Problem Statement In the United States, there are more than 18,000 businesses with combined revenues of $35 billion. Most of this revenue comes from companies with more than 60 accounting firms. The profitability of these companies depends on the market (First Research, 2014). In reviewing the literature on small business owners, I would say that business strategies are different in large companies and in small business owners. More specifically, financial planners are trained to provide planning services. The training is rigorous and focused on technical expertise but does not include marketing techniques or business operations. According to Luca and Cazan (2011), individuals who attempt to start a business without sufficient skills are at high risk of failure. The increase in market competition comes from the use of globalization and the different types of products available to customers. Small business owners should create investment opportunities and seek help from financial planning advice. Additionally, owners can also use free online tools to develop strategies to help small business owners establish and maintain their position in the industry (Small Business Administration, 2014). The financial services sector is growing with respect to profits which is an important tool as it is linked to the demand for financial planning and investment advice (First Research, 2014). The main objective of the industry is to improve the growth of small businesses over the next five years, in the development of the growth of financial services to create opportunities to help small businesses with financial planning. People considering starting a business can benefit from understanding the strategies that others have used...... middle of paper ...... hip that exists between small business owners and corporations. These two companies share an interconnectedness for success and display different types of qualitative inquiry; phenomenology and ethnography. The methodology includes the sampling of 20 business owners and the approach to describe the concepts of the phenomenon that exist among small business owners. I think the best approach is the experience of these business owners. In this study, I will present the phenomenological approach to reducing the financial burden of small business owners (Creswell, 2013). Possible Data Types and Sources Possible types of data and resources are presented in the problem statement regarding the different research steps. According to Creswell's (2013) interviews, survey development, measurement, and use of observation methods are important to this study's literature review..