SMALL BUSINESS AND BIG BUSINESSES

        Small and big businesses are two different organizations and they differ in size, scope of work and operations of their business. To exemplify, small businesses are usually owned by a small group of people and has their typical client profile while bigger businesses are mostly owned by corporations and have bigger tasks. How these two  bussineses vary from one another, in means of size, their scope of work, and operations will be discussed further.

       To begin with, the most well-known and obvious difference between the two types of businesses is the size. The company size is generally associated with the number of employees who work there, along with the number of departments and how big the headquarters are. Usually, if a business has fewer than five hundred employees, it is called a small business. Small businesses are run by one of a few more people who oversee management, accounting and all the other departments they should have. On the other hand, larger businesses hold numerous workers for each department and their way of management is a lot more complex because there is more than one person that can decide whether if something is beneficial for the company or not. Also, small businesses also have smaller headquarters compared to big businesses.

       Another significant difference between them is their operation scope which indicates the area of work specific to each company. Small businesses are usually localized in one certain place, they have a certain level customer base, and they serve in a quite limited area of customers. In contrast to this, big businesses are often globalized as well as serving a wider area of customers in the world. Small businesses product variety is less than big businesses.

       Furthermore, small and big businesses additionally differ in means of economy. Small businesses have less recourses than big businesses. They also do not have many funding which makes them hard to grow and become a big, worldwide business. Meanwhile big businesses can access to investors, they have a wider network, banks and other rich resources that can enhance the company’s growth and provide an opportunity to operate easily.

       To sum up, both small businesses and big businesses can grow in their own ways. Although, they vary from each other in several ways. Some of these differences, how they differ in size, operational scope, and their financial states had been discussed above. It is safe to say they both have their advantages and disadvantages and each one of them play a part in their country’s economy. At the end of the day, there is one thing that should not be forgotten; every big business comes from a smaller one and every small business has a chance to be the best one.