Did you know that huge businesses like apple amazon and and even disney started off as small business. Hello my fellow readers, I’m Amran Taleb. For my senior project I’m doing research on business and how big businesses affecting the small businesses. One privilege that big businesses over small ones is that they can buy bigger potions which means they get it for cheaper, therefor sell it for less. I chose this topic because my family owns a small business so I personally see how big business affect the small ones.
A website called “Huffington Post” talks about how small businesses impact the community. There are three primary ways that small businesses contribute to our nation. They give people the opportunity to achieve financial independence, encourage innovation, and create employment opportunities.Massive companies starting in garages is a real thing too, and that’s how we ended up with Microsoft, Apple, Amazon, Google, HP, and Disney.
I also found a film called “How are small business important.” Some key facts were that small businesses create most of the jobs in the usa. Small bus are the county main job creators because they often growing and looking for new markets to expand. To do so they need more employers. Unlike big bus who general stay the same hiring new employees to replace the older ones.
I also found an academic source called “The importance of small business to the economy.” It saids that a small business is one that is independently owned and operated, exerts little influence in its industry, and (with a few exceptions) has fewer than five hundred employees. There are more than 27 million small business in the USA. Small business is the portal through which many people enter the economic mainstream. Business ownership allows individuals, including women and minorities, to achieve financial success, as well as pride in their accomplishments.
There was also a new article from abc after hurricane Irma hit Florida. Governor Rick Scott is offering short-term, interest-free loans to small businesses that experienced physical or economic damage during Irma. He explains that Small businesses are the backbone of Florida’s economy, and families are depending on these businesses recovering as quickly as possible.
If you have any questions, concerns, or advice, please comment. It will help me a lot.
I think the issue you are addressing is very important in our world today. Many small businesses are being shut down due to the lack of customers. This is because customers cn go to the bigger businesses and buy the same products for less. It seems more convenient to shop online or at big supply stores to get the best deal, and availability, but the customer service in small businesses is just as important. http://www.theonion.com/graphic/big-box-stores-vs-small-businesses-52918 this link takes you to an article that lays out the pros and cons to each side in an easy to read chart. I thought it was interesting how some of the benefits for one side were the cons for the other. I hope to read more about your idea after you read this article.
I think it is great that you chose a topic to research that means something to you because your family owns a small business. You did a great job laying out the benefits of having small businesses and how they benefit the economy. I think it would be good to talk about how the bigger businesses harm smaller businesses. Here is a link that might help you further your research about small businesses: https://www.inc.com/encyclopedia/small-business-large-business-relationships.html.
The issue of small business is very important to you and I admire that. I think that it is an interesting topic and we could look more at the affects it has on people like you. I am not involved personally in this matter so I cannot speak to how your life is but I imagine that big businesses are affecting how your family lives. Below I have left a link on how big businesses control smaller ones for you to look at! Hopefully this research can bring you to a better understanding. http://smallbusiness.chron.com/multinational-companies-affect-local-businesses-70396.html
This is a very necessary topic in today’s day and age. Many people only focus on big businesses these days and do not consider the contribution the smaller businesses have on the economy. When you said, “They give people the opportunity to achieve financial independence, encourage innovation, and create employment opportunities,” that is especially true as the middle class do not spend and be involved with the economy, it does not grow. Have you read more sources and gotten more information, you’ll need a lot of that for this research. Check out the book by Robert Reich, Aftershock, it’ll give you many details about the economy. Can’t wait to see how you do!
Hi Amran, I really found your post very similar to how economically small businesses work here in Utah, Salt Lake City. I can add by saying many small businesses rely heavily off of the local customers and consumer to help finance their businesses and keep them running. I will also say it’s very sad when these small businesses like you said (many in Utah) are family owned and they go out of businesses because of competitor businesses that offer prices of goods at a cheaper price. For me as a consumer I like paying that extra amount because it’s locally going back to my store. My only thoughts that you could maybe investigate is see if these’s businesses even use healthy ingredients when making their products and make it obvious that a local business is better than a giant fast chain.
