Problem For Small Businesses
Problems for Small Businesses
Abstract
Small businesses face economic uncertainty, overwhelming legislative regulations, and employee retention problems. Small Business represents more than 99 % of all employers and employ's more than one half of the private sector. It also generates one half of the United States private G.D.P. ( PR Newswire, Oct 29, 2004 pNA).
In light of the significance of small business to the economy, it should be a grave concern when a third of small business owners rate the overall health of the United States economy as their biggest worry, rating higher than terrorism, the war on Iraq or healthcare costs. ( PR Newswire, July 12, 2004 pNA). Normally, during periods of economic sluggishness, it is small business that paves the way for a rebound. However, this trend has not appeared during the recent down turn in the economy which began in 2001. A major reason for small business failure to bolster the economy is a result of their inability to raise capital......
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Approximate Word Count: 1906
Approximate Pages: 8 (250 words per double-spaced page)
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