Some of the advantages of a small business

[Richard92]

One big advantage of a small business is that you will be able to know how best to manage the business and areas where the business is having some challenges before it grows big.

 

[Ralphjoe]

It grants you freedom as the owner
Less effort is invested
If it’s a side hustle it’s even better

One advantage that i really love with small-scale business is the fact that it is very easy to operate and control unlike the big businesses that are quite complex to operate as you need to employ several employees to help you in working for the big business.

 

[cowantussie]

A small business has a lot of advantages. This is especially doe someone who does not have enough money to be able to scale a large business as they are more easier to mange than large ones.

Also

• Independence. As a business owner, you're your own boss. ...
• Lifestyle. Owning a small business gives you certain lifestyle advantages.
• Learning opportunities. ...
• Creative freedom and personal satisfaction.

Advantages of Small-Business Ownership​

• Independence. Entrepreneurs are their own bosses. They make the decisions. They choose whom to do business with and what work they will do. They decide what hours to work, as well as what to pay and whether to take vacations. For many entrepreneurs the freedom to control their destiny is enough to outweigh the potential risks.
• Financial gain. Entrepreneurship offers a greater possibility of achieving significant financial rewards than working for someone else. Owning your own business removes the income restraint that exists in being someone else’s employee. Many entrepreneurs are inspired by the mega-millionaire entrepreneurs we see today, such as Steve Jobs, Elon Musk, Jeff Bezos, and Mark Zuckerberg.
• Control. It enables one to be involved in the total operation of the business, from concept to design to creation, from sales to business operations to customer response. This ability to be totally immersed in the business is very satisfying to entrepreneurs who are driven by passion and creativity and possess a “vision” of what they aim to achieve. This level of involvement allows the business owner to truly create something of their own.
• Prestige. It offers the status of being the person in charge. Some entrepreneurs are attracted to the idea of being the boss. In addition, though, there is the prestige and pride of ownership. When someone asks, “Who did this?” the entrepreneur can answer, “I did.”
• Equity. It gives an individual the opportunity to build equity, which can be kept, sold, or passed on to the next generation. It’s not uncommon for entrepreneurs to own multiple businesses throughout their life. They establish a company, run it for a while, and later sell it to someone else. The income from this sale can then be used to finance the next venture. If they’re not interested in selling the business, the goal may be to build something that can be passed down to their children to help ensure their financial future. One thing is sure: In order to fully reap the financial benefits of a business venture, you need to be the owner.
• Opportunity. Entrepreneurship creates an opportunity for a person to make a contribution. Most new entrepreneurs help the local economy. A few—through their innovations—contribute to society as a whole.

 

[Kunkun]

There are lots of advantages from a small business because when starting out the requirement is as complex compared to a large business, also you are your own boss too

 

[nimzy]

The advantage of small business operation conlan be seen or it depends on the ability and the kind of benefit or profit the business owner gain. to me the rate of stress to small business owner are very less compared to those operating large business enterprises and the amount of capital required is less compared.

 

[Setfragil]

Additionally, for a Small business, you are your own boss. Therefore, you set the pace and direction the business should take.

You are not far from the truth. Small business gives you the flexibility needed for you to attends to some other things without affecting each other. Small business is very easy to start, with little capital you are good to establish one and the business grows with time depending on how you manage it.

 

[Chibson]

I always advise people to start small, instead of going into loans in order to start a business. Starting small has so many advantages in the sense that it gives you room for growth and knowledge about business.

 

[Justin]

The most obvious advantage of a small business is you can start it alone and you don't need a large investment. However, you must be aware that a lot of small businesses fail

 

[Sotherefore]

even with that there are also serious disadvantage of small business because any business you are starting with the small capital will never generate big profit, that is one of the disadvantage that can beat the advantage you have just listed.

 

[Setho]

Everyone has the level to which they can manage a business up to. I find small business advantageous in the sense that it does not require managing many employees.

 

[Setfragil]

A small scale business is easily to run, you will have freedom, you will have time for your self. No body will control you. You make decisions of when to resume to work and when to close from work. Small scale business just require attention all the time to run it grow.

Freedom is one of the best reason why a lot of people established a small scale business. You will have time to attend to some other things without one affecting the other and small scale businesses are not expensive to establish.

 

[Delight]

About from starting a small business with a small capital there is no other advantage of a small business because starting it with a small capitals also indicate that you will not be able to make a good profit from the business.

 

[Jlife]

Yes the only function of a small business is that it is easy to start compared to a large business, sometimes starting a small business can give you an opportunity to grow your business to a large one, although it might take some time.

 

[Setho]

One advantage of the small business which I like the more is that it is easily manage able even by someone with little skill as there are just few staff in fr business.

 

[Senator]

One advantage of a small business is that it affords you the opportunity to at least even get something started instead of waiting to get all the money to may think you must have to start a business

 

[Bousine123]

Small business has lots of advantages like the one you have already mentioned, but that shouldn't be a reason to reject expansion when you get the opportunity to.

 

[Kingstone]

Small businesses will often bring minimal losses and investments. There is always a tendency to expand more as the owner will decide to go according to his or her pace.

 

[Setfragil]

Advantages of a small business are many. Small business is very easy to establish and manage due to it size. Small business requires little capital to start and still make your profits.

 

[Thinker009]

One advantage of small business is that you would actually pay less tax to the government and it also involves you paying lesser amount of capital to start your business

 

[Mayox25]

There are a number of advantages acruable in having a small business, namely but not limited to,
1.indepence on decision making, control.
2.Little capital in starting the business.
3.Losses are minimal.
4.When there is profit you enjoy it alone.