Small Business Literature review Research Paper

Small Business Literature review - Research Paper Example Government defines small business according to the employees, total capital and market expansion etc. â€Å"The concept of small scale business has been changing time to time† and â€Å"definition of scale business is rather ambiguous (Basu, 1998, p.104). The complexities in large scale business are greater than in small scale. However, managing a small business is as challenging as maintaining a large scale business as there are many limitations in small business. This paper will attempt to present literature review of small business management. The entire explanation and analyses will be divided into several sections and each section will focus on particular area of small business. The first two sections will analyse major pitfall and drawbacks in small business and general mistakes of small business owners. The section three will discuss effective methods and steps in starting a small business. Next section will focus on effectiveness and profitability of small business for used appliances and sales store. The last section will point out the importance of Hispanic community for small business. Finally, the conclusion will point out the major findings of the entire discussions and analyses. Many a time the entrepreneurs start a new business with great enthusiasm but overlook some minor issues that results in major pitfalls. With time these pitfalls adversely affect the business and the newly started fails to achieve its goal. Therefore, the time and the labour put in developing the business goes in vain. If the entrepreneurs can identify the common pitfalls before hand, he or she can be more attentive and the possibility of committing common mistakes can be minimised. Some of the common pitfalls related to the SMEs are discussed below. Understanding the amount of money and time it will take to start the business: While developing the business plan, the entrepreneur often makes some assumptions which may

Changing the Education Paradigm Essay Example | Topics and Well Written Essays - 1250 words

Changing the Education Paradigm - Essay Example The essay "Changing the Education Paradigm" talks about the purpose of education in general and as a way to master the challenges of society and get ahead in life. The noble purpose of education is to enable the individual to acquire needed skills and knowledge to muster the resources needed to make critical thinking possible, and from there effect desired changes in society. This is the lofty aim wherein an individual becomes empowered to greatly improve life for everybody. It is the main idea of famed educator John Dewey, who argued education should be used to help improve human nature, to raise human consciousness, to uphold moral values, and to infuse ethical behavior and thinking of all educated people. There is a need to restore real education again as an integral part of learning about life skills and competencies, not limited to acquiring skills to get a job. Real education prepares the person to face life and be able to enjoy it to the fullest. It is not the mere memorization of books and articles; rather, it should provide an understanding of what goes on in the larger real world. To be educated is to be imbued with those ideas and concepts which elevate the person into a real human being able to engage society in a meaningful way, get along in the world and give a good account of oneself. As Spayde somewhat put it succinctly, it should be much more than the â€Å"obligatory filling of our heads† with facts and figures which are oftentimes meaningless in the grander sweep of life. (Spayde 69), but education must not be limited only to the four corners of the classroom; rather, it should be the whole world, instead, made into a classroom, in a figurative sense. What Spayde meant to say was formal education in an academic setting should also be supplemented by informal schooling, in terms of real-life experiences, in which life-lon g lessons are learned and allow the student to distinguish the more important things in life. It will enable him to become a much more improved person able to tackle the challenges in life. A lot of distinguished Americans were essentially self-taught, and this includes Benjamin Franklin, Thomas Edison, and Mark Twain. These people did not limit their own education to what the classroom can offer, but supplemented their truncated academic schooling with their search for knowledge by living life to the fullest and did not confine their search to what was offered only in schools; in essence, the world became their giant classroom. As an example, Mark Twain quit school early and did not finish high school, and yet he educated himself by becoming a river pilot on the Mississippi River, met a lot of people, got to observe human behaviors and human nature, and became a self-taught expert on many topics concerning the Mississippi (Gribben 1). His frequent travels made for a real education, and his knowledge of the Mississippi is better than most people’s; he could cite facts about its geography, river basin (delta), soil fertility, and size from his prodigious memory (Twain 8). He ended up better educated