The description can vary by situation – for example, a small business having fewer than 25 full-time equal employees with average yearly wages below $50,000 succeeds for a tax credit under the health care reform bill Patient Protection and Affordable Care Act. .
The purpose of this study is to provide key material concerning small businesses and the role human resources play within small businesses. The study of the theories includes finding money for small businesses, starting a successful business, failure of a small businesses and how human resources contributes to small businesses. It is important to do this research because many people are unaware and tend to be confused when their business fails. It contributes to the field of business because it contributes to the economy. The reason for this research is to become a successful entrepreneur of a Small Business.
History.
Development of small businesses was not just a thing of the 15th Century but dating back more than 5,000 years ago before Christ. During the development of the earliest forms of civilization businesses were in need. Egypt and Mesopotamia were the first civilizations known to men. Egypt was located along side of the Nile River and Mesopotamia was located along Tigres and Euphrates River. There was a need of businesses to keep structure in these cities to live on. The Sumerians of Mesopotamia began to record a style of writing called cuneiform writing, food markets needed supervisors of the product, cities needed construction workers for a growing population, taxes, and trade transactions were brought up. Desperate to stay on top both of these civilizations placed individuals or group of people to manage businesses to up keep organization. Egypt's Pharaoh governed the country using sailors to buy wood, metal, and food. Craftsman's worked carving stones and sculpturing. Merchants sold products just as any local or mega grocery store would.