Skip to main content

Five Topsides To A Small Business

Every business is aiming to grow into a bigger and better business which is really great. Growing big should be a goal but it is important to know just how good your business is while still small.


While a big business is awesome, here are a few topsides or benefits that show that a small business is awesome too:

  1. A small business will most likely focus on a particular skill set or product making it a go-to for customers who need that particular skill set or product. This focus will enable employees to know exactly what the business is all about and improve competence. 
  2. As a small business it will be easier to have a unique set of products and (or) services which will build up credibility over time. The credibility of the business builds up the confidence of the boss and the employees. Confidence in business shows that the business owner know exactly how good their product or service is and is one of the best ways for a customer to trust a business.
  3. Since you focus on a particular set of skills and or products, getting good enough to satisfy your customers is inevitable. Satisfied customers will appreciate your goods and services. A small business will be flexible enough to make the changes needed to survive as opposed to a larger outfit and enabling you to react quickly to opportunities that will help better the business as a whole. 
  4. It will be easy to connect with your customers on a personal level as you will be having more contact with them. Knowing your customers more personally gives your business a great advantage as you'll know exactly what they want and work with their taste. You'll also know when their tastes change and work to satisfy them helping you to build a lasting customer relationship with them.
  5. As a small business owner you will have an opportunity to be a really great boss seeing as you will get to know your employees on a personal level and create a free environment for them. This is a really great advantage because knowing your workers helps you to know exactly what to do to help them be at their best and be more productive. As an employee in a small business, your boss will easily be a friend who has your interest in mind and will probably be of great assistance to you and your dreams.
Small businesses have a lot of advantages as compared to large ones. Knowing your advantages is a good step for you as a business owner, a step to working on those advantages and growing your business.

Comments

Popular posts from this blog

Top Ten Businessmen/Entrepreneurs in Nigeria

10 . Oba Otudeko Oba Otudeko CFR is a Nigerian businessman who serves as the founder and chairman of the Honeywell Group.   He also serves as chair of FBN Holdings and founder of the Oba Otudeko Foundation. As of June 2017, his estimated net worth was US$550 million. Ayoola Oba Otudeko was born in Ibadan, Oyo State, South-West Nigeria on 18 August 1943 to a royal family, thus making him an Omoba of the Yoruba people. Oba Otudeko studied Accountancy at the Leeds College of Commerce Leeds, Yorkshire, United Kingdom (which is now part of the Leeds Beckett University). Professionally, Oba Otudeko is a Chartered Banker, Chartered Accountant and a Chartered Corporate Secretary. Oba Otudeko has also attended executive management training programmes at International Institute for Management Development (IMD), Harvard Business School and Hult International Business School (then known as Arthur D. Little School of Management). Oba Otudeko was elected the 16th President of the

Tips To Use For Making A Business Plan

Making a business plan especially for someone who hasn't created one may look like a really difficult task but it's really not as hard as you think, all you need is a little help which I hope to provide here. First off, what is a business plan?     A business plan is a document that carries a summary of the major objectives of a business, both operational and financial. It contains details on the budgets and how the business objectives are to be achieved. You'll need these tips to make a good business plan: Make your plan with your audience as your focus Research about your business market Consider your competitors Make sure your plan is straight to the point Your plan should have a detailed description of your products, services, finances, goals and strategy. Your financial information must be detailed and accurate You should make a really impressive executive summary An executive summary is a brief section of your plan that summarizes the whole plan

5 Hunting Job Mistakes To Avoid

If you do not want your job hunt to be a demoralizing, difficult and a futile attempt, you have to cut out several mistakes. The fact is not many potential employees know what they are getting wrong. They seem to fulfill all the requirements, have a splendid-looking resume but still cannot land a job. If you’re one of such people with an unsuccessful job hunt in 2019, avoid these 5 mistakes to stand a better chance in the future.  1. Beating Around The Bush It’s 2020 and employers are even more interested in what you can bring to the table. What value can you add to their organization? Rather than go on and on about all you’ve ever done, focus more on what you’ve accomplished. Employers are particularly interested in the main features and highlights of your ability to fit in to what they have. This means you’ll be better served when you indicate areas of your career that generate more interests. 2. Taking Rejection Personally Rejection is definitely part of the pr