Small business is a business in a small scale. It can be identified by a few numbers of employees and the low volume of selling. Its classification is determined by the number of employee that varies from one country to another country based on the rule of each country with the range from fewer than 15 employees to fewer than 500 employees.
This kind of business is a private business. It may only have one or two owners only. It also can be identified by the way of selling, profit and assets. The examples of this kind of business are restaurant, hairdresser, tailor, lawyer, painter, a small-scale networking, notaries, and so on.
Small Business Ideas for 2017
Small business is a great start for those who want to build the business. It comes up with various small business ideas you can use to start your business in the small scale. Here are the top 10 ideas to start your business. The first one is social media specialist.
The second idea is personalize product. You can make your hand-made product based on your creativity then sell it. Other ideas are copywriting; green and sustainable business; online business/make money online; reputation management; remote/cloud working service; business technology intermediaries; crowd sourcing/crowd funding services; and also business continuity services.
There are a lot of business ideas you can take to start your business. Online business will be the best small business plan example, because you can make your own money online, wherever you are without being stuck by office life.
Small Business Advantages
Small business also has a lot of advantages. It can be started with the low cost and on a part-time basis. Since the technology grows rapidly, you can make use of it especially for business. No need to go out of home for work, just sitting at house and make money from the internet. It is such a simple way to make money.
The internet is also can be used in this kind of business by using internet marketing. You can use social media such as facebook or twitter and also email to offer your product. The simplicity of this kind of business makes many people leave their job and start to grow a business because they can make their own decision as the owner of the business.
Small Business Source of Funding
You do not need to worry about the source of funding to starting up your small business. Do not hesitate to take the small business opportunities because there are a lot of institutions that offers you the money as the early assets.
You can use self-financing by the owner through cash, equity loan on your assets and your home and or other assets; borrow some money from the bank; loan from friends or relatives; take the Small Medium Enterprise (SME) finance; grant from private foundation; searching for investors; personal saving; or forming partnership.
The reviews above show that there are a lot of advantages of business in small scale. Its simplicity is become the best reason to take this kind of business. Just remember, the big scale of business with the huge profits developed from the small business.