Supporting Your Small Business PDF Print E-mail
Written by Small Business Management Blog, Small Business Management Info, Marketing and CRM Blog   
Tuesday, 30 September 2008 06:21
Many times setting up small businesses are easy but running them successfully is very difficult. Statistics shows that more than 50 percent of newly formed small businesses do not run into second year – they collapse. Although the major causes for this collapse are poor money management and poor resource management there is one another cause – poor support.

A successfully running small business need plenty of support; support as money, as systems, as workforce, as time and as plans. Money is perhaps the most difficult support to arrange, but once it is arranged you can feel that you are in a better position to arrange all other support. One of the most favorite ways to arrange support is in partnerships or in mutual understandings; you help them and they help you.

With respect to your need of support, they can be of plenty of types – those you need continuously and constantly, those you need frequently and those you need rarely. For supports that you need continuously you should look for buying/arranging permanent and cost-efficient systems which are scalable to your needs. For supports you need frequently, you should look for options like partnerships, pay-as-you-use, and mutual understandings. And for systems that you are going to use rarely, you can afford to plan those with respect to the time of need.

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