Small Business Saturday highlights importance of small, independent businesses

Small Business Saturday highlights importance of small, independent businesses

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses various aspects of small business operations, including a business model where shop space is rented out for a percentage of sales. It highlights government plans to review business rates and extend funding for small businesses. The challenges faced by small businesses due to high business rates are explored, along with encouragement for entrepreneurship and self-employment. Political proposals to reduce business rates are mentioned, as well as initiatives like Small Business Saturday and lending schemes. The transcript concludes with a focus on seasonal business opportunities during the holiday season.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the advisor to the Prime Minister say about the current time for starting a business?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of Small Business Saturday according to the text?

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