Carpon
Valued Contributor
A micro business is a small business set up that operates on a small scale. It will certainly have a small capital and therefore the profit that will be obtained will not be comparable to that obtained from a mega business. So as a micro business man that wants to make huge profit, how do I work toward expanding the scope of my business and transforming it from being a micro to becoming a mega business with a lot of patronizers and profit margin.
Well, this is a step by step movement and most be taken wikt carefulness, commitment, dedication and precision. First of all you must be able to perform well in your micro business before thinking of expanding and transforming it into a mega business set up.
Your savings will determine what your level of progress in the current business looks like which will facilitate in your thoughts of expanding the trade.
Weigh your ability to handle the work and also seek advise from persons who are flourishing already and as well began from being samll scale business people to owning large stores and running internationally recognised brand of businesses.
Avoid rushing into something you cannot control to avoid crashing the little you have at hand but work assiduously to see that you increase the scope of your business income.
Then once you ascertain your status you can decide to rent a bigger store if possible and widen the range of goods you provide. At some point you may need to hire some trusted workers as the business keeps moving and in no time you will discover that your micro has turned into a mega business. It is indeed a gradual process and much patience is required. Keep it in mind that you might be faced with bad situations but the pain you bear today and now will be the gain you'll have and enjoy tomorrow.
Well, this is a step by step movement and most be taken wikt carefulness, commitment, dedication and precision. First of all you must be able to perform well in your micro business before thinking of expanding and transforming it into a mega business set up.
Your savings will determine what your level of progress in the current business looks like which will facilitate in your thoughts of expanding the trade.
Weigh your ability to handle the work and also seek advise from persons who are flourishing already and as well began from being samll scale business people to owning large stores and running internationally recognised brand of businesses.
Avoid rushing into something you cannot control to avoid crashing the little you have at hand but work assiduously to see that you increase the scope of your business income.
Then once you ascertain your status you can decide to rent a bigger store if possible and widen the range of goods you provide. At some point you may need to hire some trusted workers as the business keeps moving and in no time you will discover that your micro has turned into a mega business. It is indeed a gradual process and much patience is required. Keep it in mind that you might be faced with bad situations but the pain you bear today and now will be the gain you'll have and enjoy tomorrow.