Amran, I think this topic is very interesting as my family owns a small business too and I can relate to what you said about your family and their business. What you said about small businesses being the backbone of some economies was very interesting to me and I would’ve liked if you had expanded on that and explained more Overall this research topic was very interesting to read and what you said about how big businesses can dominate over smaller ones was very true.
Amran, I really like this topic that you chose. I never really thought about big businesses and the effect that they may have on small businesses. Although I have heard that small businesses are more friendly even though they may not have the same advantages as big businesses, they bring communities together more. Here’s a source that could be more helpful to your topic: https://www.inc.com/michael-gerber/whats-the-difference-between-a-big-business-and-a-small-business.html
I think your topic is very interesting. Its also really cool your family has their own business. I think big businesses like Walmart that are taking away from small businesses are hurting people who run them. Something you could look into is how big businesses are run and if there is any way that it could help small businesses. You could also look into why big businesses are big and how they got there. since this topic hits close to home because your family has a small business you could look into why It is important for people to support small businesses rather than large ones. Here is an article I found about this that may help. https://www.forbes.com/sites/nicoleleinbachreyhle/2014/09/02/why-you-need-to-support-small-businesses/#7771a2c7b0d4
Hello Amran, I think you’re topic is quite compelling. There are a lot of little shops scattered throughout my hometown, and I don’t often think about how big business effects them. I have thought about how netflix killed the video storehttps://money.usnews.com/money/blogs/flowchart/2010/09/23/how-netflix-and-blockbuster-killed-blockbuster, but not much past that. You’re comment on how, “They give people the opportunity to achieve financial independence, encourage innovation, and create employment opportunities,” because that’s something that I’ve heard of occasionally but never looked into. A former friend of my’s father worked at a piercing studio and owned a clothing boutique next door, but it shut down because there wasn’t enough interest for semi high priced goth clothing when it could be found cheap elsewhere. I look forward to seeing what you do with this next.
Amran, this is a very interesting topic. I have heard many times that small businesses are good for the economy, but I’ve never known why. I have a personal connection to your project, because my dad is a part-owner of a small business. One resource that might help you in your research is https://www.bfscapital.com/blog/how-small-businesses-help-economy/ . Maybe you might want to consider the total amount of people who work for small businesses as opposed to big businesses as well. I’m excited to see what more you write in the future on this topic.
Hi Amran! I find your topic of the affects of big business on small business quite interesting, as America is truly reliant on small and local businesses. One big question I have is if big business negatively or positively affects small businesses and how? Is one better for the economy than the other (global and local)? How does one start to build or get involved with a local business?
I found a link that you might find useful. There are also other articles on the same website http://smallbusiness.chron.com/multinational-companies-affect-local-businesses-70396.html
I look forward to seeing what you find out!
Hi Amran! I am also really interested in your topic. My father took over a small business started by his father and has turned it into a large scale business production. This topic of how large businesses monopolize on smaller business by buying them out is something that is very common in the world of business. It is also intriguing to view the things that small businesses do better than large corporations for the economy. This fortune article has some interesting insight that might be helpful to your project in listing the things that small businesses achieve for the American economy. http://fortune.com/2014/06/10/what-small-businesses-do-better-than-corporate-america/ . Thank you for sharing this post and I am excited to see where you take it.
Your post is very formative with regards to the growing concern for local and small businesses. This interest is an important research topic to pursue. Something that would help a lot or hopefully would help is the understanding of how big businesses grow and become powerful. The historic advent of innovation with technology led to the first companies that had complete dominion in the market such as Microsoft, Netscape, Internet Explore, the first processor companies and later Apple. These monopolies would soon be addressed with hostile and cautious observation by the government until the market became bigger and less monopolized. I hope this helped. Here is a link to a source that could be helpful to you. https://cs.stanford.edu/people/eroberts/cs201/projects/corporate-monopolies/development_microsoft.html