|
Big companies enjoy various benefits due to their large size. They are usually able to hire specialized labor and machinery more economically than small business. For example, a big company like Google has completely dominated the advertising industry on the internet unlike small advertising firms like usfreeads.com. The average cost for a company like Google would be lower than that of a small business since the cost of operation is spread over many units of output. Nevertheless, big businesses also experience some problems due to expansion. This includes high overhead cost, competition for available market and scramble for available labor in the industry. In most case, the set-backs that plague big firms are the same ones that also hinder successful entrepreneurship. This then calls for an entrepreneur to find ways to retain control of his business and exercise quick decision making. Reason being, due to growth, control becomes difficult because of the complexity of business activities. As an entrepreneur, you must be willing to shoulder the burden and stress arising due to expansion in order to succeed in business. This is due to the fact that expansion involves giving away control through issuing of shares or getting into partnership. A business owner must be willing to work for long hours and to take more risks in order to succeed. He must also be willing to delegate control and power to departmental heads and members of the overall management board so as to handle the growth of the business effectively and efficiently. Other privileges a small business may have to forgo include simplicity of organization and flexibility. All said and done a small investor enjoys the flexibility that comes with running a small business which includes grabbing any business opportunity that may arise. Stephen is an Business Organizing Expert . He researches and studies on big and small business strategies . Website:- Business Management Solutions for efficient business operations.
Related Articles -
small business, big business, big enterprise, expansion, advertising, output, big firms, firms, entrepreneurship, cost, economy, business, decision ma,
| 
