Small Business

Small businesses are, in many countries, depending on the economic system is running. Typical examples are as follows: Convenience Stores, other small stores (such as a bakery or delicatessen), hairdressers, tradesmen, notaries, lawyers, accountants, restaurants, guest houses, photographers, manufacturing crafts, etc. Small businesses are generally independent.

A small business can be defined as a transaction with a small number of employees. The legal definition of "small" often varies by country and sector.

A small business can be started at a very low cost and on a part-time basis. Small entrepreneurs is also well placed to the marketing of the Internet, because it can be used to evaluate a place, which would have been difficult before the Internet revolution began in the late 1990.

Adapting to change is of crucial importance for the economy and particularly small businesses, is not bound to any bureaucratic inertia, it is generally easier than the reaction on the market quickly. Small businesses owners are usually more intimate with its clients and customers and thus leading to more accountability and responsiveness.

Small businesses are often in front of a multitude of problems related to their size. A common cause of insolvency is under capitalization. This is often the result of poor planning rather than economic conditions, it is in general use, that entrepreneurs should have access to a sum of money, at least at the level of revenue expected to the first year, in addition to its cost.

Common selling techniques for small businesses to network, word of mouth, customers of recommendations, Yellow Pages, television, radio, outdoor advertising (billboards roadside checks), printing, marketing via e-mail and Internet . Electronic media such as television can be very expensive and usually is designed to create awareness of a product or service.