Business Journalism Professors 2014: Lesson plan - Small Business Coverage Demo
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The document outlines the significant role of small businesses in the U.S. economy, noting they employ half of all private sector workers and generate 65% of net new jobs in the past 17 years. It identifies key challenges faced by small business owners, including financing, workforce development, and regulatory compliance. The source of the data is the U.S. Small Business Administration, highlighting the importance of local goods consumption.
Business Journalism Professors 2014: Lesson plan - Small Business Coverage Demo
- 1. Learning objective: Identify the key issues that impact small business owners.
- 3. Employ half of all private sector employees. } Pay 43 percent of total U.S. private payroll. } Generated 65 percent of net new jobs over past 17 years. } Hire 43 percent of high-tech workers. } Are 52 percent home-based and 2 percent franchise. } Produced 31 percent of export value in FY 2008. } } Source: U.S. Small Business Administration
- 4. Independent businesses with fewer than 500 employees } Neighbors who consume local goods } Franchise owners, retailers, manufacturers, inventors, professionals, tradespeople, farmers }
- 5. Financing } Employee wages and benefits } Finding/retaining employees } Workforce development/employee training } Identifying market/customers } Taxes } Laws/regulations }
- 6. Liability insurance } Mergers } Longevity } Work-life balance }
- 7. Melony Shemberger, Murray State University } Eric Wilson, Wichita State University } Nerissa Young, Ohio University }