A Study on Small Business Foundation and Management Condition: Focused on Goyang City

In this study, the ways to foster small businesses are investigated. For the purposes, we analyze the current management conditions of small businesses in Goyang province as well as those in the country. To analyze the purposes, we review extant literature, related systems and compare those with other countries including US and Japan. The current situation of small business and government assistance is investigated to analyze the purposes. Also government assistance programs of major countries are reviewed. The management situation of small business in Goyang city as well as nationwide is very bad due to the lack of financial power, management skill, high competition among themselves, and big companies' encroaching, etc. The final objective for the small business is to foster the ability to propagate in the competitive business world. the competitive edge of small business is weaker than big firms. Thus small business needs assistance from government. For the purpose, small business owners should make efforts at first and the government assistance program should be performed efficiently and appropriately.