Small Businesses: It’s A Small, Small World!
May 21, 2021
In the urban parts of the world, youngsters want to do something different. They don’t want your typical 9 to 5 job. They don’t want to be corporate stooges. Instead, they dream of being the boss of their own lives. So, how do they try to make their dreams come true? They open up a small business!
What is a small business?
A small business is essentially homegrown. The owner of the business usually works solo to dispatch and collect orders. It’s a one-man army. Sometimes small businesses can also be owned by a family or a group of friends with similar interests. In such a case, they all pitch in to help. Most small businesses are started by the school or college-going students for earning an extra buck. Some also start small businesses to channelize their creativity and talent. They offer the whole world their uniqueness. The special part about small businesses is that most of the products are handmade and not generically mass-produced. This helps preserve their je ne sais quoi making their products one of a kind. Each small business has a unique identity. The benefit is that their products could not be obtained elsewhere. This may work both in their favor or against depending on whether there is substantial demand for that particular product niche.
Examples of small businesses:
- Social Media Analyst
- Making Handicrafts
- Wall Hangings
- Home Décor
- Photo Editing
In the age of social media and influencers, these are the top preferences people choose while starting their small businesses.
Start-up Vs Small Business:
Often confused between the other, there is a massive difference between the two. Start-ups are mostly technology-based ideas that the owners hope to blow up into a tech product like a social media app or a website. The idea of start-ups is that they want to become a bigger brand. They believe their idea has the potential to be a multinational company.
On the other hand, small business wants to preserve its uniqueness and doesn’t necessarily want to expand. It is based more on a worldly, tangible product than tech software. Expanding a small business would be detrimental as it would lose its handmade, homey charm. Hence, most owners focus on providing customer satisfaction and optimizing their business.
How to start a small business?
Anyone can dive into this domain as new-age technology helps you. In addition, many social media sites help you out with the same.
Facebook pages and Instagram account for your business will help you reach a broader consumer base. Their tools will help you blow up your business into something big.
Starting a small business is a fun and fulfilling side hustles for many people on this planet. It helps them discover themselves, helps the world enjoy the fruit of their labor. It connects people. It helps preserve the human touch of products. It’s a small world, after all!