Watch out for Failure

The New York Times lists the top ten reasons that any small business can fail. They are reasons that any business can fail victim to. They are things like not enough money, a reduced demand for the products, or owners stuck in their own ways and not open to change. The most unexpected reason is out-of-control growth. When businesses all of the sudden start to take off, but don't have the financial backing, will fail. It is better to grow at a steady rate rather than all at once.

This article gave my research great insight into how small businesses function. I am going to pull many of these reasons into my solution paper as a call to action for the readers. The readers need am understanding of what small businesses need.

Goltz, Jay. "Top 10 Reasons Small Businesses Fail." Youre the Boss Top 10 Reasons Small Businesses Fail Comments. The New York TImes, 5 Jan. 2011. Web. 18 Apr. 2016. <http://boss.blogs.nytimes.com/2011/01/05/top-10-reasons-small-businesses-fail/?_r=0>.

Goltz, J. (2011, January 5). Top 10 Reasons Small Businesses Fail. Retrieved April 18, 2016, from http://boss.blogs.nytimes.com/2011/01/05/top-10-reasons-small-businesses-fail/?_r=0 

What Can You Do?

It's the holiday season once again. Black Friday is looming. The focus is on the huge deals at large franchises and the local small businesses have no chance against them. The solution ends up being Small Business Saturday. The day after Black Friday, the goal is to bring more clientele to small businesses. Since its installation, Small Business Saturday has proven to be more a success than ever thought in the first place.

Small Business Saturday is a main point in my research. It is a day where small businesses have the chance to increase intake better than ay other day of the year. As a consumer, I feel that Small Business Saturday is one of the best programs to support small businesses to date.

Lowry, Erin. "How You Can Support Small Business Saturday." U.S. News: Money. U.S. News. Web. 11 Apr. 2016. <http://money.usnews.com/money/blogs/my-money/2015/11/25/how-you-can-support-small-business-saturday>.

Lowry, E. (n.d.). How You Can Support Small Business Saturday. Retrieved April 11, 2016, from http://money.usnews.com/money/blogs/my-money/2015/11/25/how-you-can-support-small-business-saturday

5 Ways

Small Business Week was originally created in the early sixties by President Kennedy in hopes of creating more of a drive in entrepreneurship.  This article gives five ways to support small businesses during this week. The first is to go have dinner at a locally operated restaurant. The second is to buy food at a farmers market or local grocer. Next, spread word about your favorite businesses to acquaintances. Fourth, share the news of how local economy is supported by the consumers. Fifth and final, just appreciate the small businesses around you.

This article is very to the point of going about how the consumer need to support local businesses. By listing very simple tasks that any one person who has the desire to can easily execute. Personally, I try to do these things. It is super simple and rewarding in the long run.

Ty Kisel. "5 Ways to Support Small Businesses." Huff Post: Whats Working in Small Business. Huffington Post, 19 June 2013. Web. 11 Apr. 2016. <http://www.huffingtonpost.com/2013/06/18/small-business-week_n_3461967.html>.

T. K. (2013, June 19). 5 Ways to Support Small Businesses. Retrieved April 11, 2016, from http://www.huffingtonpost.com/2013/06/18/small-business-week_n_3461967.html

http://www.huffingtonpost.com/2013/06/18/small-business-week_n_3461967.html

Choose Small: They Deserve it

The week of May 4th-8th is National Small Business Week. In this article, it is explained how small businesses are anything other than small. With more than 58 million workers employed in a small business, these businesses have a duty to provide for those employees. Small businesses need support to do this. Customers are what gives that support. As the article says "Everybody wins when we support small business", pretty much sums up what you, the consumer, needs to do.

In creating my solutions page, this is a vital resource as there are many pieces of interest that will add to my paper. Small businesses are vital to a state's economy, that is the case here in Utah. So this up and coming Small Business Week or on Small Business Saturday, do your part and shop small.

