Essays on Small Business Management Assignment

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AbstractSmall Businesses continue to play an important role in the improvement of lives and livelihoods of many families in different countries across the world. An example of such small business is Pembroke Tourist and Leisure Park in Armidable, New South Wales, Australia. Pembroke Tourist and Leisure Park is located near the national parks of New England and offers different tourism services. The scope of this report is therefore designed in such a way that it attempts to provide a working definition of a small business and some of the characteristics a small business as well some of the examples of a small business.

The report also explores various ways through which a small business can contribute to the economic development of a country such as Australia. Moreover, the report also examines the advantages and disadvantages that are associated with a small business. The survey commenced with the review of the available data on small business. The literature reviews provided an insight on the nature and characteristics of small business as well as the role they play in a country’s economic development. Key Word: Small BusinessIntroductionSmall Businesses continue to play an important role in the improvement of lives and livelihoods of many families in different countries across the world.

An example of such small business is Pembroke Tourist and Leisure Park, located on a 14 acre of landscape, a few kilometers from the Parks of New England. The business has been in operation for over thirty years. The park provides different accommodation services to suit every traveler. It consists of a swimming pool, recreation room, camp kitchen, play grounds, as well as covered BBQ area.

With a work force of 13 employees, Pembroke Tourist and Leisure Park has remained under the watch of Mr. Cris, who serves as the owner and director of the business. The business is one of successful small business that has continued to do well in the country over the years. This report identified the Pembroke Tourist and Leisure Park as the best choice to use in exploring the advantages and disadvantages of small businesses. The scope of this report is therefore designed in such a way that it attempts to provide a working definition of a small business and some of the characteristics a small business as well some of the examples of a small business.

The report also explores various ways through which a small business can contribute to the economic development of a country such as Australia. Moreover, the report also examines the advantages and disadvantages that are associated with a small business. Significance of the StudyThe study topic is important as it helps to explore the merits and demerits of a small business thus providing a vital data base for decision making for those who wish to venture in small business enterprises.

By highlighting the economic contributions of a small business, the report provides an important insight to the policy-making process for small businesses. It also presents information on best management practices for successful small businesses. The report is therefore seen an import tool in the improvement of small business sector in Australia and other countries across the world.

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