Advantages of Small Business
Q . Are the so-called advantages of small business really advantages? Wouldn’t every small-business owner like his or her business to grow into a large firm?
Ans: According to the Small Business Administration, small businesses that have been operating for more than 10 years and have less than 20 employees have been found to be the most profitable. the small businesses have a lot of advantages like maintaining better personal relationship with both employees and customers, can work and decide independently, easy to start, maintenance of company records are easy and profit retention is more.
So, yes the so called advantages of small business are really its advantage because if the company progresses really fast then the company might end up in a bad financial position.
So the small businesses should make sure that they progress slowly but steadily to avoid emergency situations and to ensure they make profitable turnovers and eventually become large firms.