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dc.contributor.authorBaity, Brandon
dc.descriptionii, 30 p.en_US
dc.description.abstractThe content of this paper highlights aspects of business advisory pertaining directly to the various obstacles associated with being a small business owner. As a Junior Analyst interning for Nexus Business Solutions, I was exposed and familiarized with a number of common · problems and misunderstandings these entrepreneurs faced. In conducting primary and secondary research to meet these obstacles head on, I was able to determine an underlying inefficiency among many small business owners. While many entrepreneurial-minded individuals possess the ability to passionately sell a product or service through the creation of a small business, they commonly rush preliminary start-up procedures. In doing so, these small business owners neglect one of the most vital aspects of formulating a business plan: constructing and implementing an exit strategy within the parameters of that plan. As a result, nearly half the small businesses started fail within the first five years. Through my connections essay I touch on various situations that commonly result in the demise of a small business. I then present possible solutions to these problems which all support my claim that exit strategies are crucial to the success of the small business owner. I argue that with nearly every company in the United States falling under the definition of being a small to mid-sized business (SMBs), stronger and more successful SMBs would have positive implications regarding the current economic conditions.en_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.relation.ispartofseriesSenior Individualized Projects. Economics and Business.;
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleNexus Business Solutions Experiential Description: Exit Strategies for the Small Business Owneren_US
KCollege.Access.ContactIf you are not a current Kalamazoo College student, faculty, or staff member, email to request access to this thesis.

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  • Economics and Business Senior Individualized Projects [1130]
    This collection includes Senior Individualized Projects (SIP's) completed in the Economics and Business Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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