Small Business :there are four familiar types of small businesses.
1. Manufacturing 2. Wholesale 3. Retail 4. Service
Familiar large businesses were once very small . Small businesses serve as a tool for the large businesses.
Importance of small businesses:1. Risk taking
2. Self inspired
3. Initiative towards stay ahead
4. Failure does not matter
5. Achievements leads
Benefits of Small businesses :
- Relations are personal
- Responsive towards problems
- Innovative and Inventiveness
- Low Overheads