When we talk about a small business, many people in India think it is a small manufacturing unit or a small retail store, which is not true. Professional small and medium businesses are different from traditional SMBs in many ways – working styles, approach, operation, systems, procedures, etc.
Today, professional small businesses are major players in the growth of Hyderabad city’s neighbourhood economy. They leverage existing infrastructure; they do not require investment of scarce tax revenue and almost immediately boost city tax revenues. For Hyderabad city to grow and develop, new small businesses are needed
Today, more than anything people want good jobs. A good job is the key to a successful life and bright future. Local leaders and neighbourhood elders should actively work to encourage and guide entrepreneurs create new jobs around the neighbourhood. Know what a good job is and how local leaders can help.
It’s a known fact that small and medium businesses, not big businesses, are capable of providing jobs to lakhs of young graduates and create vibrant neighbourhoods in cities. But many potential entrepreneurs are not willing to set up businesses. Know why they are not interested and what government can do to encourage them.