Principles of Business Phase 2 DB Instructor: Shelley Bartow Mary Thompson November 28, 2012 A small business consists of less than 500 employees, low volume of sales, and privately owned. It also is defined by its function in the economy. A small business can be classified by its assets and profits. Some examples of a small business are a convenience store, hair dresser, restaurant, or bakery. You must be willing to work hard and have a plan. Some people are motivated by the flexibility…
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