Small Business Success - Essay Example

are believed to be driving forces to the success of small businesses and what business starters ought to do to increase likelihood of their businesses success. Most successful small businesses takes adequate time to set goals that give them clarity on the direction to take and how they need to carry out their activities in order to succeed. They are driven by their goals and objective despite the challenges encountered along the way such as stiff competition and lack of adequate finance (Bider and Johannesson 2005, p.627). Success can therefore be elusive especially if a small enterprise does not have a clear goal.

Successful enterprises always provide room for alternative process and ideas if the initial one fails to deliver desired results. This ensures that activities are carried on as usual after occurrence of setbacks because alternative solutions complement the initial approach (Olivo 2001, p.45). For example, when workers in a small business resist changes, management can decide to bargain with them until they reach at a neutral position on how to embrace the new changes. They can also decide to abandon introducing new changes especially if they are likely to adversely affect workers morale which, possibly could results to poor performance.

Setbacks are almost common in a business set up and they may require skilful approach to handle them. A business should acknowledge challenges and formulate various policies to help bouncing back to the initial position before occurrence of a certain challenge. A firm with determination on what it expects to achieve will always bounce back to the right track even after suffering huge losses because their aim is to hit their target. This is a very important trait among small businesses as it ensures that a business handle their own issues without much ado.

The ability of making independent decision puts a business at a higher competitive notch since they do not have to consult others thus enhancing quick decision