Some of the advantages of a small business

[kayode10]

A small-scale business gives you the opportunity to focus on another thing once it has been established. The work just getting started if it happens that you are running a big business once it has been established.

 

[tray591]

A small-scale business gives you the opportunity to focus on another thing once it has been established. The work just get starting if it appears that you are running a big business once it has been established.

You are very correct I think as a business owner and a small scale business owner I do have opportunity to look after others things,since the business is less stressful but for big business the time factor must surely affect your personal challenges,sometime you may lack time to look after some of your personal issues

 

[AirDima]

One of the interesting advantage is that.. You're your own boss
You decide when to and when not to
The biggest earning goes to you as the CEO

 

[Partisan]

Although you may not get much where I lost it can be control you can have enough capital to invest if you run into a maximum failure or lost and also you can manage it easily you can cut employment issues and maintain it yourself

 

[Sariana23]

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.

It is true, the understanding of the management of the company is easier in small companies, although at the end of the day it is the same management but with less effort. This is beneficial as the company grows, along with the knowledge.

 

[Good-Person]

Apart from being easy to manage, small businesses do not need to pay high taxes because most of the small businesses do not make much profits. Our government has also eased many governmental policies regarding small businesses during the pandemic.

 

[Josan]

Some the advantages of small business is that you can have control over it, your expense on salary will be curtailed and you'll have total control of your total expenses.
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Some the advantages of small business is that you can have control over it, your expense on salary will be curtailed and you'll have total control of your total expenses.

 

[Heatman]

It is true, the understanding of the management of the company is easier in small companies, although at the end of the day it is the same management but with less effort. This is beneficial as the company grows, along with the knowledge.

Exactly and when that the business is still new and small, it makes everything very easy and you don't even require a huge work force to actually execute all your business plans.

 

[Sariana23]

Exactly and when that the business is still new and small, it makes everything very easy and you don't even require a huge work force to actually execute all your business plans.

This is another important point, the workforce is not huge, with very few personnel you can start and move forward. As the company grows, new personnel will be requested to help those already employed.

 

[Laurentta]

Small scale business are easier to start up and easier to handle. They don't have as much risk as large scale business.

 

[Dagm1]

One of the benefits of starting a small business is that you may start with a minimal amount of money. Second, you are the only one who is at danger. Third, you will have complete autonomy and no one will be able to influence you. You are in charge of your own destiny.

 

[Heatman]

This is another important point, the workforce is not huge, with very few personnel you can start and move forward. As the company grows, new personnel will be requested to help those already employed.

Yeah - it saves you the stress of managing a big workforce that will take ample time to do and higher salary fees.

 

[Dora Wi]

Apart from the advantages of setting up a small business, working for a small business can also be a good experience. Often the atmosphere is more friendly than the environment of a big company and the roles are more flexible.

 

[Adebayonle7]

One of those advantages is the fact that you need lower capital to start, another is that a small business is easy to control and manage compared to medium or large scale businesses. Also small scale businesses have a higher advantage of being assisted financially by the Government through the Government's SME programs (0% interest loans etc), also they do not have to pay lots of tax.

 

[Kaffyfolla]

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. 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

 

[Sariana23]

Yeah - it saves you the stress of managing a big workforce that will take ample time to do and higher salary fees.

You are right @Heatman, it is very laborious to run a large staff, but as we have described, this is in the case of large companies, when you are starting one, you don't need so much staff or outflow of money for salary payments.

 

[Kaffyfolla]

Advantages of Small-Business are these: Ownership · Independence. Entrepreneurs are their own bosses. · Financial gain. Entrepreneurship offers a greater possibility of freedom

 

[Heatman]

You are right @Heatman, it is very laborious to run a large staff, but as we have described, this is in the case of large companies, when you are starting one, you don't need so much staff or outflow of money for salary payments.

I've actually seen some businesses that don't really have the capacity to run on a large-scale take up the project and end up cutting down everything in order for them to survive.

 

[Sariana23]

I've actually seen some businesses that don't really have the capacity to run on a large-scale take up the project and end up cutting down everything in order for them to survive.

Of course, these are things that happen when there is no good planning. Ideally, from my point of view, companies should start small and work their way up as they grow.

 

[Heatman]

Of course, these are things that happen when there is no good planning. Ideally, from my point of view, companies should start small and work their way up as they grow.

Exactly it is always very important that you start as low as possible and grow the business and face the challenges from the lower levels in order for you to be able to manage them when you get to the high level.