How to be a Small Business Owner

Being a small business owner is definitely a rewarding path. Small businesses support a country greatly and also the country supports them.

People who owns a small business is called small business owner. They can also be professionals having their own business like lawyers or accountants.

They may also be those owning a bakery, gift shop, restaurant, bed and breakfast, etc. Owners of a small scale business can have a partnership, sole proprietorship, LLC, nor corporation. In a sole proprietorship situation, the small business owner is the only one in the company. For example, an artist works solo, or a freelance writer working at home. You don’t have to register sole proprietorship formally and the individual who owns it is personally liable for all his business debts, reports earnings and losses of the business’ personal tax returns. Partnership is similar to sole proprietorship in the terms of registration and liability except that it owns by one or more people.

Advantages and Disadvantages of Small Business

Small businesses give an excellent sense of accomplishments and a sense of freedom and independence at work. This is due to the fact that they have no bosses instead they are the bosses and main makers of decisions. On the other hand, the disadvantages of small business are time as well as risk factors. Since small businesses only have small numbers of employees, the owners handle many works. Small business owners should make a thorough decision regarding the planning as well as operating the company.

Small Business Owner’s must have

Small business owners must have these characteristics and behavior in order to succeed. One is creativity. A successful business owner is always on the move of getting their business visible and known to people. Then, there is patience. The marketing of a business takes time in order to deliver the results quite well. Successful ones know that small business is about the building relationships to clients so that they can attract and make clients buy their product or service. Then there is the consistency. Small business owner must be true to their plan, consistent to the messages or activities or actions and ensure that they are projecting a consistent image to the public.

Nest is the commitment to the business. Don’t stop marketing even though it is a difficult time for your business. Staying visible to the public’s eye is very important in order to get remembered when the economy again turns around. Last but not the least is to always learn and learn and acquire knowledge. Small business owners must not end their learning and continue it all throughout their business life. This way, they can develop skills in marketing and strategies of a business. Just continue finding better way to develop your small business and in the future you will succeed.

56 Comments

  • S S BIRADAR said on May 24, 2011
    I am a mechanical engineer having exposed of twenty years in maintenance and operation of construction equipments and plant.And my own younger brother is a electronic engineer with MBA.would like to start a business in same field. Please give the details and advice. Biradar +919777444425
  • julius m atandi said on July 21, 2011
    I am working as a security officer in one of the local company ,but i want to start my own small business, please advice me.
  • Sanju Sunar said on October 20, 2011
    Hi Sir, I am Sanju Sunar from shillong city and i am working in cyber cafe since in 10-15 years and i know how to run the cyber cafe and plus with Xerox machine,Fax and for opening the new cyber cafe here in shillong i need your help to this all that it can change my life if you help me from your side to run the small business.and i am very thankful to you if you are reply me soon and my contact number and home address is... Name:Sanju Sunar. Meghalaya, Shillong. Contact Number:919774892375
  • vicki connors said on November 5, 2011
    Hamilton,Ontario,Canada I am interested in opening business in a french fry truck i would really appreciate your help,thanks Vicki
  • venkat said on January 17, 2012
    hello sir, i want to know about the small business ideas. please mail me sir, my mail id - venkatthamatam9@gmail.com
  • chacha charles mwita said on January 23, 2012
    Could like to start small scale business of retail beauty i.e cosmetics, saloon and boutique, in Nairobi Kenya,Please advice where necessary
  • Angshuman Gupta said on March 19, 2012
    I want a home based catering business.please advice me.
  • Ganesh B said on April 8, 2012
    Hi sir, i am ganesh from mysore i completed my mba last year, i want to start a small business in garment field where i got an idea to make t-shits, the customer come with unique or multiple designs, colour combinations etc. This idea came to my mind when customers always search more than 20 units of products as we see in textiles and showroom. do you think it will work ,if it can you give your suggestions. And also insist roughly how much investment is required to do that. e-mail : ganeshb065@gmail.com contact number : 8453433112
  • James expert adviser said on April 10, 2012

    @Ganesh B, are you talking about custom made t-shirts?

