Week2.pdf - BA 120 Exploring Business Administration Spring 2020 Starting Growing a Successful Business Dr Serap Sap What Is a \u201cSmall\u201d Business \u009b

Week2.pdf - BA 120 Exploring Business Administration Spring...

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BA 120 Exploring Business Administration Spring, 2020 Dr. Serap Sap Starting & Growing a Successful Business
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What Is a “Small” Business? Small business one that is independent (not part of a larger business) and that has relatively little influence in its market. Businesses with fewer than 500 employees Small Business Administration (SBA) government agency charged with assisting small businesses KOSGEB: SMEs Development Organization in Turkey
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European Commission Definition of SMEs Company Category Headcount Annual Turnover Balance Sheet Total Medium < 250 (50-249) 50 m 43 m Small < 50 (10-49) 10 m 10 m Micro < 10 (1-9) 2 m 2 m Source: (European Commission, 2019)
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The Importance of Small Business for Economy Job creation Innovation Contributions to big business
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The Importance of Small Business in Turkey They made up %99.77 of all firms %78 of all employment %65.5 of all sales %50 of all investment %60.1 of all exports
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The Importance of Small Business in Turkey Balanced development among regions of the country Rural development Being complementary and supporter of the big companies
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Popular Areas of Small-Business Enterprise
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Why SMEs are dominating Service Sector? SMEs have their own constraints; Time, Human Expertise, Budget Therefore, they prefer less source required industries.
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Entrepreneurship Entrepreneur businessperson who accepts both the risks and the opportunities involved in creating and operating a new business venture Entrepreneurship the process of seeking business opportunities under conditions of risk
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Think-Pair-Share What might be the reasons of pursuing entreprenurship?
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Entrepreneurial Characteristics
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Understanding Distinctive Competencies of SMEs 1. Ability to find Niches in Established Market one in which many firms compete according to relatively well-defined criteria Niche; a segment of a market that is not currently being exploited
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Understanding Distinctive Competencies of SMEs 2.
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