Daily Bulletin

Business News

  • Written by Emma Mason

The economic interest, energy, and ingenuity of enterprising business people actively contribute to progress in all areas of human life. Therefore, most developed countries encourage their business in many ways, and particularly, in the registration and taxation of new small enterprises which are diverse in their specializations and directions. If you need to write college essays on various topics, use this link: www.buy-cheapessay.com/write-my-essay.

As the experience of developed countries shows, small to medium businesses play a very significant role in the economy. Their development affects the economic growth of the country, acceleration of scientific and technological progress, production of goods of the required quality, and creation of new jobs. Small businesses can solve many pressing economic, social, and other issues.

In most countries, the state supports small businesses. Entrepreneurship can and should act as one of the factors of intensive economic growth. For the economy as a whole, small companies are an essential factor in increasing its flexibility. International experts determine the country's ability to adapt to a changing economic environment by the level of the development of small business.

Small Business in a Modern Economy

Entrepreneurship is a type of business activity aimed at making a profit. It is based on self-initiative, responsibility, and innovation. The initial stage of entrepreneurship is usually associated with an idea.

Small business needs an innovative aspect, be it manufacturing of a new product, a transformation of business activity, or the foundation of a new enterprise. A new system for managing production, supervising product quality, and implementing new technologies are also innovative solutions.

The central part of a small business is the entrepreneur. Among the most important goals of a business owner are producing new products and services, earning money, gaining prestige, and developing their venture. The entrepreneur must interact with consumers, as well as the state, which can act as a supporter or adversary.

Consumers play the role of an indicator of the business process. Everything that makes up the entrepreneur's activity is relevant only in case of a positive reaction from customers. Their attitude is reflected in the readiness to purchase a particular product. The business people, when planning and organizing their activities, can in no way ignore the moods, desires, interests, expectations, and evaluations of consumers.

Key Features of Small Business

The most evident feature of small business is a relative autonomy and independence. The internal motives of entrepreneurs are driving their behavior and actions. Each person, when becoming a businessman or a businesswoman, independently solves all the issues related to their venture, taking into account the economic benefits and market conditions.

The principles of personal economic interest and responsibility are closely tied with the entrepreneur's independence. Profit is a driving force for business, but every company has to work for the society, besides pursuing individual interests. In current conditions, the personal goals of an entrepreneur are intertwined with the collective interest of an enterprise.

Being independent, the small business owner assumes personal responsibility for the result. Also, individual interests, in combination with responsibility, force an entrepreneur to work in harsh and time-consuming conditions.

We can't imagine business without innovation and creative exploration. Only those who provide a high quality of products and services, and continuously update their products can work effectively. An ability to wisely assess the situation, make innovative decisions, and invent creative approaches is always highly appreciated in the business world.

Another characteristic of small business is an economic risk. This risk always accompanies entrepreneurs while provoking the need to think, analyze, and act in a particular way. The market conditions require companies and people to be efficient, dynamic, and competitive.

How Do States Support Small Business?

In general, countries with developed market economies attach special importance to supporting small businesses. When analyzing the experience of the USA, Great Britain, Germany, Japan, and also former socialist countries, such as Hungary and Poland, it is fair to claim that measures were undertaken everywhere to improve the self-development potential of small companies.

Writers Wanted

Kylie Moore-Gilbert has been released. But will a prisoner swap with Australia encourage more hostage-taking by Iran?


Ancient Earth had a thick, toxic atmosphere like Venus – until it cooled off and became liveable


Not just hot air: turning Sydney's wastewater into green gas could be a climate boon


Nisbets’ Collab with The Lobby is Showing the Sexy Side of Hospitality Supply

Hospitality supply services might not immediately make you think ‘sexy’. But when a barkeep in a moodily lit bar holds up the perfectly formed juniper gin balloon or catches the light in the edg...

The Atticism - avatar The Atticism

Buy Instagram Followers And Likes Now

Do you like to buy followers on Instagram? Just give a simple Google search on the internet, and there will be an abounding of seeking outcomes full of businesses offering such services. But, th...

News Co - avatar News Co

Cybersecurity data means nothing to business leaders without context

Top business leaders are starting to realise the widespread impact a cyberattack can have on a business. Unfortunately, according to a study by Forrester Consulting commissioned by Tenable, some...

Scott McKinnel, ANZ Country Manager, Tenable - avatar Scott McKinnel, ANZ Country Manager, Tenable

InteliCare triple winner at prestigious national technology awards

InteliCare triple winner at prestigious national technology awards Intelicare wins each nominated category and takes out overall category at national technology 2020 iAwards. Company wins overal...

Media Release - avatar Media Release

Arriba Group Founder, Marcella Romero, wins CEO Magazine’s Managing Director of the Year

Founder and Managing Director of the Arriba Group, Marcella Romero, has won Managing Director of the Year at last night’s The CEO Magazine’s Executive of the Year Awards. The CEO Magazine's Ex...

Lanham Media - avatar Lanham Media

5 Tips For A Successful Blog Layout

There’s far more that goes into making a blog successful than simply having a way with words. How you display your content will have a huge impact on how easy it is to read, and whether people a...

Wayne Burden - avatar Wayne Burden

The Conversation


Prime Minister Interview with Ben Fordham, 2GB

BEN FORDHAM: Scott Morrison, good morning to you.    PRIME MINISTER: Good morning, Ben. How are you?    FORDHAM: Good. How many days have you got to go?   PRIME MINISTER: I've got another we...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Kieran Gilbert, Sky News

KIERAN GILBERT: Kieran Gilbert here with you and the Prime Minister joins me. Prime Minister, thanks so much for your time.  PRIME MINISTER: G'day Kieran.  GILBERT: An assumption a vaccine is ...

Daily Bulletin - avatar Daily Bulletin

Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion