AN UNDERSTANDING OF THE PROBLEMS faced by small businesses is of practical importance for those involved in small businesses. This paper aims to offer an empirical insight in to the problems faced with a reasonably diverse test of what could be regarded as typical small businesses by evaluating the owner-manager’s perceptions of these issues.
The test comprises businesses that are mainly neither fast growing or failures, but average survivors and performers. Several articles have proposed and developed frameworks for classifying problems encountered by entrepreneurs and also have enhanced our understanding of these problems. Some conceptual frameworks have been suggested, for example, Welsh (1988) grouped the issues into five areas predicated on a pre-specified plan. These five areas are function-based and contain (1) human relations; (2) accounting-finance; (3) marketing; (4) inner management; and (5) exterior management. There’s been little organized empirical research into the types of problems experienced by average carrying out small businesses which typify the sector as opposed to that regarding the investigation of high development and failures. Previous studies have been mainly conducted on larger firms.
Adopted in 1966, the constant state Medicaid program provides medical health insurance to the Americans from the poor households. The elderly, individuals with disabilities, disabled, women that are pregnant, and children are under this program also. Thus, this program covered 33% of newborns, 25% of children of all age groups, and 40% of patients with HIV. Federal government state and Federal government governments fund Medicaid Program. The government pays its share of … Read the rest