How to Run a Successful Small Business By Sushmita Naha Dhar

How to Run a Successful Small Business

By Sushmita Naha Dhar 

#Small Businesses 

#Economy

#StartUp

Small Businesses are the backbone of the Economy. There may be some bigger Business, but the politics is not good there. If we need growing economy, then we need more and more small Businesses. As a matter of fact, small Businesses employ more than half of the total workforce in the country. Small Business owners have a very high level of trust in all the surveys and in all the consuming public. So, small Businesses are the key to our success, now they are the key to our success to go on in the future. So, small Business owners need to make sure that the Business is well-structured and growing well.

What is required to Accomplish a Small Business

To accomplish a small Business, here are the following steps:

·       Freedom: 

The Business owners wanted the freedom to do new things or family, they need freedom to explore new things.

·       Accomplishment: 

Secondly, they wanted a sense of accomplishment so that Business so that their family can carry it on or so that it makes a mark in the community or so it can make an asset to sell going on down the road, but they want to accomplish something important to them.

·       Capital: 

They need money so that they can spend the money on the Business, or friends and family.

·       The Plan: 

You need to have a proper plan to execute. Without the plan, the Business owners won’t be able to attract the customers, suppliers. It’s a roadmap how to grow, run and structure new Business.

·       Market Research: 

Market Research plays an important role in small Business. It helps to gather knowledge about potential customers and growing Businesses already existing in your area.

·       Business Name:

 You must use some unique Business names that has not been used by other Businesspeople.

·        Register Business: 

After having the Business name, it’s the time to make the Business legal and registered.

·       Opening Bank Account: 

Its must to open a Business bank account as it will help to sort out the transaction issues and tax-related matters.

Steps To Run Successful Small Business Conduct Market Research. [MR] Market research will tell you if there's an opportunity to turn your idea into a successful business. Write Your Business Plan. Find Your Business on Internet. Pick your Business Location. Fund Your Business Choose a Business Structure. Choose Your Business Name. Register your Business. [If Needed] Get new Blog / Website and eMail IDs.

Sushmita Naha Dhar [Honors and MA  in English]

Author / CW / Blogger