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Starting a small business - Essay Example

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By definition, a small business is a business that employs less than 100 employees according to the US standards. Small businesses come into being because they serve as a source of income for the retired mostly and for others it is a way to keep one busy after the retirement occurs (Steven, 2004)…
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Starting a small business
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Download file to see previous pages Small businesses are of advantage because they can be started on a very low cost and investment and also on a part time basis. These businesses are mostly popular in all the countries but they exceed in number in developing countries. There are many organizations which offer help while developing and starting a new business in the market. Internet businesses can very well be termed as small businesses and can be established easily because of their nature.
When starting a small business, one of the major important decisions one has to take is the selection of the location. This is one of the riskiest decisions an individual takes while starting the business. Usually the trend has been observed that people prefer to install their businesses in the area of their hometown. This place is closer to their family and friends. There are many reasons for this choice. The first or the foremost is the personal reason according to which people usually don't want to leave their hometown and develop a business away from their families when they can happily to do in their own vicinity closer to people they love and care about. While taking such a crucial step in life, one needs their family the most (Perri, 2006). ...Download file to see next pagesRead More
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