This text introduces the world of small business and details its diverse management aspects. It also presents the most current concerns of small business today, including the expanding world of electronic commerce.* Small Business: The Quiet Giant * The Technological Revolution and Small Business * Understanding the Family Business * Developing a Business Plan * Starting a New Firm or Buying an Existing Business * Operating a Franchise * Opening a Home-Based Business * Sources of Start-Up Capital * Determining Location and Layout * Selecting the Legal Form of an Organization * Legal Concerns of Small Business * The Nature of the Managerial Process * Human Resource Management in Small Business * Managing the Growing Small Business * International Opportunities for Small Business * Understanding the Market * Pricing for Profit * Promotion and Personal Selling * Customer Credit * Financial Statements and Record Keeping * Financial Analysis and BudgetingDr. Richard M. Hodgetts is a professor of management at Florida International University (FIU). His earned degrees in business include a Ph.D. from the University of Oklahoma, an M.B.A. from Indiana University, and a B.S. from New York University. Dr. Hodgetts has published more than 125 articles and papers on a variety of topics ranging from entrepreneurship to strategic management to total quality management. His articles have appeared in a host of journals including the Academy of Management Journal, Academy of Management Executive, Organizational Dynamics, Business Horizons, Personnel, Personnel Journal, and the Journal of Small Business Management. He is also the author or coauthor of 49 books. Some of the most recent include International Business, International ManagementlS5