Small Business Establishment, Development, and Management

The key to establishing, developing and managing a small business is to keep the basics in mind. There are certain issues which a future business owner must pursue. Issues such as planning, financing, marketing, employees, taxes and legal aspects are just a few that must constantly be in a future business owner's focus. The main reason for writing a business plan is to raise finance for a new enterprise. Without a good business plan, no …

…within the family which can negatively affect the business. (Entreworld.org) In conclusion, communication and organization is the pinnacle for a successful business. A thorough and precise business plan can build the foundation for profitable business. As long as the business owner complies with and is aware of regulations and law issues associated with the business, adverse law situations will not arise. Family businesses have been proven to be an advantage over the conventional businesses.