Till now, Indian population is increasing day by day then growing market day by day. When size of market is increasing day by day then along with growing economic problems in the economy. With the development of the industrial sector it is very helpful for the economic development of the country.
Seed bed refers to preparing the soil for sowing of seeds for a good crop. In the same way, Small Business as a Bed of Entrepreneurship means that when any person start the business then always start the business in a small scale. When he starts the business in a large scale directly then he can’t more successful in the business. But when his family background business then he is very helpful to achieve more success. Small scale sector place a prime importance in the industrial sector. Small business requires low investment, simple technology, to meet only the local demands.
Seed bed refers to preparing the soil for sowing of seeds for a good crop. In the same way, Small Business as a Bed of Entrepreneurship means that when any person start the business then always start the business in a small scale. When he starts the business in a large scale directly then he can’t more successful in the business. But when his family background business then he is very helpful to achieve more success. Small scale sector place a prime importance in the industrial sector. Small business requires low investment, simple technology, to meet only the local demands.
Small business serves as the seed of entrepreneurship due to following reasons:
· Less capital requirement
· Low risk
· Local resources
· Labour intensive technology
· Balanced regional growth
· Environment friendly
· Help to large industry
· Easy modification
· Creativity
To start the business following items are required:
- Technical knowledge is necessary.
- Adequate finance is required.
- Proper plan
All the facility provided in the business like supply of raw material, transport facility, or many more facility which is necessary in every business.
