Small businesses are on a rise as more and more people want to start their own business and follow their heart. Many people have dreams to start their businesses but due to various reasons they end up with a regular job. The main reason for people not starting their own business is the fear of failure and family pressure to support them with regular income. However, in the last decade or so many people are following their heart and starting small businesses instead of joining a regular job.
Today’s youngsters prefer to sacrifice couple of years and regular income to start their own business. They are confident though initially small businesses might not be taken seriously by anyone including their own family, they can develop their business and establish it. Many people take advantage of their lay offs and try their hand on various businesses as they do not have a job. This is especially so for people who can afford to invest a small amount in a business as they have nothing to loose.
In many countries, Government also encourages certain businesses and grants loans and other benefits. In developing countries, there are many banks which help set up small businesses once they are convinced about their business plan. Small businesses are encouraged in many developing countries, as they help provide employment and help the industrial sector.
Unlike the previous generation, parents also encourage children to go after their heart and help them to start small businesses. This boosts the confidence of the youngsters to achieve higher level in their business. Many people have scaled great height by following their dreams and establishing their business.