All About You BYP16-6 Many of you will work for a small business. Some of you will even own your own business. In order to operate a small business, you will need a good understanding of managerial accounting, ing a new business. A great place to start is the website provided by the Small Business Administra- tion, which is an agency of the federal government whose purpose is to support small businesses. Instructions Go to www.sba.gov/smallbusinessplanner/index.html and in the Small Business Planner, Plan Your Business link, review the material under "Get Ready." Answer the following questions. (a) What are some of the characteristics required of a small business owner? th) What are the top 10 reasons given for business failure