Small Enterprises", Steve Strauss, eJournalUSA in http://usinfo.state.gov/journals/ites/0106/ijes/strauss.htm , Retrieved February 2007.