An Analysis And Classification Of Problems In Small Business

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 Medicaid costs from general tax revenues that are about 50 % of most costs.

The rest is paid by the federal government in each condition (Harrington, Estes & Hollister, 2007, p. Medicaid impacts the five basic services: inpatient and outpatient treatment, an appointment of the various experts, stay static in the assisted living facilities, clinical diagnostics, and radiological research methods. The program pays for staying in nursing homes those individuals, who require constant care and can’t be without outside assistance.

A stay in such facilities is very costly and can depend on 100 dollars per day. Therefore, the most people do not have enough of their cost savings for this. Major area of the money allocated to Medicaid is spent for patients at nursing home. In 1966, the U.S. Congress handed legislation, which reformed the public security system in the U.S.

Since then, every condition of the country gives the authorities an idea to provide medical services to the groups included in Medicaid. Upon acceptance of the program, expresses use federal money as well their own income to finance medical treatment services. Each state has its program of Medicaid, rendering it very complicated to manage (Andersen, Rice, Kominski, Afifi & Rosenstock, 2007, p.

In 2010, the most significant change was made in the ongoing health system following the U.S. Medicare program in 1960. U.S. House of Representatives approved the health reform proposed by President. Barack Obama commented, “Tonight’s vote is not a victory for any one party – it’s a success for them. It’s a success for the American people.

And it’s a triumph for common sense” (Thrush & Lee, 2010). However, according to the competitors of the U.S. Reform must definitely provide health insurance for 32 million U.S. The cost of this project is approximated around at 940 billion dollars. “Reformatted” health care system provides that insurance coverage should be extended to all Americans. Of course, there will not be great changes for those, who’ve already got insurance policy or who have received social bundle from the company.

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However, for others (more than 50 million people in the united states have no health insurance today) regulations supplies the radical changes. However, it’ll be still 23 million uninsured one by 2019, one-third of them are the illegal immigrants. Even so, coverage will be expanded to 95% of the population (against 84% today).

New system will provide still unprotected people with insurance in different ways, at differing times, and gradually. Firstly, from 2014, companies that employ over 50 persons will be needed (but not by their discretion) to insure the health of employees. Otherwise, they shall face fines. Secondly, half a year after enactment of the statutory law, it’ll be prohibited the insurance policies that limit the effect of medical coverage by life expectancy.