small scale business

enterprisesby

Hassen Zorgani

key points

• Definition of Small-Scale Enterprise • Steps and procedure for setting up small scale

business

Definition of Small-Scale Enterprise• Sometimes called a small business, a small-scale

enterprise is a business that employs a small number of workers and does not have a high volume of sales. Such enterprises are generally privately owned and operated sole proprietorships, corporations or partnerships. The legal definition of a small-scale enterprise varies by industry and country.

Steps And Procedure For Setting Up Small Scale Business

• Plan • Capital • Location• License or Certification • Advertising

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PlanWrite a business plan. Although your small-scale business

may not require extensive planning, a written business plan creates a road map to follow. Include the items you will sell or service you will provide, as well as the type of

customers your business will attract.

Capital Contact your bank to apply for a loan to start your small-

scale business. Provide the lender with a copy of your completed business plan.

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LocationPurchase the inventory, tools and supplies your business requires. If needed, sign a rental agreement with a property owner to provide a location for your small business.

License or Certification

Talk to your local government to determine what type of license or certification you must obtain for your small business.

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Advertising Advertise your services or goods. Contact your local

newspaper. Run small line ads in the classified advertising section or discuss the costs of display ads

that catch the readers’ attention. Contact other media outlets, such as nearby radio and television

stations