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Hospitality Administration and Management
University of Nevada, Las Vegas
Business enterprises — Size; Louisiana — New Orleans; Small business; Small business – Employees; Success in business
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Full-Text Articles in Business
Post-Katrina New Orleans: The Challenges, Milestones And Progress Of Small Business Owners And Entrepreneurs, Iona Lee
UNLV Theses, Dissertations, Professional Papers, and Capstones
The US Small Business Association reports that 99.9% of all US business can be classified as small. Having less than 500 employees small businesses provide work for just over half of all US private sector workers (2009). Additionally, less than 2% of those businesses have between 100-499 employees (Headd & Kirchhoff, 2009), leaving approximately 97% of all US businesses employing 99 or fewer employees. Given this statistic, it would stand to reason that small businesses have a higher success rate than large ones; however, developing and opening a small business does not occur without risk. The SBA reports that only …