The Manufacturing Business
This is conversion of raw materials into a useful product. Beginning a manufacturing business requires a big amount of capital and it is most suitable for a large business with more resources. But on the other hand this business can create a tremendous financial return, often above 20 percent.
The Service Business
Those businesses sell personal skills rather than products to their clients. Typical examples are: the barber, daycare centres, repair shops and consultants. The service business requires a limited amount of capital investment and can be operated from home. Recently, there has been a trend to franchise service business.
The Wholesale Business
This is something in the middle between manufacturers and retailers. You should buy products, store them and then resell to retailers or to the costumers.
For wholesale is important that wholesaler is skilful for doing such a business, he can manage well good’s delivery and clients service.
The Retail Business
Retailers buy products from manufactures, wholesalers or other distributors and sell them to the consumer. Small business dominates this area. There are many different kinds of retailers – from small grocery stores to variety stores to specialty shops. One of the key success variables for these firms is a convenient location.
There are a few good ideas for starting Small Business with a limited amount of capital:
Easy Photography Home Business
Office Cleaning Business
Starting a Child Daycare
Starting a Catering Business
