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What does small business mean? You get varied answers depending on the background of the person answering the question. You would certainly get practical answers from a Chinese kid who grew up in the family business hands-on. Solid theoretical answers will come out of the mouth of the business student as if they come right out of textbooks. The student of sociology will give you answers that define business as an establishment portrayed like a vulture without humanitarian consideration that thinks of nothing but profits. Business is commonly described in the context of trading which is the earliest form of business that man engaged in. There are actually three types of business. They are manufacturing or processing, services and trading. It is important to know these three types of business if you are planning to set one up. The different business types each have their own financial, management and operational methods and processes. The accounting forms and chart of accounts of a manufacturing/processing business may not be appropriately usable in a trading business. Service type business performance data cannot be used as sound bases for business analysis in the other two types. It does not matter whether the business is large or small. The only difference between small from medium or large scale business is the size of capitalisation. It may not be necessary to hire a manager for every department as a start-up but the aspect of departmentalisation must be very clear to the business owner since the start. For a fledgling small business, the owner may act as the General Manager, Marketing Manager, Production Manager, and Administration and Finance Manager at the same time. He may also be the only employee in the business until the tasks can no longer be practically performed by only one person. That is the time for the owner-manager to hire employees. As the business grows, more and more employees have to be hired with the boundary lines between departments clearly defined through the job description of each new employee. With the advent of the internet, businesses have turned to the web as the fastest way to reach the widest market base. Marketing is the heart of online business. Service type businesses are also effectively promoted in websites that fully illustrate the service packages offered. The hotel business is one such example. You can easily book for a room or suite online with options to include any or all allied services offered by the hotel. The manufacturing or processing types make use of the web for sourcing and/or supply of raw materials. Finished products are offered in the same sites to trading and retail establishments. Going into small business? Make sure you are on the web. It is cheaper, faster and more effective. Do you run a small business? http://smallbusinesswebsites.net.au is giving away an ebook valued at $37
Small Business Websites lets you know - how to rank in the search results, how to make sites & how to succeed the web!
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