Harold had a hobby training dogs to do tricks.To prove his skill in dog training,he adopted a dog from the local shelter that had been labeled "incorrigible." Harold trained the dog to be totally obedient and to perform several tricks.He took the dog back to the shelter to give a show for the employees there and to let them know that no dog is incorrigible,they are just poorly trained.The employees were so amazed that they asked him for contact information so they could refer other shelter dog adopters to him to have their dogs trained.Harold had business cards printed,set up a Facebook page,a webpage,and a Twitter account,where he posted short videos of dogs doing tricks,participating in dog shows,and readily obeying their owners.He also posted tips for dog care.The referrals,webpage,and social media sites generated so much business in six months that his wife quit her job to work for him.A year later,he hired his sister-in-law to work for him.The following year he hired and trained two more employees.His business now generates income of $2 million/year and he is considering opening in other locations.Which of the following is true about Harold's business?
A) According to the Small Business Administration,his business generates too much income to fit its definition of "smallness."
B) According to the Small Business Administration,his business has too many employees to be considered a small business.
C) According to the Small Business Administration,he has a small business.
D) According to the Small Business Administration,he should franchise his business.
Correct Answer:
Verified
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