Can You Get Rich with a Small Business?

[Golden9]

Not everyone has a lot of money to put into a business, and it's only a few that get that lucky stroke to make it big out of nowhere like Facebook or Amazon.
Is it possible to become wealthy just by having a small business? What's the secret to employ for that?

 

[Springtime]

That depends on how you define "rich". I think a small business can make good money and profits if it is the right product/service which meets with the needs of target customers.

 

[cherry123]

Not everyone has a lot of money to put into a business, and it's only a few that get that lucky stroke to make it big out of nowhere like Facebook or Amazon.
Is it possible to become wealthy just by having a small business? What's the secret to employ for that?

I think a small business should think more of growing it than looking to be rich. Wealth can come later.

 

[hastral45]

It is possible to get rich through small businesses. Little drop of water makes Ocean. Through dedication and seriousness, one can become rich.

 

[averygirl]

If your small business is promising and has potential to expand and grow it can make you rich in the future

 

[cherry123]

If your small business is promising and has potential to expand and grow it can make you rich in the future

A lot of conglomerate today were once small businesses. The thing is to first grow the business to enable it stand first

 

[Suba]

I think you have the wrong goal of getting rich when running a small business, and maybe you can engage in dishonorable practices such as stinginess with employees, or violating government laws, So as a small businessman you should focus on how to run your business smoothly and your product will liked by many people.

 

[Passiveearner]

I think a small business should think more of growing it than looking to be rich. Wealth can come later.

I think that it could be possible to become rich with a small business. There are many shopkeepers who have small shops but they make good money out of those shops.

 

[nomad]

Apple is a 2 trillion dollar company. However, it was started in a garage. I hope you understand what I am trying to say.

 

[eldavis]

Indeed its very possible to get rich with a small business, but the issue here is what business are you going into? I have seen cases where businesses started small turn out into something really big.

 

[Niyi Briggs]

A business doesn't have to be mega before it pays you and makes you wealthy. I have seen people that get wealthy from just selling of water.

 

[Shavkat]

There are some tycoons that started having small-scale businesses. We cannot underestimate the fact that they can feasible if the owners know what to do with their small businesses in the market.

 

[LoukiaCharilaou]

It does not matter if your business is small. You can still get rich. The key is to have the right products at good prices and promote your business very well.

 

[cherry123]

it is possible it isn't about the size of the business but the profit the small business is bringing. if it brings good profit daily you are sure of making your profit

 

[uptrendfinancialsignal]

You can extremely get rich with small businesses depending on the turnover rate.

 

[cherry123]

Yes it isn't about the size but how much sales and profit you are making daily. I know of some people that are making good money off their small businesses

 

[Reedex]

It is possible to Rose to stardom by executing small businesses once you can manage it well.

 

[Chibson]

It is very possible to get rich with a small business. If you have good business knowledge and experience you can make profits from the business and expand.

 

[IB D]

It is not about the size of the business but the effectiveness of the business. There are small businesses that are money spinners and can make someone wealthy, not just rich.

 

[Chibson]

It is not about the size of the business but the effectiveness of the business. There are small businesses that are money spinners and can make someone wealthy, not just rich.

Probably, you are correct on this but most times if your business is big you will make more profit. the reason is because you have more effectiveness and disposable capital.