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Small businesses are defined as privately owned and operated companies employing a small number of workers. In the United States, the legal definition of a small business is determined by a set of criterion specified by the [[SBA|Small Business Administration]]. Small business are pervasive throughout the United States and other countries. Typical examples of a small business include:freight trucking, residential builders, exterior contractors,and architectural contractors[http://www.entrepreneur.com/article/226256]. According to the SBA there are approximately 28 million small businesses in the United States that comprise 55% of all US jobs. Furthermore, the number of small businesses in the United States has increased by approximately 49% since 1982.
[[Image:smallbusiness{{McNair Topic Areas|image=American-City-Business-Journals-corporate-office.JPG |caption=Small Business Offices in the United States |Topic Area Name= Small Business|Team Members=Dylan Dickens|Primary Billing=Dr.jpgEdward Egan|300pxKeywords=Small Business, Entrepreneurship|thumbCaption=Small Business Offices in the United States|right]]Image=American-City-Business-Journals-corporate-office.JPG}}
{{:Affordable Care Act}}==Future Work==*[[(Blog Post) Best Practices for Small Business|A Blog post]] concerning best practices for Small Business on the McNair Blog.*An [[SBA Investigation (Report)|investigative report]] taking a look at the financial activities of the [[SBA|Small Business Administration]].*A [[What's Killing Small Businesses? (Blog Post) | Blog Post]] describing the governmental and societal factors that are causing small businesses to fail*An [[Government Regulations affecting Small Businesses(Academic Paper) | Academic Paper]] detailing the effects on small businesses directly caused by specific government-issued regulations
===Access to Capital==={{[[Category:Access to Capital}}===Student Debt==={{:Student Debt}} ===Patent Reform=== {{:Patent Reform}} ===Gender Equality==={{:Women in Entrepreneurship}} =='''Helpful Websites'''==*The Small Business Administration: https://www.sba.gov/*The Federal Reserve Board Survey of Small Business Finances: http://www.federalreserve.gov/pubs/oss/oss3/nssbftoc.htm*Trends in Small Business: http://smallbiztrends.com/ =='''References'''==1. http://www.gallup.com/businessjournal/186179/student-loan-debt-major-barrier-entrepreneurship.aspx 2. http://www.entrepreneur.com/article/237926 3. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2417676 4. http://www.gallup.com/businessjournal/181592/potential-entrepreneurs-aren-taking-plunge.aspx 5. http://www.forbes.com/sites/kauffman/2014/09/15/student-debt-and-the-millennial-entrepreneurship-paradox/#286763962f70 6. http://obamacarefacts.com/obamacare-small-business/]]
no edit summary
=Summary=The McNair Center'''The s topic area on Small Business is the concerted effort to inform the public on the details of small business, the best practices for maintaining and or growing one, and how government regulatory and supporting bodies effect them. Particular interest is granted to educational blog posts and wiki pages to spread information, and investigative research concerning the [[Small Business Administration'''=={{:SBA}}]].
=Projects Outline='''Survey Respondents on Small Business Issues'''=={| class="wikitable sortable" style="width: 100%;"|-! style="width: 5%;" | Survey! style="width: 5%;" | Date! style="width: 20%;" | Labor Markets! style="width: 20%;" | Capital ! style="width: 25%;" | Sales ! style="width: 25%;" | General Outlook|-| [http://www.nfib.com/assets/SBET-February-2016.pdf SBET February 2016]| February 2016| *42% of businesses in the survey report few or no qualified applicants for a position that they were trying to fill|*4% of small business owners surveyed reported that company borrowing needs were not met |*11% cite weak sales as their principal business problem|*Spending and hiring plans fell as expectations for growth in real sales volumes declined|-| [http://newsroom.bankofamerica.com/files/press_kit/additional/Small_Business_Owner_Report_-_Fall_2015.pdf Small Business Owner report]| Fall 2015|*67% planned to hire 12+ employees within 2015|*46% of small businesses surveyed cite credit availability as their primary concern |*28% of businesses say they will use recently acquired funding to develop a new product or service within the next year|*56% say they expect the US economy to improve within the next 12 months*72% of small businesses expect their revenue to increase for the year|-| [https://wellsfargoworks.com/File/Index/J6WCK2WHn0yd-wrTX8btvA WellsFargo survey]|January 2016|*26% of small businesses expect to hire in Q1 2016*66% of businesses expect the number of jobs to stay the same*11% of businesses say that hiring qualified staff and retaining them is their most pressing problem|*19% of businesses responded that obtaining credit was difficult*5% of say cash flow and financial stability as the company's biggest problem*4% of businesses surveyed speculate credit availability may be prohibiting company growth|*14% experienced difficulty attracting customers in Q1 2016*38% of businesses surveyed stated a positive revenue increase in Q1 2016|*67% of small businesses regard their financial situation as good or very good in Q1 2016*71% expect a positive financial future within the next 12 months *8% of small businesses say that the economy is the principal problem their business is facing ||-|[http://www.vistage.com/wp-content/uploads/2016/02/WSJ-CEO-Survey-0116.pdf WSJ survey]|January 2016|*54% of businesses surveyed said they expect firm size to increase|*40% of businesses reported that they expect their firm's fixed investment expenditures to increase during the next 12 mo.|*73% report an expected sales increase within the year *54% of firms expect their profitability to improve|*Investments in new plant and equipment have fallen to their lowestlevel in more than two years*20% of firms expect the economy to worsen in the year ahead—the highest level inmore than two years.|}
=='''Issues Facing Small Businesses'''Completed Work==
==Work in Progress=Health =*A [[Small Business Development Ecosystem of Houston| Portal]] on resources for small business owners.*[[Dylan Dickens]]' [[Houston SBA Loans (Blog Post)| Blog Post]] on the loaning practices of the Houston SBA office. *An [[The Affordable Care===Act and Small Businesses (Academic Paper) | Academic Paper]] detailing the effects of the Affordable Care Act on small businesses*The [[Small Business Research]] represents the current educational wiki page concerning small business.*[[Small Business Data]] A page compiling data on Small Businesses.
