ENTREPRENEURSHIP AND SMALL BUSINESS

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ENTREPRENEURSHIP AND SMALL BUSINESS by Mind Map: ENTREPRENEURSHIP AND SMALL BUSINESS

1. Independently owned and based on profit also not dominant in its field

2. Industries that attract small business

2.1. Distribtion

2.2. Service

2.3. Production

3. Factor why people do business

3.1. Age

3.2. motivation

3.3. Family background

4. Factor why people failed at business

4.1. Lacks of capital and cash flow

4.2. Low management skill

4.3. Overexpansion

5. The importance of small business in our economy

5.1. Provide employement

5.2. providing technical inovation

5.3. providing competion

5.4. filling needs society and other businesses

6. Advantages

6.1. close relationship with consumer

6.2. easy to adapt

6.3. Independent

7. Disadvantages

7.1. Risk of failure

7.2. LImited potential

7.3. Limited liablity to raise capital