ADMS 3920 Chapter Notes -Small Business, Ecotrust, El Paso, Texas

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Distinguish between an entrepreneur and a small business owner. Point out how entrepreneurial ventures are critical to the health of the u. s. economy, so an entrepreneurial career contributes to personal rewards and societal welfare. Contributions of small business to the economy: small business makes a positive contribution to the economy. More than twice the number of jobs contributed by larger businesses. Larger firms could cut costs as the recession developed. Small businesses in general didn"t have that option. Entrepreneurship offered in universities across the u. s. reflecting the desire to own a business. Entrepreneurship offers many opportunities: megan wettach (fashion designer) Opened a store to sell prom dresses in mount pleasant, iowa) Took an entrepreneurship class at university of iowa. Began designing her own gowns and obtained a ,000 line of credit. Signed a deal with an apparel maker in china and negotiated a deal to sell her own dresses.

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