    Jestin James
    Startup Biz Hub - Senior Advisor (Staff)

  • aswathapraveen said on May 4, 2012
    i'm a home maker i want to start a home based business so please help me 8435766928
  • Surya said on October 4, 2012
    I would like to start a small business with capital of 3 to 5 lakhs. I'm working as computer engineer and like to start business in Hyderabad, Andhra Pradesh, India.
  • Baby moochikkal said on October 8, 2012
    hi, i would like to start a dairy farm in palakkad with 10 nos of cows. Please give the information about the minimum investment and what are primary steps has to be taken for the project.
  • ashish srivastava said on October 14, 2012
    Dear Sir , i would like to open a small vegetable mashala company in utter pradesh in Varanasi disst. Please tell me how i can open a registered company . kindly tell me in brief which office i will have to go for registration and what type of document will be required .
  • Manjunath said on October 15, 2012
    Hi, Am manjunath from mysore and i would like to start a business by investing 2 to 3 laks. Please suggest me that which can i get good growth.
  • alice said on October 19, 2012
    I WOULD LIKE TO OPEN A SMALL BUSINESS LIKE DRIVE SCHOOL PLS CAN SIR PLS HELP MY AND SAY WHERE CAN A START.
  • md shafique said on October 26, 2012
    hi sir, i am Shafique from Shillong i have a imitation jewellery shop in shillong , i want to do something else with minimum investment coz i don't have much money to do any business. plz advice what shall i do in my city with small amount of money. waiting for your reply.
  • Karunesh said on November 7, 2012
    Hey i am Karunesh and currently i am an employee but now want to start my own business. Delhi email-karunesh786pandey@gmail.com
  • Prissilla mussa said on November 14, 2012
    Hi. i'm from tanzania, dar es salaam. i would like to have a small business like bakery or a cosmetics shop. pls i need ur advice or give me any tips of a small business which will suit in my home city. waiting for ur advice
  • Girish Raval said on December 4, 2012
    hi i am girish raval and i would like to start paper bag making small scale industry. pls suggest me a right way for starting it.
  • vittal said on December 8, 2012
    I want to setup with small investment business in Warangal, A.P. INDIA. Kindly suggest ideas n procedures.
  • Dibakar Das said on December 11, 2012
    sir, i am from guwahati, assam, i belongs to a middle class family , i want to start my own business here, i can invest 2 to 3 lakh money, please advise me to do something. thank you.
  • shrikant said on December 20, 2012
    Respected, I would like to start my small vegetable & fruits export business in my native place (Satara, Maharashtra). requesting to guide me or provide me any case study. Also what all the documentation & procedures we have to follow?
  • CHANDRIKAMADHAVAN said on February 15, 2013
    I am manufacturing pickles, curd chillies, rice vadagam, etc. and selling to nearby places. I want to develop my business some more. What can I do?
  • mr. lee said on March 1, 2013
    Hi! Sir. Im daryl. I want to start an Ice Cream Stand/ House. I want to know more about the details so please... I badly need your help. daryl.nolial@yahoo.com
  • mr.satish said on March 6, 2013
    I want my own manufacturing or selling product business related to metal like iron, steel plz help me to suggest the product with low investment.
  • Neeta said on March 19, 2013
    I am 38 year old lady doing a job in private company in belgaum city of karnataka and want to do my own small business. But do not know which business to do. Please suggest me what type of business will suit for me with minimum investment. Please help me.
  • Vinod said on April 13, 2013
    Hi Sir, i have working experience in finance & accounts for almost 20 years, now i want to start my own business of Logistics/ warehousing based at Delhi. i want to know how to start & where to go for registration etc. kindly help.
  • Vanlal Inbon said on April 25, 2013
    Hi friends. i'm from Shillong. Indeed i have Start my business within Shillong. I have reach my business in a final stage now. Truly and honestly, any one can work together with me, i will give as a share 20 lakhs rupees just after i finish the work. Actually, i dint meant to contact any one but i'm in shortage of money. So, i need 5 lakhs to finish the job, and i will get 40 lakh. So, i will share 20 lakh if you are willing to help first. The work is transparent and good. Dont afraid. Please contact me on my email- shyllaabba@gmail.com
  • mirza said on April 26, 2013
    dear Sir, i am 40 years old, would like to do business in warangal a.p., india, with low investment, do not have experience, kindly advice. your co-operation on this matter, would be highly appreciated. thanks
  • SAMA SHAIKH said on May 22, 2013
    I am 38 year old lady doing a job in private company in surat city of Gujarat and want to do my own small business. But do not know which business to do. Please suggest me what type of business will suit for me with minimum investment. Please help me.
  • mohd nazahim said on June 12, 2013
    I am from Srilanka fm colombo. I am looking for a partner who can develop a travel site for me. as a partner.
  • Rhanet Leyson said on August 3, 2013
    I am 43 years old from Philippines working abroad in the field of rehabilitation as recreational therapist for almost 20 years from now, I wanted to settle down for my own small business, i used to do network marketing business of my own promote food supplement products and i do buy and sale at any items in my own strategy while working and during my off days. But I am afraid to let go out from my work and to do direct selling doing business with my own without monthly salary. I hereby, in need of your kind, clear and valuable advice's how to do a small business without fear. your answer is highly appreciated. thank you very much.
