Small business

Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. What businesses are defined as "small" in terms of government support and tax policy varies depending on the country and industry. Small businesses range from 15 employees under the Australian Fair Work Act 2009, 50 employees according to the definition used by the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs. Small businesses can also be classified according to other methods such as sales, assets, or net profits.

Small businesses are common in many countries, depending on the economic system in operation. Typical examples include: convenience stores, other small shops (such as a bakery or delicatessen), hairdressers, tradesmen, lawyers, accountants, restaurants, guest houses, photographers, small-scale manufacturing, and online businesses, such as web design and programming, etc.

Characteristics

Researchers and analysts of small or owner-managed businesses generally behave as if nominal organizational forms (e.g., partnership, sole-trader or corporation) and the consequent legal and accounting boundaries of owner-managed firms are consistently meaningful. However, owner-managers often do not delineate their behaviour to accord with the implied separation between their personal and business interests. Lenders also often contract around organizational (corporate) boundaries by seeking personal guarantees or accepting privately held assets as collateral. Because of this behaviour, researchers and analysts should reject the relevance of the organizational types and implied boundaries in many contexts relating to owner-managed firms. These include analyses that use traditional accounting disclosures, and studies that view the firm as defined by some formal organizational structure.

Donald Trump

Donald John Trump, Sr. (born June 14, 1946) is an American businessperson and media personality. He is the chairman and president of The Trump Organization and the founder of Trump Entertainment Resorts. Trump's career, branding efforts, personal life, wealth, and outspoken manner have made him famous throughout the country. Since 2015, he is also a candidate for the Republican nomination for President of the United States in the 2016 election.

Trump is a native of New York City and a son of Fred Trump, who inspired him to enter real estate development. After two years at Fordham University and while studying at Wharton School of the University of Pennsylvania, Trump worked for his father's firm, Elizabeth Trump & Son. Upon graduating in 1968 he joined the company, and in 1971 was given control, renaming the company "The Trump Organization". Since then he has built hotels, golf courses, and other properties, many of which bear his name. He is a major figure in the American business scene and has received prominent media exposure. The NBC reality show The Apprentice bolstered his fame, and his three marriages were extensively reported in tabloids.

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photo: Public Domain / Image by NASA, modifications by Seddon

[VIDEO]: Stunning 'Hidden Morse Code Message' Found On Martian Surface

Edit WorldNews.com 12 Jul 2016

In an out-of-this-world discovery, NASA has released fascinating new images of Mars which reveal bizarre natural sand patterns on the Red Planet that unbelievably resemble Morse code, Huffington Post Tech reported Tuesday.NASA explained in a post the Morse-code figures are sand dunes which have been “influenced by local topography.”....

photo: AP / Mic Smith, FILE

A protester holds a sign at a press conference in front of city hall in North Charleston, S.C., Friday, Jan 8, 2016, in the wake of the release of former North Charleston police officer Michael Slager on bond.

16-Year Veteran Firefighter Unemployed After Black Lives Matter Racist Facebook Posts

Edit WorldNews.com 12 Jul 2016

A 16-year veteran of a South Carolina fire department is unemployed after taking to Facebook and threatening to run over Black Lives Matter activists who were protesting raising the Confederate flag at the state house by a secessionist group, the Charlotte Observer reported Tuesday.Captain Jimmy Morris was fired from his job in Columbia after his superiors were alerted about two Facebook posts he wrote Sunday night....

photo: AP / Tony Gutierrez

Portraits of the five fallen police officers sit in front of a stage after a candle light vigil in front of city hall honoring them, Monday, July 11, 2016, in Dallas.

Summer Of Chaos In U.S. Mirrors The End Of Power

Edit WorldNews.com 12 Jul 2016

What’s more, the positive and sometimes destructive nature of power also includes many other areas of life such as business, politics, science, religion, culture, ideals and the media.For the United States, the decay of power, or capacity to get others to do, or to stop doing, something, started in the Turbulent Sixties....

photo: Public Domain / NASA

Up, Up and Away! Child Nearly Abducted By Eagle At Australian Wildlife Show

Edit WorldNews.com 12 Jul 2016

A terrified child was nearly abducted by a wedge-tailed eagle at a popular wildlife show in central Australia, media reports said.On July 6, a crowd of stunned onlookers watched the enormous bird latch its talons onto the screaming boy's head during a show at Alice Springs Desert Park, BBC News reported. The boy – believed to be between six and eight years old – escaped with a "superficial" gash to his face....

photo: AP/Peter Dejong

Members of the Nicaraguan legal team, Carlos Jose Arguello Gomez, Alain Pellet, and Paul Reichler, from left, prepare for the hearing at the International Court of Justice in The Hague, Netherlands,

Philippines wins South China Sea case against China

Edit The Irish Times 12 Jul 2016

Judges at an arbitration tribunal in The Hague on Tuesday rejected China’s claims to economic rights across large swathes of the South China Sea in a ruling that will be claimed as a victory by the Philippines ... ....

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PayPal Working Capital hits another milestone

Edit Business Insider 12 Jul 2016

Alternative lending companies have stepped in to capitalize on the opportunity available in helping meet more small business' lending needs.Alternative small business lending platforms use machine learning and digital tools to extend credit to a wide array of small businesses quickly and efficiently, particularly to those that have been rejected by banks....

Northrop Grumman Surpasses $1 Billion Subcontracted to Small Businesses Under Missile Defense Contract

Edit Stockhouse 12 Jul 2016

FALLS CHURCH, Va., July 12, 2016 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE.NOC) has exceeded $1 billion subcontracted to small businesses under the U.S ... The small business teammates and suppliers are in various classes of small business concerns including small disadvantaged business, woman-owned small business, HUBZone small business, veteran-owned small business and service-disabled veteran-owned small business....