Some of the advantages of a small business

[BrolySSJ]

A small business has some benefits. They are easy to set up with with lesser stress, little capital, lesser registration or legal registration, easy to manage, the loss if any is easier to manage also decision making is faster

Decision making in a small business is much more effective, because since there is limited number of employees, there is a limited chain of command. Most times the employees can directly get the answer from the manager of the business, which in a way is an excellent thing for the customer as well as they get feedback sooner, and for the business as they are able to make decisions faster and more efficiently.

 

[Tiwa]

It goes like ..small business small headache!
Starting a business small requires low start up capital so you don't delay .
It's easy to manage with a workforce of 2 to 3 support staff.
Tax free period .business under certain capital threshold usually enjoy tax exception.

 

[Sincerem]

Those things you mentioned there aren't the advantages of a small scale businesses. Those are the characteristics of a small scale business. You are trying to categories the features of starting a small scale business. At least it doesn't require much capital to get started, you start it at your own risk, and share your burdens and profit all alone.

 

[MarieArie]

• 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

Small scale business has a lot of advantage because it doesn't require huge amount of capital. The scope is limited and with time, your business can grow to the height you never imagined. It's also very profitable.

 

[christykemi]

the following are the advantages of small business
It has a small scale.
It Does not require investment with large capital.
small business owner can freely manage the business independently at any point in time

 

[MastetG]

Small businesses contribute to localeconomies by bringing growth and innovation to the community in which the business isestablished. Small businesses also help stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations.

 

[Shaffy]

I agree with you. As for the disadvantages - stress, a small business has none or few employers. You have to do most of the activities yourself. Also don't expect much recognition or patronage as much as a medium or large scale business would have. Patronage is limited. A small business is likely to crash in times of heavy difficulty like covid 19.

These are really things one should look out for when starting a small business.

The advantages are there, but sometimes the weak points can make the business fail if not taken care of in time.

 

[ahmedo24]

Small businesses easily expand if they are situated in a very good location, it is very easy to manage the loses in case it occurs, it is very easy to get audience since they are mostly situated in smaller areas where the need for the kind of business is high.

 

[Richard92]

Small business have different advantages the owner enjoy in managing them, some includes
Fast growth of the business, you can also start a small business will little capital, it can grow to became a big business if properly manage due to the way it was strated.

 

[Abibatabosede]

There are lot of advantages someone can derive from small business.you will be the boss of your own business it is an investment that doesn't require a lot of capital and doesn't pose much risk to the entrepreneur

 

[Afoskalex]

Advantages of small businesses are enormous. You have time for yourself. You work closely with customers thereby giving you credit before them and expanding your business. There is the agility in small businesses that makes things work for them on like bid businesses that are already made.

 

[Khezo]

• 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

There are lots of advantages of small scale business
1. No large capital is required
2. Easy to setup
3. The boss of one self
4. No need to make large or too serious decision s

 

[kayode10]

Advantages of small business are numerous. Small business are not complex to manage for a buddie entrepreneur. Another advantage is that they are easy to model and scale. It does not require lots papers when you want to start up. There are some incentive for small business by the government because they are equipment to combat unemployment in the country.

 

[Adexgrace]

Starting of small business scale can be of some advantage with some reasons, because a small scale business gives opportunity to be able to cordinate the business since it is of small scale. And also it gives room for quick decision making and effective business management to promote the growth of the business.

 

[Lyrrex]

I don't see any good advantage about small scale business that actually thrilled me to start a small scale business because small-scale business is too difficult to manage compared to the large scale business in the sense that in a large-scale business everything is arranged but in small-scale business you may not even have money to pay for people that can actually work for you and the profit will not be much and beside everybody are all trying to set up a high-quality business so the competition will be too much.

 

[Pirate]

Well, I guess we could say that small businesses has it's advantages.
You don't need much capital to start, also it's easily manageable there's no much stress in handling a small scale business.
It also gives opportunity to get some side jobs done, it could give way for part-time jobs. And it gives considerable amount of experience to progress into a large scale business.

 

[Gilead]

Beautiful points that you've pointed out but aside all these ,when you're operating a small scale business, you pay little or no taxes compared to large scale business. There are other benefits as well though.

 

[Sammyesx]

Small businesses are not very expensive to start, they are easy to run, they do not require large amount of staffs, they serve as easy assess to customers, because they are often located around residential area which is also advantage them.

 

[Felixko]

A small scale business is a simple but lucrative form of business which has an advantage of using small capital to start, it does not not a lot of people to manage and also you will have time for other works .

 

[Nimra Noor]

• 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

Small business will help you earn a bit do help in making money if you are studing and also You can't do full time job so you can earn a bit by small businesses