Differences Between National And State Level Small Business Programs

Tristan Cromer

School Name

Governor's School for Science and Math

Grade Level

12th Grade

Presentation Topic

Consumer Science

Presentation Type

Mentored

Mentor

Mentor: Dr. Osborne; Director, Harbor Entrepreneur Center

Abstract

I performed business research to find major differences between small business programs within the state (specifically South Carolina) and small business programs that operate nationally. In order to form their businesses, entrepreneurs have basic requirements such as capital, leadership, market knowledge, networking, etc. Small business programs and incubators serve to help and provide new companies with these essentials. After extensive research and analysis, state programs appear to focus on educating entrepreneurs through seminars and mentors, giving them the necessary knowledge to run a business. On the other hand, national entrepreneur programs focus on investing money into businesses through grants, venture capital, angel investors, and loans. What I did provides a basis for further research into entrepreneurship and programs revolving around small business. The difference between national and state business programs shows that education and capital are two major needs of entrepreneurs. In order to make the small business programs operate with a maximum efficiency, the most vital requirement for an entrepreneur needs to be determined. More in-depth research can be done to determine which type of small business program is the most effective. Once done, these programs can be designed around this requirement, allowing for an overall better entrepreneurial environment and industry. The goal in this research was to create a base for further questioning that will help improve the economy through entrepreneurship.

Location

Owens 102

Start Date

4-16-2016 9:00 AM

COinS
 
Apr 16th, 9:00 AM

Differences Between National And State Level Small Business Programs

Owens 102

I performed business research to find major differences between small business programs within the state (specifically South Carolina) and small business programs that operate nationally. In order to form their businesses, entrepreneurs have basic requirements such as capital, leadership, market knowledge, networking, etc. Small business programs and incubators serve to help and provide new companies with these essentials. After extensive research and analysis, state programs appear to focus on educating entrepreneurs through seminars and mentors, giving them the necessary knowledge to run a business. On the other hand, national entrepreneur programs focus on investing money into businesses through grants, venture capital, angel investors, and loans. What I did provides a basis for further research into entrepreneurship and programs revolving around small business. The difference between national and state business programs shows that education and capital are two major needs of entrepreneurs. In order to make the small business programs operate with a maximum efficiency, the most vital requirement for an entrepreneur needs to be determined. More in-depth research can be done to determine which type of small business program is the most effective. Once done, these programs can be designed around this requirement, allowing for an overall better entrepreneurial environment and industry. The goal in this research was to create a base for further questioning that will help improve the economy through entrepreneurship.