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Additionally, Phillips describes many of the pitfalls associated with specific industries, such as agriculture, wholesale trade, manufacturing, hospitality, personal services, transportation, and other areas of interest to small business owners. By breaking down the research by specific industries, Phillips is able to drill deeper into the important information entrepreneurs need to be aware of as they begin the set-up process.
Additionally, the paper also covers important state, regional, and local area factors that could impact emerging small businesses. Phillips describes how certain geographical areas can dramatically impact small business through taxation, legal requirements, environmental regulations, insurance requirements, and other variable factors...
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