The news is in abeyance that there are no longer job opportunities to accommodate the massive number of graduates all around the world. There are millions of graduates that are hovering the streets looking for one job opportunity or the other to engage themselves in. To be honest and sincere, it is imperative for graduates to be enlightened and informed about small businesses they could engage themselves in after having left the four walls of the college; the essence of this is so as to give the graduate an option in a situation whereby the availability of jobs is minimal just as is obtainable today. Small businesses are the only means for the graduate to put some money in his pocket pending when he can get a paying job. While some graduates have delved into business after coming into self-realization, most graduates still prefer sitting on the computer and blasting their resumes with the hope that one day they will get called on to come for an interview. I am not saying it is a bad idea to send out resumes; what I am driving at is that graduates should activate their sixth sense and look for small a business to engage in.
A small business can be referred to as a privately owned and operated business with few numbers of employees ranging from fewer than 15 employees. Small businesses are privately owned corporations, partnerships or one man business. Small businesses include photography, convenience stores, hair dressers, traders, lawyers, accountant, restaurants, tradesmen etc. Photography is one small business that has gained a lot of popularity across the globe, people always want to see themselves on that glossy hard copy paper even with the inception of mobile phones with camera and digital cameras, there is still great need for having a hard copy in an album. Photography business can be started on a very low scale; all you need is a good camera and a printing machine to print out the pictures. It is imperative to acquire photo skills before you delve into this business so as to make your work quality and professional.
Before you begin any small business, it is important that you put the following parameters into consideration:
Consider Your Interest: I would not advise that you startup any business without being interested in that business; it would be a waste of time and resource if you are not interested in your business. The end point is that you might get frustrated and fold up. Before you start a small business, you should do your home work; I mean you should write down a list of things you would like to engage in naturally, money should not be priority at first just make sure you find fun in what you are doing and then you just sit back and watch the profits rolling in naturally.
Capital: A lot of people believe that you need to have a huge amount of money before starting a business; I totally disapprove of that saying as I have seen lots of businesses start-up on a very small basis with little finance and grow over time. The truth is that you do not need mega money to start-up a small business. If finance is an issue, you can come up with a solid business plan and partner with people who have the funding for the business.
Location: Most small businesses do not thrive as a result of the business location. The base of a business is location. You cannot possibly expect a boom by setting up Mc Donald’s in a very remote village; the inhabitants would rather stick to their local meals since it is affordable. Where you setup your business is key to the success of that business. You need to do a survey before ever starting up your small business.
As the business grows you then determine the number of staff to work with which is dependent upon your income and turn over. Small businesses are helpful for generating a reasonable amount of income depending on your hard work and effort. At first the income might not be encouraging but as time goes on with your hard work and persistence you would definitely grow to the top.