Some of the advantages of a small business

[Succjay]

• 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

The first advantage of a small scale business is that it requires a small capital which will not throw you on debt. Secondly it makes you independent and educates you as well on the run.

 

[Psalmsavatar]

Advantages of Small Business Ownership

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

 

[Rimsha kanwal]

One big enticement for business ownership is reaping the bigger financial rewards. Successful business owners have the opportunity to make more money for the risks they take. A tax preparer who makes $15 per hour knows the firm charges several hundred dollars for the service he provides. When an employee feels his value is worth more than the pay scale, opening his own business begins to make a lot of sense.

 

[Sotherefore]

The only function of a small business is that it is easier for you to start a small business compared to a big business but to me I see more disadvantages in small business than advantages because small business means small profit and for you to make a reasonable amount of profit you need to upgrade your business.

 

[zenith]

You are right.small businesses are also the growth engine of the economy that is why develop countries are giving them priority.they are large in number compare to the big ones that is why they drove the economy more than the big ones.

 

[Folaham]

• 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 flexibility opportunity. Opportunity to try many options till are able to get what works. A baking business on a small scale grounds can try meat pies, doughnuts, chin chin, small chops, samosas and the acceptance level by his customer will help in his decision to quantify and plan is delivery to avoid daily left overs

 

[Onachukwu]

Entrepreneurs are their own bosses. They make the decisions. They choose whom to do business with and what work they will do.
Even if the business has been structured to minimize the risk and liability to the owner, risk can’t be completely eliminated

 

[Kinglegend01]

Although it has alot of disadvantages and no one actually wants to own a small scale business but it also has its advantages and they include the fact that it is easy to setup or establish, it is also easy to maintain and substain. It would pretty much attract little or no tax at all.

 

[solomonmali]

As a sole business owner, the legal name of your business is your personal name. If you wish to change this, and operate your business under a different name, no one penalize you anything, you oversee all. and this gives you complete control over the company and its trajectory. There is no need to make decisions based on the wants of shareholders or the requirements of legal partners.

 

[Mrs. Rizwan]

• 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 many benefits to starting a small business, one of which is that we do not have to bow down to anyone. And the biggest advantage of our business is that it does not require too much investment. We Can also start business from low investmet.. And if there is a loss in the business for some reason, we do not have to face anybody to answer about the faults or etc , nor do we have to wait for any kind of salary.

 

[Sheun450]

Some of the advantages of small scale business are it very easy to manage and control, it requires small or little capital to start, it is stressful and doesn't requires too much of work labour

 

[Thosynho]

Yes correct small businesses have their own advantages too of which one of their advantages is that there is no much risk, the owner can start with little amount of capital. He/she can manage the business alone with little or no loss. Finally small business owner have time for him or herself can start and close at will.

This is great, small business requires little capital to start and it gives you opportunity to learn in trade that is may be the business is trial by error, it gives you opportunity to master the art while trading.

 

[Psalmseen]

There are lots of advantages attached to owning a small business. A small business requires small capital which can be raised from friends, trade credit, among others. The cost of managing it is as well little because of its small size in nature. The risk involved is as well low compared to a large scale business

 

[marky]

From the client angle, I believe there's an immense availability in that the customer can request to address the chief/proprietor such a large number of guardians obstructing them. Furthermore, there's undeniably less administrative noise in more modest organizations, so choices are made quicker and all the more deftly. More modest organizations additionally will in general have a more modest, more sensible customer base. Along these lines, customers are considerably more liable to be blessed to receive a more close to home touch contrasted with in a lot greater supplier, where they can without much of a stretch escape everyone's notice.

 

[Atif3786]

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

 

[Roysnickz]

• 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

Yea, it true that small scale businesses are easier to manage and can be started with a smaller capital base, the downside is that they equally generate a smaller profit.

 

[Folaham]

You are right.small businesses are also the growth engine of the economy that is why develop countries are giving them priority.they are large in number compare to the big ones that is why they drove the economy more than the big ones.

They also serves as good employer of labour. The more the business, the more the number of persons that will be giving opportunity to earn a living from it and most of them after a while can decide to replicate similar businesses of their own and hence creating more jobs

 

[Olubayo12]

• 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

In addition to what you have said up there, you also have the following advantages
In the case of liquidation, you have little or no resources to lose
You take all profits alone
The business is controlled and owned by the owner known as a proprietor
It requires small space, sometimes a small building is okay.

 

[Ebuka Stephen]

Well at @Putra I can't agree with you any larger I love your first and second points cause due to the small nature of the business it will be easier for the owner to handle the business well with lesser stress. You also mentioned it requires small amount of capital as this is very true cause you won't have much issues starting up the business since the capital is small

 

[Oliver 20]

Way of life. Claiming an independent company gives you certain way of life preferences. Since you're in control, you choose when and where you need to work. On the off chance that you need to invest more energy on nonwork exercises or with your family, you don't need to request the downtime. In the event that it's significant that you be with your family the entire day, you may choose to maintain your business from your home.