In a society that is insatiably thirsty for customised solutions and innovation, the prospect of entrepreneurship is greater than ever. It’s a field that’s innovative, dynamic, and customised. It demonstrates the mutually beneficial relationship between small business management and entrepreneurship. Especially since it requires both vision and skilful management to flourish.
According to the latest data small businesses in the US account for 43% of GDP. Sixty million people work for them. stimulates economic growth as well. Nonetheless, 90% of new businesses fail after ten years. It highlights how crucial effective management is.