Small

Enterprises
 Definition:
o Sometimes called a small business.
o Employs a small number of workers.
o Does not have a high volume of sales.
o Privately owned.
 Examples
of
Small Enterprises
 Inns
GroceryShop
Bake Store
ADVANTAGES OF SMALL
ENTERPRISES

 Easy to manage
 You are able to shape the business
however you like
 You are responsible for your own actions
 Lower taxation
 Easier accounting methods
DISADVANTAGES OF SMALL
ENTERPRISES

 Can be easily destroyed by a larger organization

 Have to perform many different functions

 You have limited borrowing power

 Limited sources to invest

ROLE IN SOCIETY
 Represent ways that business owners test their business
ideas in a market
 Provide economic stability for owners and their families

 Help stimulate local economies by providing local

individuals with jobs as well as products to community
members