Saturday, November 17, 2007

Q&A: What are some social and economic issues small business face?

I'm going to expand this question "slightly" into - I hope Walsh does not mind:What are some of the social, political and economic issues small business face?I should remind you that when I talk about small business, I mean 1 to 5 people businesses, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professionals, contractors, freelancers, self-employed, sole-traders and virtual assistants.Social issues are clearly centered around the work-place, work life and private life.... I believe you can start a business with $20/10 a month and grow your business, risk free (without loans) on the side, while still in employment, until the turnover is big enough to justify quitting ones day job.You may feel about a business on the side as you will, the fact remains this is going on as we speak, trends we see in the online usage patterns of our OnlineOffice, certainly support this theory.At the same time business failure is far less an issue, as the risk associated with these ventures is very small, with the right mental attitude of the entrepreneur towards failure, the learning effect of a failure can be enormous.

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[Source: THE SMALL BUSINESS BLOG]