well as the entire financial sector of the economy, is undergoing rapid change. In the future banking industry will be divided into global, national and super-regional banks and a much smaller number of community banks. It is expected of these banks primarily super regional banks and community banks will extend their services to the needs smaller business through large loan processing centers utilizing credit-scoring techniques and "intelligent models"(artificial intelligence-derived computer-based models) . These will increase the standards the loan process. Therefore making the loan available for small business more scare.Globalization is a major force that modified and molded the environment for small business and entrepreneurs. Even though it's interms of identifying foreign markets and foreign sources of supply as important parts of their strategies for growth and success. But it has continually deteriorating our local retail small businesses with the introduction of retail giants such as Home Depot, Wal - Mart and etc. Because of the stiff competition that our small businesses face from the foreign market, it puts extra pressure on them interms of efficiency, price, quality, cost-control, marketing expertise, customer satisfaction and innovativeness. But because of lack of capital, credit and skill workers they are not able to equally competitive with others. Thus they become prey to the ever expanding corporate giants.For small business entrepreneurs to be successful over the next decade and beyond, and educated and trained work force must be available. Public school systems are not meeting the needs of the small business community interms of preparing new labor force entrants with such basic skills as literacy, math skills, and problem solving skills. Those who go beyond high school education are leaving Canada and entering our neighboring country work force and experienced and skilled workers we have now are enteri...
