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3. Get OutSell, Pass to Family, LiquidateSmall Business ManagementGILDER39。 Personal Assets at Risk。Small Business ManagementProfessor HornadayLecture 1Entrepreneurship Innovative EconomicLeadershipSmall Business Selfemployed ManagementCompetitive Advantages of Small BusinessThey Offer Superior Quality Service such as:1. Flexibility2. Short Decision Time3. Short Production Runs4. Small Inventory Holdings5. Personal Contact with CustomersCompetitive Advantages of Small BusinessAs suppliers to large firms, small businesses can offer low prices because they have low overhead costs.Small retail firms cannot pete with larger reta