TOZZIBLINKZ
VIP Contributor
Many small scale business owners have the sole vision towards their business to increase it by going into large-scale business . For this to be possible the business owner must put some factors into consideration . Initially the business owner might run a small scale business to see if what his or her business has to offer is among the pressing need of the public , and after making and analyzation the individual might then decide to turn his small scale business into a large one provided there is availability of capital and the business objective is a positive one . Below are the major determinant a business owner must consider before turning a small scale business into a large one :
THE MARKET : the size of the population and inhabitants surrounding a particular small-scale business which constitute the market influences it potential to go into large scale , if the market is small in terms of effective demand the operation of the firm is bound to be small but if the market is huge the firm scale is bound to the large.
OWNER'S ABILITY : the owner of the firm must have the ability to undertake risks and to manage his or her business if it goes into large-scale . the ability to undertake looks and to manage large-scale business is an important factor that determines the size of a firm . A firm will only grows depending on the knowledge and experience needed for planning the operation provided by the owner of the firm.
THE MARKET : the size of the population and inhabitants surrounding a particular small-scale business which constitute the market influences it potential to go into large scale , if the market is small in terms of effective demand the operation of the firm is bound to be small but if the market is huge the firm scale is bound to the large.
OWNER'S ABILITY : the owner of the firm must have the ability to undertake risks and to manage his or her business if it goes into large-scale . the ability to undertake looks and to manage large-scale business is an important factor that determines the size of a firm . A firm will only grows depending on the knowledge and experience needed for planning the operation provided by the owner of the firm.