  • Shindhu said on October 22, 2013
    Hai, I am an MCA Graduate. I am interested in doing business. I have an idea of doing mushroom cultivation. I would like to know the production methods and its investments, marketing techniques etc in this mushroom business. I am from coimbatore so kindly tell me whether this business is apt for this city ? Need your guidance and suggestions.Thanks. My id Shindhu88@gmail.com .
  • Bharat said on November 20, 2013
    i am BSC graduate.i want to make soya flour.could you please guide me for machinery and selling. i have land and soya crop. I want to use that. Regards
  • Sumathi said on December 28, 2013
    I am Graduate. I am interested in doing business from home. I want to do jewelry designing and know about the courses or start a super market.
  • JhOy said on January 5, 2014
    Hello sir, I'm 23 years old from philippines and i'm planning to start my own business such as piggery but i don't know how to start i've been reading and browsing some ideas but still, i'm confuse. hope you give me some ideas and info about this business thank you.
  • Jonas said on January 10, 2014
    Hi Mr, I'm a 24 year-old South-African, who started a copy, printing, scanning and laminating business, but i don't know how to grow it well, because i am still working for a mining company. please advice effectively.
  • basavaraju kc said on March 12, 2014
    hello sir i am 32 years old i'm starting my new business for office stationery suppliers, pl give me ideas to start. place bangalore
  • Rajni Gupta said on May 22, 2014
    Hi Sir, I am Rajni gupta working in a private company at Raipur. But now I want to start my own small business with minimum Investment with cosmetics products. But I dont have any idea how to start. please guide me. Thank you
  • ramu said on June 24, 2014
    Hi, Am Ramu of 63 years old from mysore and i would like to start a business by investing 2 to 3 laks. Please suggest me that which could be the best business for me, keeping the age as first criteria. suggest me a good business
  • wendy mcbrien said on June 30, 2014
    Surrey, British Columbia Canada. yes I would like to open a nudest colony {campground} with cabins that I can flip and sell off to members of the campground. So they have their privacy and to help offset investment. Now is it legal or no? I have looked on line and they don't say it is illegal but they don't say its legal could you please help.
  • mahadev said on July 26, 2014
    I want to open a watch showroom in my sore, karnataka, india
  • achuth said on September 20, 2014
    i want a business idea in warangal
  • phaneendra said on December 5, 2014
    hi sir my name is phaneendra from chittoor present i am working in private company but due to some reasons i want to start a small business(Home Based) in my native place with low budget like incence sticks & Candles Extra So Please Give Suggestion To Me For A Better Future
  • GANESH said on January 10, 2015
    I want to setup with small investment business in SATARA (MH) INDIA. Kindly suggest ideas n procedures
  • s.balaji said on February 11, 2015
    recently i have shifted from ap to mysore. i wanted to start a new business with investment of 15 lakhs, which are like restaurant, stationary, automobiles. if you have any other ideas please give some ideas.
  • Tushar said on February 16, 2015
    hi sir, I am Tushar, I want to open a industry or a plant so please help me which will be the best and can give jobs to needed one's. Basically I am from rural area having own land and ready to invest upto 20 to 25 lakhs for the setup my no 9623361414 Maharashtra
  • liagi tani said on February 23, 2015
    Hello sir, I am tani from arunachal Pradesh ziro, I want to start up small business on setting up assembled two Wheeler garage... Can u share me some ideas on establishing it..and the process to run it smoothly... thank you
  • monishaa said on June 15, 2015
    Hi, I am monisha from tamilnadu. I like to start a business on my own. I am interested in handwork designs. Need to start with small investment but dont know what to start with. Can u give some idea to start in my hometown with small investment. It can be of any business.
  • Uttam said on August 9, 2015
    Hi! Sir, this is uttam from sikkim. right know I'm in small job. Now I want to start small budget business on jockey products at my own home town. No experience so please give a guidance n idea to set up my business..
  • Jitendra Kumar Srivastwa said on August 13, 2015
    Want to start hardware business of building construction in Vadodara , Gujarat.
  • M.DIVAN said on October 27, 2015
    I want to start small business like plumbing materials or hollow block / fly ash brick in Tirunelveli Tamilnadu. So please give a suggestion of above business
  • tom said on April 28, 2016
    i have registered my security company. please assist me on how to market.
  • sam said on June 26, 2016
    I have my own catering business but now there is know market as many caterer are coming up like mushrooms so i want do some side business please suggest me what to do as my finances also is finished .
  • samina said on September 30, 2016
    I have been starting a business but i don't understand which business start hence i request you please suggestion the business
  • Fazal R Qasim said on November 1, 2017
    I intend to run a small business at Rawalpindi, Pakistan with max investment of US$10K only. Any ideas?

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