Small home businesses are the key to overall growth for India
Small home businesses are the key to overall growth for India
Developments in technology and emphasis on malleable lifestyles have made home business a prevalent choice for many people.
For:
- Usually huge amount of costs are involved while opening up your own business, while starting something at your home will help in reducing the costs to a great extent
- Small home based business also require to employee a few people which will help in reducing unemployment as well as poverty
- There is flexibility in the working hours and especially for women its easier for them to maintain a balance between their family and work
- The revenue generated from the business will be added to the revenue growth of the country as well
Against:
- There are en-number of distractions involved while working at home which will reduce the efficiency in work
- It takes long to set up home based business as the process of setting up and marketing their business
- The revenue generation is slow and also less, plus you also have to pay to the employees hired as well
- Everyone does not has the availability of space to start a new business
Conclusion:
- As said, everything has its own pros and cons, small home based business will definitely contribute to the overall growth for India.
Discussion
- RE: Small home businesses are the key to overall growth for India -Rajani Sharma (12/30/13)
Small home businesses are the key to overall growth for India
For:
- Small scale business have contributed around 50% of the total employment generation.
- Small scale business does not require huge amount of investment in starting up as compared to large business.
- Such businesses help in reducing employement and poverty.
- There is flexibility in the working hours thus making it easier for women to maintain a balance between their family and work.
- It act as an essential medium for the efficient utilization of the skills as well as resources available locally.
- The revenue generated from these will add to the total revenue growth of the country as well.
- This helps the various sections of the society to hone their skills required for entrepreneurship.
- In order to promote small home businessess government has also eased the rules and regulations.
Against:
- In small home businesses the efficiency in work is not up to the mark as there are number of distractions involved while working at home.
- The time period for setting up home based business and marketing of the same altogether takes lot of time.
- The revenue generation from the business is slow and less.
- Scarcity of space to start a new business at home is also an another problem.
