Introduction

Small businesses have emerged as key economic drivers. They support local communities by providing customized services and business solutions when required. Small businesses set up by the owners make them feel satisfied and more independent.

Citizens should support small scale businesses and services rather than the big sharks. This will lead to a boost in the economy and shape our nation in a better way. Small businesses involve less capital investment and strive hard for customer satisfaction.

Characters Of The Small Scale Business And Services

1. There would be no partnership, and a single owner could run the whole business. As a result, there will be fewer disputes and no arguments over a decision.

2. One owner can manage the business smoothly and more efficiently.

3. They are open and flexible and are not constrained by the framework of time or rules.

4. They depend less on technology since the labourers are fewer and can be managed by a single person.

5. They do not have a large area to work in like big companies. They would have limited space in a particular area to work within.

Advantages Of Small Scale Business Over Large Scale Industries

1. They provide excellent and personalised customer service. They have a limited number of customers but share a good relationship with them. They would be readily available to the customers and can provide their service up to the customer's satisfaction.

2. They are innovative and creative. They would have a lot of time experimenting with new products for the benefit of their customers. Larger retailers focus only on the popular items, but the small services have the freedom to produce unique and new products. They are always ready to take risks.

3. They can respond to the feedback and needs of the customers as they operate within a limited area and can adapt their services, if required.

4. They have more independence and enjoy equity all alone. They can pass this business to the future generations too.

5. They are responsible for the sustainability of the environment. There is a reduced use of automobiles, and they do not contribute to any type of pollution as they do not involve any industries.

Conclusion

No doubt, the small scale businesses and services are considered the best to boost the country's economy. But it also has disadvantages associated with it. It is a risky job. If the business doesn't run well, it could lead to loss and closures. Large retailers can guarantee employment, but there is uncertainty in small scale businesses. As one owner would be involved, they have to work for many hours to build their venture. This also leads to stress and depression sometimes. Though there are cons to the small services, they should be encouraged more often than the large industries.

FAQs

1. Why are small businesses more effective than large businesses?

Ans. Small businesses are more agile and can adapt to evolving market conditions and customer feedback more effectively than large businesses. 

2. What are the 2 main pros of small business?

Ans. Small businesses allow more freedom and flexibility.

3. What are the cons of running a small business?

Ans. There could be issues related to capital and resources, which could impact business.