If you actually have the capital and resources to start your business in a very big way, I don't see any reason why you should start it in a small way but if it's when you are trying to cope and manage, I believe that starting in a small way is more advisable.
Why Starting at Small Scale is a better option?
- Thread starter Hate2Wait
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starting at a small scale is not a bad idea especially if you do not have a lot of money. But if you have the money to start in a larger scale it will be more profitable if you have enough knowledge of how the business works.
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- #24
I will still go for small scale unless I am dead sure about the profitability of the business and better to take calculated risks
Not everyone has that patience to start small. Imagine you meet an investor that is willing to invest money into your business, you would tell the investor to start small. That's why there are consultants. Pay them up to come and help run the business so it would not fail.
its always better to starting in small scale when you dont have someone or investors who willing to give you a big capital to do business. i started my own business in small scale and its my 5th years running it and we survived covid19 so far and i dont have any debt to anyone
That's commendable. And I am sure you know the things that you didn't know about the business 5 years ago. And as you grow , you are gaining more experience that would help you push further. Slow and steady wins the race.
I can feel you with your thoughts about it. I also think that it is better to experience a business that starts in a small-scale. Then, I can witness how it will prosper to a bigger scale and so on.
