Small Society: The Importance Of A Small Business

Starting a business is viewed as both challenging and risky. A person contemplating setting up a small business is torn between fear and a strong urge to go ahead and jump into the a uncertainty. This feeling has a valid basis as statistics show a substantial growth in the number of small business enterprises put up in the last few years and a high rate of small businesses closing shop within three to five years of operation. If the fear is too strong, the dream of owning a small business fades into the background. On the other hand, defying fear and caution, a person may just plunge into business without much thought or preparation.

There are a number of reasons why a person would wish to own a small business, reasons which make owning

Studies abound with the positive contributions offered by small business enterprises to the economy in terms of employment and the contribution of small businesses as a group category to gross domestic products (GDPs), among others. Mostly, they serve as crucial links for bigger companies and corporations in the supply of product and services to consumers. In addition, innovations in technology and services come from small businesses, in spite of the lack of resources for research and development.

The importance of the small businesses to society cannot be taken lightly and in fact are recognized in recent years. Aiming for a productive and successful small business, therefore, is a worthy goal for entrepreneurs, not only for personal advantage but for a larger, socio-economic advantage. But, to aim for a successful small business require necessary inputs from the entrepreneur. The success of the small business that you set up would depend on what you do before setting up a business and continues throughout the years of successful operations.

This book contains proven steps and strategies on how to set up a small business, market, and run a successful small business. The book is divided into the following