SMALL BUSINESS

Small business means the business owned by one person with fewer employees.

In this modern world people are running here and there for making money. A govt. job will not satisfy our expensive life. That is why today more and more people are interested in business. But some of us afraid because we thought its risky. Yes business is always a risky game but now its not so difficult, we can start from a small business. If you have a plan then its not a problem for start a small business. Today lots of opportunities are opened for you. Now you have loans, grants for small business, and also internet opportunities. You can find best websites to get more information about small business. The main benefit from this is, if you are starting a big business then after one or two year you will be bounded by debit. So if you start from small you can avoid that problem. Another thing is women can also start a business. Now they are leading in this work. Stay in home without any work and waste time is meaningless. Present you only as a house wife in the society its better to say that you are business women. You can start restaurant, paintings shop, fabrics, beauty parlor etc.

BUSINESS PLAN

To start this first we should have a clear idea about the money which is spending for your business. You have to figure out how much you will spend to buy raw material, wages for employees etc. and then you also have to make the figure of your profit and analyze. It will give an idea about how much money you have to save. It is good for before and after starting business. Idea or plan plays an important think in the business. Everybody wishes to make a profitable business for that good plan is necessary. First you have to think why you want to start your own business. In which you are interested. It will give full time enjoyment and satisfaction. Get an idea from some of your friends and relatives who are a successful business man or women. It will help you to improve.

LOCATION

Location is the important thing for business. Best place can help you to make more profit. It will provide a good advertisement for your business. About your business people should get a clear picture. All for that your business location should be good, it will make easy for the customers to come at your shop and you have to provide good customer service for them. You should be different from your competitors. Dont copy the trade secrets of others. You should not allow copying your trade secrets means your trade secret should be confidential. All your deals should be in a contract base. nAlways keep good, obedient truthful people as your employee. Always pay your bill and taxes on time. Make a faith of your customers on you.

FINANCE

You will get grants from private firm federal or state government department or agency. It is based on the process following strict guidelines for using funds. Small business websites that provide all the products and services any small business may need. When you start this you should be the first and final person who takes the responsibilities .While you can protect yourself against lawsuits by buying business liability insurance, this won't help you with business debts.

EMPLOYEES

For a small type of business we need fewer than 500 people but when we hire employees he should have an enthusiasm for work. Employees and contractors who like their work will represent you well on and off the job. And customers will more likely be loyal to an upbeat business and are more likely to recommend it to their friends. When you hire workers as independent contractors, make sure they shouldn't really be taxed as employees. Make a legal status between your employees.

You have to check your local about the security to start business. There are some laws allow certain types of businesses to occupy different districts of a city or county.

You have to find out whether any other legal restrictions will affect your operations. For example, some cities limit the number of certain types of business such as fast food restaurants or coffee bars in certain areas, and others require that a business provide off-street parking, close early on weeknights and keep advertising signs to a minimum. Fortunately, many cities have business development offices that help small business owners understand and cope with the various restrictions.

Leaving corporate America to run a home based business is the ideal situation for many people. There's no boss breathing down your neck, no boring meetings to attend and no 45-minute drives in rush hour traffic. Working from home can be a rewarding experience, but it's easy to forget the basic rules of running a successful business when it's 10 hours of just you, your computer and the distractions of home.

DRAWBACK AND SOLUTION

Business owners not have a boss over them making sure they get their work done, or a tangible start and end of each workday. It's easy to let time slip .Create a structure that mimics what you had in the workplace. Structure your day so you have a start and finish time, with certain hours set aside for specific activities. A general rule is to spend the first hour of the day prospecting for new clients. Send your emails, write your letters and make your phone calls first thing so you don't forget to do it later.

Use Outlook or some sort of contact management software to serve as a visual reminder of what you need to accomplish that day. Live and die by your to-do-list. Try to have everything crossed off by the end of the day.

As a business owner you also have many work related to this. So you must know the all technical works and some other things like book keeping. It will help you to save money which you will spend to other who is doing these works for you