Essay On Advantages Of Small Business

834 Words4 Pages
How do small businesses have an advantage over larger businesses? Small businesses have quite a few advantages over a larger business. One advantage that is gained in a small business is when a customer has a unique need or needs. Unlike a larger business, when a customer has a unique order, the small business can give them that order. Another advantage that is gained is that small businesses can give more individual attention to the customers. On final advantage that is gained in a small business is when a customer is willing to pay more for their product or service if needed. So as you can see, small businesses can give their customers more wants and needs unlike the larger businesses. Why is it important to conduct research before starting a business? It is important to conduct research before starting a business. One reason as to why this statement is correct is so that you will avoid problems in the future. When you take the time to do research, you will see what you can do to avoid problems. Another reason as to why it is important to conduct research is to help assure that decisions are based on the best data possible. When you research, you can see the correct data that you need for your business and see examples of what your data should look like. All in…show more content…
This is important due to the fact that you might not have added something that they have that could help your business be successful. Also, your budgets could be completely wrong when compared to the other businesses plan. Lastly, when you are reviewing the two plans, you can see the other businesses performances and activities and compare them with yours and see the strengths and weaknesses between the two. So as you can see, when you review your business plan with the plans of a similar business, you can see how your business can be better and change any flaws that you may have had in
Open Document