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Factors that could help to expand small scale business.
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[QUOTE="Holicent, post: 296717, member: 76163"] Small businesses are the backbone of the economy and a major contributor to the U.S. Gross Domestic Product (GDP). However, small businesses are also more likely to struggle than larger companies, according to a study by Harvard Business School and the Small Business Administration (SBA). The study found that while small business owners do better than employees of large companies, they still have problems getting loans and overcoming economic challenges. Here are some factors that could help expand small businesses: 1. Higher wages. A higher minimum wage would help increase worker productivity and thus increase revenues for small businesses. 2. More training opportunities for entrepreneurs. Training programs that provide hands-on experience for entrepreneurs can help them grow their business and make it easier for them to access the credit they need to grow their businesses further. 3. More affordable loans from banks and credit unions or other lenders that focus on small business loans rather than big banks who focus on mortgages or auto loans or credit cards for consumers only." [/QUOTE]
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Factors that could help to expand small scale business.
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