How can one become successful with a small scale business?

[Nomad]

A lot of people start a business but very few become successful. So, how do you ensure that your business, especially a small-scale enterprise become successful? There are a couple of things to be considered, such as...
Choose a business model that you can handle independently.
Chose a business model that can be started and managed with small funds
Choose a business that you are passionate about and have required skills and knowledge

 

[Henrywrites]

You also need to market tirelessly. Starting a small scale business means that you are going to compete against the big guys in the industry and that is not going to be easy. So, making sure that you do proper marketing is a key component to achieving more at the end of the day.

 

[Nomad]

I do not think it is possible to compete with big guys in the market to become successful for the small businesses. I believe small businesses need to craft their own market to become successful. Do you think a small phone company can compete with iPhone and Samsung? Well, that is not possible. However, these small phone companies should try to attract consumers who cannot afford high end devices.

 

[glitch]

Have realistic goals, network, make sure it is a niche you are passionate about and will not tire of after a short time. I always tell people to make sure whatever they start in terms of a business to make sure it is something they love.

 

[Heatman]

When it comes to running and managing a business on a small scale, the plan that you have to work with is something that should be realistic. It's what's going to make it easy for you to achieve those your business goals.