Based on Forbes column from the readings list and any other resources you would like to consult, how do you think small businesses should be defined?

Respond to the following prompts. Your response should be at least 250 words for the assignment.

Part 1: Based on Forbes column from the readings list and any other resources you would like to consult, how do you think small businesses should be defined? Why does it matter how we define “small” business?

Part 2: Why is small business important to the economy?

Please cite at least three sources.

Module 1: Further thought

Part 1: Based on readings, specifically the Forbes column, how do you think small businesses should be defined? Why does it matter how we define small business? Full Marks: 10.0

Part 2: Based on this reading, how has the role of small business changed since 1953? Considering the changes in the economy and technology, how will the role of small business in our economy change over the next five to 10 years? Full Marks:10.0

Full marks: 20.0

Reading List:

• The Small Business Administration (Links to an external site.)
• A blog post on Forbes.com regarding how the SBA determines what is a small business
• The Small Business Administration’s size table –  How to determine if a business is “small”
• Small Business Administration Information Resources (Links to an external site.)
• The role of small business (Links to an external site.)
• Technologies that change small business (Links to an external site.)
• Article from the SBA on managing economic downturns