Small Business Success Essay Example | Topics and Well Written Essays - 1000 words - 1

Small Business Success - Essay Exampleare believed to be driving forces to the success of small businesses and what business starters ought to do to growth likelihood of their businesses success.Most successful small businesses takes fitted time to set goals that give them clarity on the direction to take and how they need to carry bulge out their activities in order to succeed. They are driven by their goals and objective despite the challenges encountered along the way such as stiff competition and lack of adequate finance (Bider and Johannesson 2005, p.627). Success can therefore be elusive especially if a small enterprise does not have a clear goal. sure-fire enterprises always provide room for alternative process and ideas if the initial one fails to deliver desired results. This ensures that activities are carried on as usual after incident of setbacks because alternative solutions complement the initial approach (Olivo 2001, p.45). For example, when workers in a small busi ness resist changes, management can decide to bargain with them until they reach at a neutral position on how to embrace the new changes. They can also decide to abandon introducing new changes especially if they are likely to adversely affect workers morale which, possibly could results to poor performance.Setbacks are almost common in a business set up and they may require dear approach to handle them. A business should acknowledge challenges and formulate various policies to help bouncing back to the initial position before occurrence of a certain challenge. A firm with determination on what it expects to achieve will always bounce back to the right track even after agony huge losses because their aim is to hit their target.This is a very important trait among small businesses as it ensures that a business handle their own issues without much ado. The ability of making independent decision puts a business at a higher competitive notch since they do not have to chaffer others t hus enhancing quick decision