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The Importance of Small Businesses in Our Society

1. Introduction

In this paper we will discuss about small businesses. Many of these small businesses have been building their online pages in order to get more promotion and attract people. The main aim of this report is to investigate the importance of small businesses and their contribution to our society. We will also try to answer the question whether it is really necessary for small businesses to have an online presence.

2. The Benefits of Small Businesses

Small businesses are extremely important for the economy and the community. They create jobs, promote innovation and offer consumers a greater choice. Small businesses also have a big impact on the environment. They are usually more environmentally friendly than large businesses because they have smaller premises and consume less resources. In addition, small businesses are more likely to use local suppliers, which reduces transport costs and emissions.

3. The Social and Communitarian Business Type

There are different types of small businesses, but the most common type is the social or communitarian business. This type of business is owned by a group of people who share similar values or objectives. The main aim of this type of business is to improve the community or society in some way, rather than make a profit. This can be done through providing goods or services that are not available elsewhere, or by giving back to the community in some way. For example, a community recreation facility, like the Hawthorn Aquatic and Leisure Centre, is a social business that provides facilities for people to enjoy and stay active. It also offers programs that benefit the local community, such as swimming lessons for children and seniors.

4. The Necessity of Freedom and Responsibility in Small Businesses

Freedom and responsibility are two of the most important values in any small business. Without these values, a business will not be able to function properly or achieve its goals. Freedom gives employees the autonomy to make decisions and take actions that they believe will benefit the business. Responsibility ensures that everyone is accountable for their actions and takes ownership of their work. These values are essential for creating a positive work environment and fostering a culture of innovation and creativity.

5. Conclusion

Small businesses play a vital role in our economy and society. They provide jobs, promote innovation and offer consumers greater choice. They also have a positive impact on the environment by using less resources and supporting local suppliers. Social or communitarian businesses are particularly important as they improve the community in some way, while also providing goods or services that may not be available elsewhere. Freedom and responsibility are two essential values in any small business, as they allow employees to take ownership of their work and make decisions that will benefit the business as a whole

FAQ

Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation. They are important because they contribute to the economy in several ways.

Small businesses contribute to the economy by providing goods and services, creating jobs, and paying taxes. They also help to stimulate economic growth by providing competition for larger businesses and by supporting local communities through their involvement in civic organizations and charitable causes.

The challenges faced by small businesses include limited access to capital, limited resources, and increased regulation.

We can support small businesses in our community by shopping at local businesses, investing in local businesses, and promoting local businesses through word-of-mouth marketing.

Some success stories of small businesses include Apple Computer, Google, Amazon.com, and Starbucks Coffee Company.

Cite this assignment

Free Essay Samples (January 30, 2023) The Importance of Small Businesses in Our Society. Retrieved from https://essayholic.com/the-importance-of-small-businesses-in-our-society/.
"The Importance of Small Businesses in Our Society." Free Essay Samples - January 30, 2023, https://essayholic.com/the-importance-of-small-businesses-in-our-society/
Free Essay Samples February 9, 2022 The Importance of Small Businesses in Our Society., viewed January 30, 2023,<https://essayholic.com/the-importance-of-small-businesses-in-our-society/>
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"The Importance of Small Businesses in Our Society." Free Essay Samples - Accessed January 30, 2023. https://essayholic.com/the-importance-of-small-businesses-in-our-society/
"The Importance of Small Businesses in Our Society." Free Essay Samples [Online]. Available: https://essayholic.com/the-importance-of-small-businesses-in-our-society/. [Accessed: January 30, 2023]

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