Problems Facing Entrepreneurs and Small Businesses Essay -- Small Firm

AbstractSm wholly businesses face economic uncertainty, fire legislative regulations, and employee retention problems. Small Business represents more than 99 % of all employers and employs more than one half(prenominal) of the private sector. It also generates one half of the United States private G.D.P. ( PR Newswire, Oct 29, 2014 pNA). In light of the significance of petite business to the frugality, it should be a grave concern when a 3rd 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 health care costs. ( PR Newswire, July 12, 2014 pNA). Normally, during periods of economic sluggishness, it is small business that paves the way for a rebound. However, this class has not appeared during the recent down turn in the economy which began in 2001. A major reason for small business failure to plod the economy is a result of their inability to raise capital receivable to the decimation of the Small Business Administrations loans program ( Harpers Magazine, July 2014, V309 il 850 p79(2)). It appears that the very fuel that normally would stoke the economic furnace has been diluted through cost cutting banknote as a result of a floundering economy. Such challenges will demonstrate the creativity and viability of small business.Unfortunately, that creativity can be overwhelmed with the legislative regulations oblige by the local, state and... ...wamped by flood of regs Electronic version. The Business Journal, 13(46), 29. Kurlantzick, J. (2014). Economy of subdue President Bush has been no friend to small business. Electronic version. Harpers Mag azine, 309(850),79. McCracken, J. (1997). Big 3 drain talent from small firms. Crains Detroit Business, 13(35), 15 Neher, M. (1995, October 15). Red tape, workers comp worry businesses Electronic version. nonchalant Journal World, E-1. Protection service for employees (2014, September). Manufacturers Monthly, 17.Roberts, J. ( 2014, September 02) Small business optimism increasing, figurer Resellers News. Small business owners more concerned about economy than terrorism, (2014, July 12). PR Newswire ,.Smaller firms can and do find health insurance (2014). Crains wampum Business, 27(42), 20.