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Essay / Research Paper Abstract
This 72 page paper boasts scads of data and five tables, which serve to emphasize the comprehensive discussions regarding small businesses in the U.S. and the U.K. The essay begins with a general introduction that includes the importance of small businesses to the economy and their contribution to the GDP and their growth in the recent years. The writer goes on to offer a general discussion of minority-owned businesses in these two nations, including the percentages of minorities who own which kinds of businesses and where they tend to locate their businesses and why. Next is a discussion of the survival rates of ethnic minority-owned businesses. Finally, a comprehensive discussion on the reasons businesses succeed or fail is presented, which includes financing, location, size and a great deal more. 5 Tables included. Bibliography lists 26 sources.
Page Count:
72 pages (~225 words per page)
File: MM12_PGusuksb.rtf
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Unformatted sample text from the term paper:
the student will see, there is no statistical data that proves that Asian, or Chinese, businesses fail at a greater rate than businesses owned by Whites. What is presented is
a very thorough examination of small businesses and ethnic minority-owned businesses.] Introduction Small businesses drive a nation forward. The U.S. Small Business Survival Committee offers a list of
ten benefits society gains from small businesses: * Small businesses create the bulk of new jobs. About 75% of new jobs each year come from small businesses (Keating, 2001).
* Small businesses, those companies who employ fewer than 500 people, account for more than 99 percent of all employers (Keating, 2001). * Small businesses employ 51% of private-sector workers
(Keating, 2001). * Small businesses are the larger proportion of exporters, over 96 percent in 1998 (Keating, 2001). * And, it was small businesses that accounted for about 98 percent
of the growth in the number of U.S. exporters between 1992 and 1998 (Keating, 2001). * Small businesses generate 51% of all U.S. private-sector output (Keating, 2001). * Small businesses
account for 47% of sales in the nation (Keating, 2001). * Small businesses produce 55% of innovations (Keating, 2001). * Small businesses produce twice as many product innovations and significant
innovations as large firms, and obtain more patents per sales dollar than large business (Keating, 2001). * Small business ownership has been accelerating among women and minorities (Keating, 2001). In
1982, only 6.8 percent of businesses in the U.S. were owned by minorities; that proportion grew to 14.6 percent in 1997 (Keating, 2001). In 1976, women comprised 22 percent of
all self-employed persons in the U.S.; that grew to 38 percent by 2000 (Keating, 2001). * Additionally, in 1997 in the United States, there were 615,222 minority-owned firms that had
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