Small Business

A small business has many advantages such as it can be started at a very low capital as compared to those required to run a large business, a small business require less number of employees and the space required to keep all the material and employees is very less. A small business is very easy to advertise and the marketing of the products can be done at a very less cost. Small businesses have a very low turnover so the problems faced by the owner are very less. It is easier to respond to the marketplace quickly, small business proprietors tend to be intimate with their customers and clients which results in greater accountability and responsiveness.

Another advantage of a small scale business is its relative independence; freedom to operate independently is a reward for small business owners, many people desire to make their own decisions, take their own risk, and reap the rewards of their efforts. In other words small business owners have the satisfaction of making their own decisions within the constraints imposed by economic and other environmental factors. 

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