I planned this to be my first post thinking that some people who might stumble upon my blog have a zero idea of what small business is all about.
As I consulted an online dictionary, this term defines small firms that are privately owned and operated. In comparison to other companies, they have a relatively smaller number of workers. Manufacturing, agriculture, services, wholesaling, retailing, general and heavy construction and trading are a number of the industries which they dominate. The size definitions vary from one industry to another or from one country to another. In general, a small business has 250 employees or less. The income they make each year is comparably less as well.
According to surveys, small businesses face big problems each year. One of these is bankruptcy. This is a result of poor planning which happens when unanticipated expenses come about and there is lack of enough capital. Thus, many small scale firms close down earlier than expected.
Although many people are helped by small businesses, some sectors hate them as most of them do not share with the social responsibility. This is because of the fact that they operate day in and day out and so they lack the free time to engage in activities that help improve the condition of the environment.
As I consulted an online dictionary, this term defines small firms that are privately owned and operated. In comparison to other companies, they have a relatively smaller number of workers. Manufacturing, agriculture, services, wholesaling, retailing, general and heavy construction and trading are a number of the industries which they dominate. The size definitions vary from one industry to another or from one country to another. In general, a small business has 250 employees or less. The income they make each year is comparably less as well.
According to surveys, small businesses face big problems each year. One of these is bankruptcy. This is a result of poor planning which happens when unanticipated expenses come about and there is lack of enough capital. Thus, many small scale firms close down earlier than expected.
Although many people are helped by small businesses, some sectors hate them as most of them do not share with the social responsibility. This is because of the fact that they operate day in and day out and so they lack the free time to engage in activities that help improve the condition of the environment.