Question

Discuss some of the major contributions made by small businesses in today's society? What positive or negative impact do you think such contributions have on you as a student or a career professional?

Answer 1

In the current economic environment, small business organization plays a very important role. They contribute to society by facilitating the jobs to those who have limited capabilities of skills. As these businesses do not have enough resources to hire the best talent in the industry thus they hire those who do not have a formal degree or those are limited with the skills. These firms facilitate training and improve the skills of these people.

These businesses are also able to provide quality products to the customers at a lower price as they do not spend too much on brand creating or marketing. These firms also contribute to the economy by paying taxes and other levies.

In my opinion, in the career of a student, these organizations are quite helpful as a student can start working in these organization and learn the basic knowledge of business management As these organizations have limited manpower thus a single person has to do many activities and thus it is quite helpful to the new student in learning the multidimensional aspects of the business. This can also help the student to start their own venture once they learn the proper management of the business