Small Business
Doing business is
classical art governed by scientific rules and processes. It’s not everyone
game but need a particular type of attitude towards life with a passion to
achieve something, something really big. Passion
creates vision that gives energy and enthusiasm. These are must ingredients
for a successful business. Business need long term patience with consistent
hardworking.
Businesses can be categorized in
different ways. In term of size, businesses are categorized in Large, Medium
and Small businesses. Here we will discuss only Small Business.
Part - I
What is Small Business?
Small Business
normally refers to business owned by a single person, Proprietorship or few
partners, Partnership. It has few employs with less annual revenues than
Corporate Businesses. Almost every established business in the world today has
some kind of historical link to small business and most of the time effort of a
single or at most two to three people’s partnership.
Every year thousands of persons
entered in the arena of small business with both new and old ideas. However,
few are the lucky one to continue their business after one year. There are
several reasons for this and main concept of this article is to discuss these
factors in detail that may help new comers to avoid the mistakes and take the
right direction without wasting time in doing hit and trial.
Small Business may be one of the
several types like Services, Retail, Supplies or Small-scale manufacturing. In
any case business is move around Products and/or Projects, Sales and Marketing
and Accounts and Admin. Managing these main pillars is all about Business.
SOHO, small
office home office is another famous term for Small Business. This is the
beauty of Small Business that it can be started from anywhere with less hassle
for Government approvals, rules and regulations. With less over-heads this is
also more convenient to manage Small Business.
This is highly
recommended to start your own Small
Business to compete with the increasing inflation and to improve your and
yours’s family life style. Small
Business is the best activity for your time and doing something interesting
will make you happy and prosperous.
Good Luck
with your Small Business!
Writer,
Shahid H. Qadri is Founder, CEO of PNTGlobal.com, small business dealing in IT
enabled services since last eighteen years.
