Top Small Business Keynote Speaker

General Information about Small Businesses for Meeting Planners and Prospective Clients.

A small business is defined as a privately-owned corporation, partnership, or sole proprietorship with fewer employees and less annual revenue than a regular-sized business or corporation. Depending on the country and the industry, small businesses are often able to apply for government support and qualify for preferential tax policy. Although small businesses can implement similar quality management systems found in larger corporations, they are facing different challenges. For example, small businesses tend to have fewer human resources and less up-front capital to dedicate to quality initiatives such as lower costs and waste reduction. However, management commitment and accessibility may be stronger in a smaller business. At the same time, internal communications and collaboration can be more straightforward, offering significant benefits.

By contrast to larger chain stores, a small business can have many advantages, including the possibility to start up at a low cost or on a part-time basis, improve the local economy, and be closer to customers’ needs. While succeeding can be a challenge sometimes, there are many steps that a small business owner can take in order to prosper. For instance, making use of internet marketing is an extremely powerful tool, helping businesses build wider audiences. Moreover, getting extra funding, offering regular staff training, being creative, staying focused on goals, and providing excellent service are all great ways to make small businesses thrive.