The prospects of small business are connected with the understanding of the fact that it occupies one of two niches in the economy. The first of them is the start of new business areas. The second niche is to help medium-sized, but most often large businesses. In our conditions, about 10-20% of small businesses work in the first niche. In the second niche – 80-90% of small businesses.
Small business prospects in the 21st century
In other words, the vast majority of small businesses work as assistants to big business and therefore depend on it. For example, car service centers are assistants to manufacturers of cars and spare parts to them. The sphere of trade is the helpers of producers of goods. Travel agencies are assistants to tour operators. Continue reading