Business Journalism Professors 2014: Lesson plan - Small Business Coverage Demo
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18-Oct-2014 -
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Transcript of Business Journalism Professors 2014: Lesson plan - Small Business Coverage Demo
Learning objective: Identify the key issues that impact small
business owners.
} Small business Saturday
} Employ half of all private sector employees. } Pay 43 percent of total U.S. private payroll. } Generated 65 percent of net new jobs over
past 17 years. } Hire 43 percent of high-tech workers. } Are 52 percent home-based and 2 percent
franchise. } Produced 31 percent of export value in FY
2008.
} Source: U.S. Small Business Administration
} Independent businesses with fewer than 500 employees
} Neighbors who consume local goods } Franchise owners, retailers, manufacturers,
inventors, professionals, tradespeople, farmers
} Financing } Employee wages and benefits } Finding/retaining employees } Workforce development/employee training } Identifying market/customers } Taxes } Laws/regulations
} Liability insurance } Mergers } Longevity } Work-life balance
} Melony Shemberger, Murray State University } Eric Wilson, Wichita State University } Nerissa Young, Ohio University