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A small business, on the other hand, is a privately-owned enterprise with the sole aim of making a profit right from the onset. While a start-up is one that searches for a business model that works down the line, small businesses work with a business model that has been working for over a while. Startups aim at taking over the market and this comes with a whole lot of effort, of which most won’t yield desired results, while a small business just fits into any reachable market and efficiently serves those within the market. Here are a few reasons you should go for a small business rather than a startup.
- Building a small business doesn’t require so much investment as compared to a startup
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- Building a small business has a lower risk than startups
- Building a small business comes with an assurance of making a profit even from the onset
- Running into debt happens more in building startups than in building a small business.
- A small business can eventually become a startup, it can become an immensely large organisation, also depending on what the founder wants.
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