Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[freelancermariagrace]

Many individuals desire to leave their toxic 9-5 jobs and venture into small business ownership. Starting a small business can offer a multitude of benefits, including the oppodtunity to enhance creativity and skills, enjoy greater flexibility, and the freedom to handpick the most suitable team for your venture, among others. Can you think of any other advantages?

 

[Daniel084]

Having a small business gives you the opportunity to to embark on other projects. You have all the time for yourself and you can use wisely to pursue other important and useful goals that are beneficial to your present businesses..

You're right, I agree that having your own business is indeed a good thing. It does provide opportunities to explore other projects and grow multiple revenue streams over time without the restrictions of having to request time off or get approval from a boss.

 

[holie]

Most people would prefer to have their own business because they are in full control and they have a plan on how to run the business. They are the decision maker and chief financier . They choose the number of hours they want to Put in daily..

 

[Ofonime]

There are so many benefits having a small scale business at first it's going to ensure that you have better source of income flow and steady financial backup but with time also reinvest your profit to expand your business

 

[kayode10]

Small businesses comes with less paper compared to the big company. you are going to deal with less amount of licensing and government guilty on your business if they are still in this month size.

 

[holie]

Small business is much more easier to manage and handle because there are no much protocol, you do not need to report to anyone before you take any pressing needs. Unlike the large business where you have to pass files around to get an approval..

 

[kayode10]

Small business that can be run or not to pilot once you have already made system in place. Another thing is that small scale businesses can be replicated once you have a winning template that is working for a business that bring consistent profit.

 

[holie]

One benefits of having a small scale business is that you are able to plan for your business and determine the rate of its growth.
You are able to organize and sure the business growth are maintained. You receive all the accolades and blames if anything happens to the business generally..

 

[Daniel084]

Most people would prefer to have their own business because they are in full control and they have a plan on how to run the business. They are the decision maker and chief financier . They choose the number of hours they want to Put in daily..

I wouldn't just want to open a business because of the freedom that comes with it. While flexibility and being your own boss seems appealing, running a company takes serious commitment, skills and risks. It's not enough to just want flexibility - you need to have a solid business idea, plan, finances and work ethic to succeed.

 

[Wisdom01]

One benefit of having a small scale business is that the owner is in total control of his capital and facilities. Unlike the large scale business where the owner can not oversee all the departments of the company..

i think In addition to the control over capital and facilities, small businesses also have the benefit of greater flexibility and agility in response to market changes. They can adapt quickly and make decisions faster, without the need for lengthy approval processes or bureaucracy

 

[holie]

A small business owner do not have to consult anyone before he takes some vital decisions that would affect his business. Unlike the large business that before a decision is taking, memos are written and this take time to implement..

 

[Wisdom01]

Most people would prefer to have their own business because they are in full control and they have a plan on how to run the business. They are the decision maker and chief financier . They choose the number of hours they want to Put in daily..

i believe Having one's own business offers the flexibility to work according to one's own schedule and make important decisions without any interference. Besides, it can be an excellent opportunity to turn one's passion into a profitable business venture.

 

[Daniel084]

A small business owner do not have to consult anyone before he takes some vital decisions that would affect his business. Unlike the large business that before a decision is taking, memos are written and this take time to implement..

True, but that also has its disadvantages. When you're making all the decisions alone, you don't get different perspectives that a team could provide. That sometimes can cause you to miss an important factor or risk because you don't have others to bounce ideas off of.

 

[Wisdom01]

True, but that also has its disadvantages. When you're making all the decisions alone, you don't get different perspectives that a team could provide. That sometimes can cause you to miss an important factor or risk because you don't have others to bounce ideas off of.

I think Working as a sole decision-maker in a small business can lead to a lack of diverse perspectives, ideas and input which can limit the growth and success of the business. This could also lead to decision-making biases and blind spots that could potentially harm the business.

 

[holie]

Why you are the owner of your business, all the plans and actions rest on your shoulder. You could choose how many hours you are to put in a day and probably determine your cash flow. You do not take direction or order from any superior officers..

 

[Wisdom01]

Why you are the owner of your business, all the plans and actions rest on your shoulder. You could choose how many hours you are to put in a day and probably determine your cash flow. You do not take direction or order from any superior officers..

Definitely being a business owner comes with a lot of responsibilities and the freedom to make important decisions that can impact the success of the business. It can be a challenging but rewarding experience for those who choose to pursue it.

 

[Trebor]

The most advantage of the small businesses is that it has the flexibility in the running of the business. That is because they have a very small work load due to the scale of the business

 

[Wisdom01]

The most advantage of the small businesses is that it has the flexibility in the running of the business. That is because they have a very small work load due to the scale of the business

True small businesses have the advantage of being able to operate more flexibly. There are fewer bureaucratic procedures, making it easier for them to adapt to changing market needs and customer demands.

 

[holie]

Small businesses has time to make changes at anytime they wish it could be good for their business. The flexibility of making those changes makes it better to adjust to recent market changes.
A business owner do not to consult anyone before he takes final decision on his business..

 

[Wisdom01]

Small businesses has time to make changes at anytime they wish it could be good for their business. The flexibility of making those changes makes it better to adjust to recent market changes.
A business owner do not to consult anyone before he takes final decision on his business..

i think making major decisions without consulting anyone can also be risky. It's crucial for business owners to gather input from their employees, customers, and other stakeholders before making big decisions. This consultation can provide valuable insights and perspectives that the owner may not have considered

 

[holie]

i think making major decisions without consulting anyone can also be risky. It's crucial for business owners to gather input from their employees, customers, and other stakeholders before making big decisions. This consultation can provide valuable insights and perspectives that the owner may not have considered

It is still his still choice to consult anyone and his decisions are always the final. Getting feedbacks from customers only guide him in the best possible way to run and manage the business.
A small scale business owner can choose when to open his business and decide when to close ..