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Exploring Small Business Growth: A Comparative Study of America, Greece, and Singapore

This project investigates whether America offers the best environment for small business growth. It begins with defining small businesses and identifying influential factors such as tax breaks, population growth, and workforce education. The research explores case studies from the U.S., Greece, and Singapore, examining economic challenges like foreclosures and wage cuts in Greece and the advantages of rapid business registration in Singapore. Insights from local business experiences in Virginia Beach highlight the importance of hands-on knowledge and community support for aspiring entrepreneurs.

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Exploring Small Business Growth: A Comparative Study of America, Greece, and Singapore

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Presentation Transcript

  1. Business and Economics Nicco Magana B4

  2. Introduction Who am I ? • Senior in GSWLA • Tallwood Baseball • Future Plans TCC

  3. Goal of my Project • Career Path • Own a restaurant • Global Aspect • Better understanding of global market/ economy

  4. Research Question Question 1 Does America provide the best environment for small business growth? 1

  5. What is Small Business • Definition • Independently owned and operated • Not dominant in its field • Influential factors • Tax Breaks • Population growth • Worker Education

  6. Research U.S Greece Singapore • Awaiting 140 billion dollar bail-out package • 17,000 forclosures in Athens • Cut wages, increased taxes, delayed retirement pensions 3 • Success varies by region • Sales tax exemptions • Charleston Entrepenuer Center • Educated workforce • No personal and corporate income tax 2 • Technologically advanced • Fastest business registration in the world • Educated immigrant workers • Nearly 100% are urban residents • Not effected by Global recession 1

  7. Choosing an Action • Cant travel Abroad Feasible • On the job experience Relation

  8. FeLynn’s Oriental Restaurant Information Action 1943B Lynnhaven Pkwy Virginia Beach, Virginia (757) 471-8900 Filipino Restaurant Owners: Ferrielyn Santos, Fe Oduya • Worked in the kitchen • Cash register • Learned recipes 1 2

  9. Reflection Young workers in the Front • Organization of jobs • Filipino Customer Base Benefit

  10. Virginia Grounds Management Information Action 1203 Maryview Ave Chesapeake, Virginia Landscaping Owner: Charles Ware • Tought me about Business practices • Explained invoices and other paperwork • worked on micorsoft excel 1 2

  11. Reflection • Getting Automated • Dealing With Complaints • Good Will Favors • Febuary weekends

  12. Conclusion: Singapore Pros • Fastest business registration • Stagnant population growth • Educated Workforce 1 Cons • Young Nation • Dependency on Immigration 2 2

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