1. Why is it so difficult for many small business owners and entrepreneurs to raise the capital needed to start, operate and expand their ventures?
2. Jeffrey Pfeffer identified seven HR practices of successful companies:
- Employment Security
- Selective Hiring
- Self-managed teams / Decentralization
- Compensation Contingent upon Performance
- Extensive Training
- Reduced Status Differences
- Sharing Information
Do small and family-owned businesses need to adopt these practices in order to be successful, or are they really only applicable to larger organizations?