The Rise of Small Business Entrepreneurship an Inspiring Insight

Table of Content

What is Small Business Entrepreneurship
How to Find a Small Business Idea
Steps to Find Your Small Business Idea
Small Business Entrepreneurship Examples
Conclusion

What is Small Business Entrepreneurship?

Small business entrepreneurship is defined as starting a new business with low investment and a minimum number of employees.

The owner of the small business is involved wholeheartedly in growing his/her business. He/she not only invested their money but also invested their time and shows commitment to improving their business.

How to Find a Small Business Idea?

Small business entrepreneurship involves majorly local economics. You find a good idea for a small business by finding a shortage in your local area.

Consider the scenario given below,

Example Scenario 1:

You are living in a village with a population of 1000 people, and most of your village people do farming on their own land. And no shop sells fertilizers in your village.

The farmers need to travel 5 km for buying fertilizers then you find the right opportunity to open a fertilizer shop.

Example Scenario 2:

As same as before scenario you are living in a village with a population of 1000 people and most of your village people breed cattle in their homes like cows or goats.

Then you find the right opportunity in that situation. Collect milk from those homes and sell it to the bakery in a nearby town.

Step to find your small business idea:

Note your local area
Find the available resources in your local area
Find the Needs of your local people
Brainstorm the need with various questions
- Why do people need that?
- How long do they need that?
- What are the direct and indirect ways people use to satisfy their needs currently?
- Is that direct and indirect ways enough or not?

and many more….

Plan your business idea with the minimum amount of investment
Start growing your business

Small Business Entrepreneurship Examples

Product Based Small Business owners

Bakery Owners
Tea or Coffee shop Owners
Gym Owner
Handicraft seller
Saloon Owner
Homemade food products sellers

Service Based Small Business Owners

Web Designer
Social Media Manager
Content Creation Agency
Online Tutoring
eBook Publisher
Product Designer

Conclusion

I hope the above content blows your mind about small business entrepreneurship. I just want to conclude this blog with a small suggestion. Do not judge any business like it was too easy or it was too hard.

Nothing is easy or nothing is hard here. And there is no business giving a guarantee to become rich.

If you start now, you put your efforts continuously for certain years, and then you definitely thank the person(the person is you) who was not given up on the difficult situation.

Resources

Sathish VI

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