Most people at one point of time in life experience the urge to start a small business. However, it is not surprising that only a few of these businesses become successful in the long run. The main reason behind this is that most people are not able to translate their passion into a successful business; passion being just one of the ingredients in a successful business but not the only one. With the advent of new and cheaper modes of communication and information dissemination, it has become easier to establish new businesses even at a much smaller and manageable scale. The following steps should be taken into consideration while establishing a small business.
Identify the reason for starting the business
There are many reasons why people want to start a business. Some people are passionate about a certain art or activity such as handicraft, sports, electronics etc. and want to incorporate it as part of their work life. Some others are attracted towards a work life in whichRead More »from Simple Steps to a Successful Small Business