Small business: examples of successful enterprises

2024 Author: Howard Calhoun | [email protected]. Last modified: 2024-01-07 20:55

A person who wants to start a business inevitably has the question of what kind of business to do. After all, it is desirable to invest the available capital in a business that will provide profit and become a reliable source of income. With the wrong choice, it is easy to lose even the money that you have.

If the initial capital is small, then only a small business is possible. Examples of successfully operating enterprises of such a business can be seen everywhere. These are various shops, cafes, hairdressers, photo salons, beauty and he alth studios, etc.

Provision of services to the population

The service sector attracts entrepreneurs by the fact that here you can often open your own business without applying to banks for a loan for initial costs and managing only on your own. Therefore, a large number of individual entrepreneurs operate in this area. Small business (examples will be discussed below) gives them the opportunity to quicklyrecoup the money invested, and then start making a profit.

Successful Service Small Business Examples

Let's start with the most popular activities. Currently, due to the widespread use of computer technology, services for the repair of office equipment and programming are in demand. And a person who has excellent knowledge in this area can choose this particular direction of work. This also includes such a service as website development.

The services of tutors in various subjects of the school curriculum are in great demand, especially in connection with passing the exam. But knowledge alone is not enough for such work, you need the ability to transfer your knowledge to another, pedagogical talent. And recognized tutors do not need to advertise their services, the demand for them exceeds the supply.

Cleaning is another of the promising areas in which small businesses are moving. So far, examples of organizations involved in cleanliness both in residential premises and in offices can be seen mainly in large cities. But for sure, any housewife will appreciate such services as window washing, carpet cleaning, general cleaning before moving and others associated with heavy physical exertion and time-consuming.

Traditional destinations

Very popular in small business trade and catering. There are many opportunities here due to the variety of goods offered for sale and the variety of dishes. Attract a large number of customers cafes specializing in anynational cuisine, and fast food establishments.

Beauty and he alth services are widespread. The desire to be beautiful, characteristic of any woman, causes the appearance of all kinds of beauty salons with the services of a hairdresser, manicurist, massage therapist, makeup artist, stylist. And to keep in shape, you can use the services of various gyms, swimming pools and fitness clubs.

Organization of holidays is also included in small business. Examples are toastmaster services for weddings, anniversaries, arrangement of New Year trees and congratulations from Santa Claus and the Snow Maiden. This is a business for active and creative people who are able to captivate and stir up others. And it does not require special expenses, except for the purchase of costumes and musical equipment.

Home Small Business

Examples of home business enterprises are different. These can be small ateliers for custom-made clothes, shoes, knitwear. Confectionery or dumpling shops at home are also not uncommon, especially if the area of \u200b\u200bthe apartment is quite extensive. Souvenir production is also a promising area.

In rural areas, it is possible to grow early varieties of vegetables, potatoes, mushrooms, grow flowers, etc. on a personal plot. This also includes the business of breeding purebred dogs, cats, and valuable fur animals.

Using mini workshops

In a small business, the most profitable for work are mini-workshopsbenefits. They do not require large areas for accommodation, so there is no need to rent a room, paying a lot of money for rent. The mini-workshops themselves are not that expensive, they are affordable, even if you take a loan from a bank.

With mini-production, it is easier to maintain high quality products, which is important in a competitive environment. And when market conditions change, it is easier for small enterprises to convert to the production of another product that is in higher demand.

Examples of small and medium-sized businesses using mini-workshops are also varied. This is the production of food - bread, biscuits, sausages, cheese and dairy products. With high quality and excellent taste, such small business products successfully compete with large manufacturers.

Construction as a business

The second direction in which there are free niches is the production of building materials. Due to the growth of individual construction, materials such as foam concrete, expanded clay, cinder blocks, etc. are in great demand. All these materials can be produced at small enterprises.

The development of the repair and construction services market is closely connected with this. Services such as the manufacture and installation of plastic windows, the installation of suspended ceilings are in demand. Sheathing buildings with siding and corrugated board is also in demand, being the fastest way to give them a modern and presentable look. Moreover, compared with traditional methods of repair, they are cheaper anddurable, which makes them attractive in the eyes of customers. These are great examples of successful small businesses.

Business planning

In order for the started business not to burn out in the first year, but to become successful and competitive, it is necessary to plan it correctly.

Drawing up a business plan involves several things.

1. The right choice of niche in the market that you are going to fill. It is desirable that there are no serious competitors, and it is best that this type of business does not yet exist in this region. And it is very important that the entrepreneur himself likes the chosen business.
2. Need to find a prototype company to use as an example.

3. Create a business model for the planned type of entrepreneurship, taking into account:

   • For what range of consumers is the business planned.
   • What is valuable to them in your products.
   • How will it be delivered to consumers.
   • What exactly will customers pay for.
   • What resources are needed to implement the business.
   • What actions are necessary for normal operation.
   • Which partners to do business with.
   • For what and who should be paid.
4. View the business from a financial point of view (initial investment, fixed and variable costs, advertising costs, planned result in monetary terms).
5. Make the first trade.

Sample business plan

Now you can find various small business business plans on the Internet. An example is a shooting range opening plan.

1. The main thing is the choice of premises in a crowded place, ideally - near shopping and entertainment complexes. The more people pass by, the greater the number of those who look into the shooting gallery. If the dimensions of the room suit you (the width is at least 6-7 m, and the length is about 10 m), you can safely start, despite the lack of repair, by tightening the walls with a camouflage net. Rent will cost up to $1,000 per month.
2. It is necessary to buy air weapons - several rifles and pistols. This will require the same amount of money, and the purchase of bullets is about $50.
3. Purchase mechanical targets and thousands of paper targets - approximately $300.
4. Souvenirs for sharpshooters with the symbols of your company - about another 100 dollars.
5. Production of a rack, refurbishment of the room, taxes will require about $800.

With more than 70 visitors a day and provided that each of them makes about 20 shots on average, the amount of at least $ 2,200 comes out per month. And after two months of operation, the shooting range will already pay for itself and begin to make a profit.

Small business is a source of income for those who create it. On the other hand, it is a way to meet the needs of the population in various goods and services. Therefore, the development of small businesses is necessary and beneficial for the whole country.