Goodman, G. (2015, May 5). Choose Small: Why Small Businesses Deserve Our Support. Retrieved April 11, 2016, from http://www.huffingtonpost.com/gail-goodman/choose-small-why-small-bu_b_7154380.html

Goodman, G. (2015, May 5). Choose Small: Why Small Businesses Deserve Our Support. Retrieved April 11, 2016, from http://www.huffingtonpost.com/gail-goodman/choose-small-why-small-bu_b_7154380.html

Solutions: Top Ten Reasons

Lists of top ten reasons for anything tends to draw the attention of any person. The top ten reasons for supporting local businesses is no different. By listing reasons about what supporting small businesses does for it calls the consumer to a duty of support. Shopping local creates character and prosperity. It gives a community well-being, helps with local decision making, and entrepreneurship. Jobs and wages are created, which keeps money local, which in turn keeps public benefits up and costs down. Competition, in the long run, will keep businesses open by striving to be the best. Environmental sustainability is something very beneficial to the environment. Product diversity keeps people coming back for items.

This applies to my final essay to be written as this is a obvious call to action. Small businesses are in need of support from consumers in order to actually make it with an income. I, personally, enjoy short concise lists that are easy to understand. This source is one of those.

Mitchell, Stacy. "Top 10 Reasons to Support Locally Owned Businesses." Institute for Local SelfReliance. 10 Dec. 2012. Web. 11 Apr. 2016. <https://ilsr.org/why-support-locally-owned-businesses/>.

Mitchell, S. (2012, December 10). Top 10 Reasons to Support Locally Owned Businesses. Retrieved April 11, 2016, from https://ilsr.org/why-support-locally-owned-businesses/ 

Adjusting to an Evolving Business Climate

Written by the Regional Administrator of the Small Business Association, Mr. Stan Nakano congratulates the winners of the most recent Small Business Week. Spotlighting the many different small businesses here in Utah in the innovative ways of creating the best business environment they can. Small businesses have grown in number and economic sustainability. The growing number of loans also helps the overall economy to grow in relation to those small businesses.

This news article proves that the research I am doing on small businesses being vital to Utah economy, to be true.  Utah is growing in expansion of small businesses, creating more of a lean onto those said businesses to keep the economy alive and well. During small business week, businesses are striving to be noticed and for that to happen., they need support from us, the consumers.

Nakano, Stan. "Adjusting To An Evolving Business Climate." Enterprise/Salt Lake City 44.38 (2015): F3. Regional Business News. Web. 22 Mar. 2016.  

Nakano, S. (2015). Adjusting to an evolving business climate. Enterprise/Salt Lake City, 44(38), F3.

Investment Fund has Benefits

Back in June 2006, the Southeast Utah Small Business Investment Fund was reviewed in order to determine the " its level of economic benefit to the rural communities of southeastern Utah, measure  the effects the program has had on participants’ use of public assistance, and look at the efficiency of program administration. The main goal of this group is to help lower income families, wanting to start a small business, the opportunity to do so by funding proceedings. As of now, it is only funding businesses in the rural southeast of Utah, but hopes to expand soon to other areas as well. 

This applies to my research because small businesses are vital to Utah's economy. In supporting those who are willing to start their own small businesses, helps the economy grow immensely, especially in the rural areas of Utah where there are not many large franchises to shop from. Though this is a great program, it has been short lived for some because there is still a significant amount of public assistance payout still occurring for the area. Overall, it has proved to be beneficial for most participating businesses. 

 Utah. Legislature. Office of the Legislative Auditor General. Southeast Utah Small Business Investment Fund Provides Some Economic Benefits. Salt Lake City, 2006. [Report to the Utah Legislature] ; No. 2006-07. Utah State Library. Web. 21 Mar. 2016. <http://www.le.utah.gov/audit/06_07rpt.pdf>.  

 Utah. Legislature. Office of the Legislative Auditor General. (2006). Southeast Utah small business investment fund provides some economic benefits ([Report to the Utah Legislature] ; no. 2006-07). Salt Lake City. Retrieved March 21, 2016, from http://www.le.utah.gov/audit/06_07rpt.pdf