Topic > Small Business Essay - 947

According to the Small Business Notes (nd) site, people can learn a lot about innovative ways to start and run a business by looking at what our predecessors did. Business as it works today was built on the backs of numerous entrepreneurs who took their first steps in developing new products, trying new ways of doing things, and exploring new realms. Small business literature wouldn't be complete without stories. Starting and running a small business is more of a culture where stories are passed down, passing on wisdom from generation to generation. And these stories can serve as a guide as well as a source of inspiration. Small business entrepreneurs have been breaking new ground for many centuries. Since the first inventors and explorers, entrepreneurs have sought new paths and new solutions for the business world. Entrepreneurship began as early as Horace in ancient Rome and was certainly practiced by Italian merchants in late medieval Italy. The real rise of the commercial entrepreneur began, however, with the industrial revolution. Throughout the history of business there have been many people who have impacted the business world as it is today. Not all have been corporate giants, but they have significantly demonstrated leadership in their industry. These are our true corporate heroes, our role models, our mentors indirectly through their stories. Some well-known business leaders are Francis Bacon, Eric Hoffer, Thomas Edison, Adam Smith, and many others (Realms, 1997). Concern about business intensified during World War II. To help small businesses participate in war production and ensure financial sustainability, Congress created the Smaller War Plants Corporation (SWPC) in 1942. distribute products to other types of establishments, and the establishments will sell them to different customers. Wholesale businesses often distribute their goods to the retail business. 2.2.3 Service Service is different from retail and wholesale because both wholesale and retail offer goods. In services, establishments do not offer goods, they offer services such as salon services, legal services, etc. 2.2.4 Production Manufacturers are often called converters because they change and convert raw materials into a product. 2.2.5 Transportation Transportation is of great help in our daily life life helps people to travel from one place to another. It is classified as road, air, water or pipeline transportation. 2.2.6 Construction On construction sites workers build or make things. They are the ones who made the road and built the house.