What is Small Business Entrepreneurship?
Small businesses are small organizations, corporations, companies, partnerships, sole proprietorships, etc. that contain fewer employees or less labor and even less yearly turnover as compared to a regular-sized business or company. Small business entrepreneurship is the initiative to start a business without thinking of its expansion or launching many chains. Small business entrepreneurship in India is considered to be quite a successful business model because it doesn't require many resources to start a small shop or small restaurant, simple online blog, etc.
If you plan to launch a small business then keep reading further. You have a graduate degree in your hand but got no job for a while. Instead of waiting to get funds from banks or financial institutions for your further studies or requirements of buying a house or running a family, you can immediately launch a small business if you have the right business sense. Like you put a tea stall on your road and supply tea to businesses who work in a commercial complex. You can even sell vada-pav and make profits if you know how to operate the business. It's completely your call whether you want to work 24/7 or you want to work for a few hours a day and focus the remaining time on doing something else.
You stay at home the whole day as you have caregiving responsibilities for your parents, in-laws, and children. You can immediately set aside four hours a day and start blogging on WordPress or Blogger. You can even approach companies who would require freelance content writers so that you can get some work and also mint some money to take care of your living expenses. You can think of registering your small business from an authorized person who can guide you further on getting a shop license, work permit, etc. from your area government officials once you start making a good amount of money on a regular basis.
India is full of small businesses that have innovative ideas and inventive thinking to run their operations. Think of a painter who has amazing artistic abilities. If he completely focuses on selling his painting to bigger shops or putting up exhibitions, he can make good money that can support his livelihood. Even artists who work in the music and cinema domain are actually running small businesses in the form of their professional work. They are the owners who have a team to take care of their professional commitments and manage their reputation and profiles in the public domain. This makes them also known as successful small business owners.
People who run dance academies or tuitions for children are also qualified as small business owners. Their creativity and passion for their hobbies help them become successful entrepreneurs of small businesses because they don't get demotivated when children opt out of their classes as they are satisfied with the freedom of expressing their abilities that they get when they impart knowledge, skills, and education to their students. You can even get a small business loan from banks with a minimum interest rate if your idea needs finances to get started.