Entrepreneurial Struggles Today
Abstract The growth of the economy relies on small business across the United States. The overwhelming majority of businesses within this economy are small businesses. Unfortunately, this study found that many young entrepreneurs today are hindered, due to many conditions within our current economic position. Those who fail to conduct business plans, especially in the current time are often unaware of new regulatory costs, business expenses, and competition within their communities. This study examines those who are unaware and aware of these given aspects and are challenged to start and maintain their business ventures. With an interview and a survey provided in this study, business owners gave insight on their financial situations and struggles alike. Overall, the conclusion of this study fears entrepreneurs today face many challenges that have proven difficult to get their businesses started and maintained.
Entrepreneurial Struggles Today Small businesses in the United States of America have for a long time been the foundation for economic growth. They are easier to start because they only require some capital, and if they succeed, the country gains more benefit from an entrepreneur than it would from a governmentally backed industry. Since small businesses employ the majority of workers in the U.S., the nation gains more from the entrepreneurs because they pump in new jobs, more tax revenue, and they decide the nation’s economic growth if successful. Also, the thought of the so called “American Dream” rings loudly for these entrepreneurs who have the idea of making it from the bottom to the top. If successful, we as a country, have yet another story of a hard working individual who makes it from rags to riches. On the other hand, there are many downfalls for American entrepreneurs who fail to have on hand the necessary capital, or mismanage their business plan, or lack the proper strategy to continue their business ventures. Nonetheless,
Entrepreneurial Struggles Today Small businesses in the United States of America have for a long time been the foundation for economic growth. They are easier to start because they only require some capital, and if they succeed, the country gains more benefit from an entrepreneur than it would from a governmentally backed industry. Since small businesses employ the majority of workers in the U.S., the nation gains more from the entrepreneurs because they pump in new jobs, more tax revenue, and they decide the nation’s economic growth if successful. Also, the thought of the so called “American Dream” rings loudly for these entrepreneurs who have the idea of making it from the bottom to the top. If successful, we as a country, have yet another story of a hard working individual who makes it from rags to riches. On the other hand, there are many downfalls for American entrepreneurs who fail to have on hand the necessary capital, or mismanage their business plan, or lack the proper strategy to continue their business ventures. Nonetheless,
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