Career Research Presentation

Career Research Presentation

SMALL BUSINESS OWNERSHIP AND ENTREPRENEUERSHIP

Introduction

TO SMALL BUSINESSES

Owning a small business is an aspiration shared among many, but the effort, time, money, and chance that goes into it means it may not be the path for everyone.

Training & advancement

THE BEGINNING IS ALWAYS UNCERTAIN

Education & Training

Career Outlook

Small businesses are on the rise, especially in this day and age of technology

No formal education is required, but going for a business-related degree is very helpful and will likely attract customers.

Advancement & Salary

Salary,y is very diverse when it comes to small businesses, since each one is different in some way. Advancement will often come with time and season.

AVERAGE ANNUAL salary

$63,560

Small businesses have a massive range of salaries, with a multitude of factors that can affect the averages. Time is your biggest ally when it comes to advancement.

LOCATION

THE MIDWEST RANKS HIGHEST

The Midwest region of the US is a prime location for small businesses to thrive. The cities' populations are often growing with young people and advancing in technology. Wisconsin - the highest on the list - has a cost of living that's more than affordable on an average income.

VS

Benefits

Hazards

- complete control over the business - freedom to be own boss - sense of fulfillment

- fincancial risk - unhappy customers - difficulty maintaining business

InFluence of Artificial INtelligence

AI in a small business has more pros than cons. It can take on the job of multiple people, thus lowering costs for the owner, but may end up requiring just as much to maintain.

+ INFO

References

Works Cited

Commerce, Chamber of. “Best Small Cities for Business (2023).” Chamber of Commerce, 31 Mar. 2023, www.chamberofcommerce.org/best-small-cities-for-business/. “Cost of Living in Virginia (2023).” SoFi, SoFi, 14 Dec. 2021, www.sofi.com/cost-of-living-in-virginia/. M, Yaquib. “How Many Companies Use AI 2023: Ai Usage Statistics & More.” BusinessDIT, 16 May 2023, www.businessdit.com/ai-in-business-statistics/. Okoren, Nicolle. “Robots Coming for Your Job? 6 Ways to Put AI to Work in Your Business.” Business.Org, 5 June 2023, www.business.org/business/operations/ai-for-small-business/. [Author removed at request of original publisher]. “5.4 Advantages and Disadvantages of Business Ownership.” Exploring Business, University of Minnesota Libraries Publishing edition, 2016. This edition adapted from a work originally produced in 2010 by a publisher who has requested that it not receive attribution., 8 Apr. 2016, open.lib.umn.edu/exploringbusiness/chapter/5-4-advantages-and-disadvantages-of-business-ownership/. Gregory, Alyssa. “Average Small Business Owner Salary in the U.S.” The Balance, The Balance, 20 Sept. 2022, www.thebalancemoney.com/average-small-business-owner-salary-in-the-u-s-4176311.

THANK YOU!

Cassandra Martin