Some of the advantages of a small business

[Kubiat-Abasi]

One of the advantage is that, you can start with a little capital, you don't have to pay for shop rent, you could do mobile marketing and selling. Also, you work according to your schedule.

 

[Ralphjoe]

Having a small business has its advantages, as already mentioned here, I also think that you can start from anywhere, even from home. where you save viatico and payment of services.

Small businesses are quite easy to manage because they do not involve a lot of complex stuff owing to the fact that they are small in nature so they will be very easy to manage than large business or corporation.

 

[Heatman]

One of the advantage of a small business is that the owner has time to rest and thinck of other things unlike the big business where you have to give it all your time in order to make a large profit

Well, some big businesses ain't handled by one person. Some do have board of directors who helps with the day to day running of the business. It's definitely going to be very difficult to execute the business alone.

 

[Sariana23]

The capital for starting a small business is something that wouldn't be too much for the business owner to source and start out the business. It's why starting a small business is very easy.

It is so @Heatman, being a small company has no point of comparison with the big ones and the capital you have to invest, which makes it easier in many ways to start from scratch and move forward in time, that's what the great entrepreneurs have done.

Small businesses are quite easy to manage because they do not involve a lot of complex stuff owing to the fact that they are small in nature so they will be very easy to manage than large business or corporation.

Although the management of any kind of company must be done equally, in the case of small companies it is less laborious and therefore less complex.

 

[Skysaint]

Small businesses are quite easy to manage because they do not involve a lot of complex stuff owing to the fact that they are small in nature so they will be very easy to manage than large business or corporation.

You're right about that. Small scale business actually don't need a huge maintenance cost as when compared to the large scale ones. You just need to balance the demand with the supply and most times doesn't require much stress in achieving this

 

[YERUS]

• has a small scale
Does not require investment with large capital
• regular education as long as they want to work and are responsible for work
• small businesses can freely manage the business independently at any t ime

Yes, you are correct.
Small businesses are easier to run and manage.
They do not require huge capital to start up.

 

[tyrim88]

From the customer standpoint, I think there's a huge accessibility advantage in that the client can ask to speak to the manager/owner without too many gatekeepers blocking them. Plus, there's far less red tape in smaller companies, so decisions are made faster and more flexibly. Smaller companies also tend to have a smaller, more manageable client base. This way, clients are much more likely to be treated to a more personal touch compared to in a much bigger provider, where they can easily fall through the cracks.

That is a good advantage on the side of the customer,on the side of the owner of the business,he has the luxury of managing an organisation of his capacity,as the issue of monitoring would be very easy to manage.

 

[Godspower]

Low start up capital, fast decision making, flexibility and freedom and profitability are some of the major advantages of a small scale business.

 

[Heatman]

It is so @Heatman, being a small company has no point of comparison with the big ones and the capital you have to invest, which makes it easier in many ways to start from scratch and move forward in time, that's what the great entrepreneurs have done.

Although the management of any kind of company must be done equally, in the case of small companies it is less laborious and therefore less complex.

Exactly - it's actually why you see a lot youths lately who find it very difficult to secure a white collar job for themselves set up a new small business for themselves and survive from it.

 

[Sariana23]

Exactly - it's actually why you see a lot youths lately who find it very difficult to secure a white collar job for themselves set up a new small business for themselves and survive from it.

Yes, I believe that when there is good management, commitment and desire, any entrepreneur can start a small business and survive with profits. For that you must have extensive knowledge in such management, not to suffer in failure.

 

[Hrtbeat]

There are many advantages of running a small scale business. One of them s is Independence. This makes Entrepreneurs 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 small scale business owners, the freedom to control their destiny is enough to outweigh the potential risks and also help to speed up decisions making.

 

[Heatman]

Yes, I believe that when there is good management, commitment and desire, any entrepreneur can start a small business and survive with profits. For that you must have extensive knowledge in such management, not to suffer in failure.

Yeah and one thing that's good with setting up a small business is that it's not going to be difficult for you to understand how the business works very well in a short period of time unlike big business.

 

[skyliequiz]

People long to speak with a human being rather than a vast, impersonal blob with a call center on the other side of the world. You have the ability to connect with your customers in a far more meaningful way than they do.

 

[Heatman]

Small businesses are quite easy to manage because they do not involve a lot of complex stuff owing to the fact that they are small in nature so they will be very easy to manage than large business or corporation.

This is basically how most small businesses works since the business structure isn't too robust to handle. Starting a business corporation isn't a piece of cake.

 

[Seno inyang]

The advantages are quite few though...
flexibility, generally lean staffing, and the ability to develop close relationships with customers are among the key benefits of a small business.

 

[kayode10]

It takes simplicity to run a small scale business. You don't have to think about complex stuffs in order to keep the business going. Unlike big businesses in which you have to think of the customer, investors and the rest.

 

[Good-Person]

I think small businesses are easier to manage as compared to big organizations. Small businesses are also less riskier when we compare them to big business that require a lots of investments in order to survive.

 

[kayode10]

It is pretty much easier to scale and maximize profit with small-scale business. you can take decision fast as a small-scale business owner unlike big business in which lots of people have to come on board before a decision is taken.

 

[Toyoabasi]

• has a small scale
Does not require investment with large capital
• regular education as long as they want to work and are responsible for work
• small businesses can freely manage the business independently at any t ime

Yes.
Small businesses are easy to manage, and does require overbearing policies.
Small businesses also require low capital to start up and low labour force.
The profits can be easily accounted for.

 

[Kvngsammy]

Another advantage of small businesses is that you get to enjoy all the profits and not share with anyone.
You get to make key decisions without distracting input from partners or investors too.