In many cases small businesses have been outlooked and diminished by many people especially those who consider themselves more learned than others. The truth is this micro businesses are at the core of the economy and with todays world they play an important role in creation of employment to large percentage of the population.
Here are some reasons reasons why you should invest in small businesses and create employment for yourself and others too.
1.REQUIRES LESS CAPITAL TO START
There a lot of small businesses you can start even with as little as ksh 5000. This kind of money is easy find compared to other large amounts of money. Some of the things you can do to raise this money are; do a piece of work for someone, borrow from somebody maybe a relative etc. You also notice that it is also easy to payback the amount if opt to borrow. Some of these businesses include; selling some beauty products like ear rings, selling maize "mahindi choma", shoe shining, selling boiled eggs, smokies, sausages.
2.LESS FORMALITIES ARE INVOLVED
Unlike other businesses where you have to go to various government agencies and fill documents, pay fees, apply for multiple licenses among other formalities, for small businesses, you are only required to pay for the operating license once per year to avoid being arrested by the city council. However in some places you can operate with no license, that is, OPEN AIR, therefore the processing of setting up is not very complicated.
3.EASY TO IDENTIFY A MARKET GAP
It is somewhat easy to observe the surrounding of where you are and identify what kind of commodity you can supply to those people in that area. For example, someone can decide to be repairing clothes for people because there is no tailor around there.
4.MANAGEMENT IS EASY.
Handling of the business proceedings is much easier because less accounts are involved. All you need to know is how to maybe talk to your customer, manage your stock well and a little knowledge in mathematics.
5.THEY GROW FAST
This depends on how much you are committed to make your business a success. If you decide to be a serious person, statistics have shown that these businesses really grow up fast and are rewarding after some time.
6.EXPENSES ARE LESS
The main costs for this businesses are mainly paying rent and some extra small costs of repairing some things and that's all. There are rarely many employees involved since the operations are also few and less individuals can handle.
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