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Small business
SMALL BUSINESS

Definition: A business with a small number of employees.
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* All ten or eleven elements, as applicable, should be in.


1. Purposeful and necessary, whatever the concern is engaged in.

2. Registered appropriately with all the relevant agencies.

3. Fulfilling all legal obligations - to the regulators, taxman, etc.

4. Meets all its corporate responsibilities to staff, clientele, etc.

5. The workers are not likely to face retrenchment or redundancies.

6. Does best practices and operates total quality management.

7. Employees will be loyal, not thinking of sabotaging organization.

8. Does not make a loss at the end of financial year. (To emphasize.)

9. Serves purpose(s) and achieves goal(s) for the proprietor.

10. Can be made to grow bigger - PLC (?) - to employ more workers.

11. If business is profitable and it is affordable, performs some corporate social responsibility. (To emphasize.)
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See perfect GOING CONCERN.
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See perfect JOB SATISFACTION.
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See perfect EMPLOYEE ENGAGEMENT.




Quote: "Industry is the soul of business and the Keystone of prosperity". - Charles Dickens.

Quote: "In the business world, everyone is paid in two coins; cash and experience. Take the experience first; the cash will come later". - Harold Geneen.

Quote: "Inflation and poor access to finance will affect how quickly, and how much, small firms can grow and create jobs". - John Allan.

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