🤵 ​Prospects for small business development

❕ By studying the prospects for the development of small businesses and analyzing foreign and domestic experience in the development of small businesses, one can point out the following advantages:

    1. Greater independence of actions of small businesses;
    2. Faster adaptation to local economic conditions
    3. Relatively low costs, especially management costs
    4. Flexibility and efficiency in making and implementing decisions
    5. A great opportunity for an individual to realize his ideas and demonstrate his abilities
    6. Lower capital requirements and ability to quickly introduce changes in products and production in response to local market demands
    7. Simplified accounting of the business activities of the enterprise
    8. Relatively higher equity capital turnover
    9. Concentration of the entire amount of profit received in one hand - the owner of the enterprise, etc.‌‌