Smaller businesses and start-ups have more scope for professional growth.

Hi friends, I won't agree with "smaller business and start-ups have more scope for professional growth" as in small start-ups whether you talk about risk, technology, or any other resource, there are constraints for them. One cannot grow professionally until the person have faced risk or is prone to take decisions in risky situations and have access to latest technology so that he/she can update themselves time to time.

Hi. I just came across this group discussion, and I would like to share my opinion regarding this subject.

I firmly believe for the business to grow well the idea/plan/product one proposes to the market has to be unique to the target market and must distinguish itself from the competitors.

And secondly in my opinion if the entrepreneur is new to the field of business it's always good to start from a smaller business as one can have a wider scope for the self improvement, in terms of planning, directing, controlling and decision making in turn tuning him to excel him in the profession leading to his/her professional growth.

So the strategy is :

INITIALLY BE A SMALLER FISH IN THE BIG POND AND WITH THE GROWTH BE A BIGGER FISH.

This is actually a remarkable statement and I agree with every aspect of this statement "smaller business and start ups have more scope for professional growth". A business at small scale let you to emerge out as a proficient and their are less chances of huge failures. Moreover, one can learn real techniques to run any type of business if he/she starts from small concern. As far as money making is concerned, business nowadays has a lucrative scope in India.

Whatever you decide to run, just be sure that you have enough resources and confidence to run your business at your own.

Some of my friends above seem to be very dissatisfied with the given issue. According to me, its very simple to understand the fact that if you are not a proficient in this field you better start with a smaller one. It will help you develop your skills, techniques, confidence to face ups and down, etc.

You can idolize any business tycoon namely Ambanis, Birlas etc. Everyone of them started with a smaller concern.

Hello friends, According to me smaller business and start ups have more scope, reason behind this is to start a small business you need not require too much fund for it so no debt pressure and interest burden will be there. As well as requirement of staff will also reduce. So the decision effectiveness will increase. And other extra expenses will not be there.

And by starting a small business you can gain knowledge in that area. And by understanding the strength and weakness you can put more investment.

Hello friends, I think its very good topic for discussion. I agree that there is 'smaller businesses and start-ups have more scope for professional growth'. Because I think if people start from zero i.e. any small business then people are very focused to their aim or on growth. There are many points for to achieve great success in life. In life may have bad experience but people learnt a lot from that and develop their self & got an idea how to do work on business. I think this struggle and experience get a lot to make a man successful.

In my opinion definitely smaller business and start ups have a good scope for professional growth as majority of the Indian population is middle class and thus they have a limited purchasing power. They prefer to go for products and services which falls within their range.

While most of the large business set ups sell their products at a price which is above the budgets of the common class. Greater initiatives by the government like the"Make in India" programs further encourages the people to start businesses and again as most of the Indian population is middle class they have limited capital to start with.

Hello friends,

I would like to share my view.

Small/start up company provides a good chance for the professional growth. But it also lacks the exposure for modern technology and management. I am working on a MNC and dealing supplier.

What I have seen is the broad vision and exposure to the modern technology, management or concept which you get in a larger MNC is certainly missing.

When it comes for family run business, you generally takes the learning front your elders which is most of the time is last generation thinking.

I am not against the start up companies. Certainly you get more learning from the small companies, which you can never get in a large MNC.

But you need to get exposure to the larger MNC by which you can harness your skill on long term thinking, vision and strategy. Also need to spend time and energy on training. Spend few pennies on people development and continuously update along with the industry.

Every business starts with an initial creative idea. When idea is converted into action a business is established. Starting a small business with minimum capital is the best option because their is minimum risk. The preferences of the consumers cannot be predicted due to the diverse competition in marketing world. They can switch from one product to another so investing huge amount of capital is worthless without knowing the outcome.

Hi, I am aashish bhutada.

Problems regarding thinking any start up is, product brought into market is already being set up by some other which is already running on large scale.

So how to tackle it sir.