Mention Some Characteristics of Small Business.

Discussion in 'Growing and Managing a Business' started by businessampm.com, Sep 30, 2013.

  1. businessampm.com

    businessampm.com
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    Characteristics of Small Business-

    1. No or limited use of innovative production/ marketing
    2. Local market and or limited non local market
    3. All risk borne by the owner
    4. No separate entity
    5. Verbal communication

    I want to know more please mention............
     
  2. bethw

    bethw
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    As a small business owner, you need to have the initiative and self-discipline that's required to be successfully self-employed. You must work smart, so you don't waste your valuable time discussing and arguing with others. Also know where to get financial assistance that's necessary to operate your small business. Do a cost-benefit analysis before making any kind new purchases. Plan ahead and know your budget.
     
  3. derrickfowler

    derrickfowler
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    limited numbers of employees is one of the major characteristics of small business. for instance business with 20 or less than 20 employees falls in category of small businesses.
     

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