Role of Small Businesses

Role of Small Businesses

ROLE OF SMALL BUSINESS IN ECONOMY DEVELOPMENT

2015

COURSE: INTERNATIONAL BUSINESS ADMINISTRATION (IBA)
BUS1010: ROLE OF SMALL BUSINESS IN ECONOMY DEVELOPMENT.
INSTRUCTOR: JANE N. WERE.
FALL SEMESTER 2015
SECTION: G

ASSIGNMENT 3

1

ROLE OF SMALL BUSINESS IN ECONOMY DEVELOPMENT

2015

Table of Contents
1.0

INTRODUCTION ........................................................................................................... 3

2.0 SMALL BUSINESS DEFINED ............................................................................................... 3
 2.1 COMMON YARDSTICKS...................................................................................... 4
3.0 ENTREPRENUERSHIP ........................................................................................................ 4
 3.1 TRAITS OF ENTREPRENUERS .............................................................................. 5
4.0 THE ROLE OF THE SMALL BUSINESS IN DEVELOPMENT ..................................................... 5
 4.1 OPERATING A NEW BUSINESS ............................................................................ 5
5.0 CONCLUSION ................................................................................................................... 7
6.0 RECOMMENDATION ........................................................................................................ 7
7.0 REFERENCES .................................................................................................................... 8

2

ROLE OF SMALL BUSINESS IN ECONOMY DEVELOPMENT

2015

1.0 INTRODUCTION
The global concern for stagnation in the economy of Kenya is high unemployment rates and
poverty that has led to finding alternative methods to boost the economy. One strategy
adapted by the Kenyan economists is encouraging the development of small businesses and
entrepreneurship to increase the economic activity within the country.
Small businesses form...

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