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The following article was published in our article directory on May 8, 2012.
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Facts About a Small Business

Article Category: Business

Author Name: chickie maxwell

A small business usually has less than 20 workers. Its size does not affect the profit it makes because there are many small ventures that have made millions of money. When the business is service-related, the profit it makes will depend on the number of workers it has who will perform tasks required of them.

The economy of a country runs not only because of big businesses but small ones as well. A retail shop should focus on one specific product as its key item for purchase or consumption of customers. This is more advantageous than selling various types of products because they would not be able to compete with bigger stores' prices.

There are many types of small businesses. This can be a store selling handmade product, candies and chocolate, groceries and restaurants. There are also businesses in the form of gasoline stations, car washes, laundry service and other service providers.

There are millions of small trade ventures around the globe that sell different products and services. It can function at any place as long as there are customers in need of its goods. It directly seals with customers where the owner is sometimes on a first-name basis with the buyers. The proprietor is also regularly present in the business as he works there. The prices of the goods in such a business may be a little higher than the prices of big business as they do not offer them in bulk. The quality of their products is also better than those of larger trade ventures.

A small business is able to come up with jobs for the place it is situated in. It can have around 1 to 10 workers. Having many small businesses therefore can generate plenty of jobs and this is what strengthens the local economy. If many customers go to these businesses, money would be circulating in the area thus acquiring a more superior economical status.

Large businesses are now realizing that customers want to have a more personal and real relationship with those they purchase their needs from. This can be given by smaller trade ventures which have more natural marketing advantages. One of them is reach where they can straight away communicate with a client. They can also grow along with the needs of their customers because of that reach thus they can make products and services instantly per request of a buyer.

A small business can immediately get data from clients and effect change in their plans to accommodate new opportunities thus making the relationship more personal. The market always thirsts for companies that they can communicate with aside from the goods sold. They can also network with other business partners to make their services better and be able to address the requests of their customers.

These days it is easy to start a small trade venture. One just has to get some capital which can be obtained from loans and grants and then start selling. With the help of the internet, marketing is a lot cheaper where clients can be reached 24/7 from any part of the world.

These are the facts about a small business, its impact, features and advantages over big businesses.

Keywords: small business

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