Question

In your opinion, what are the benefits of starting a business? What do you think are the contributions of small/medium businesses in the Canadian economy? Can you think of any other profession/field where similar benefits might be offered?

Answer 1

****Please please please LIKE THIS ANSWER, so that I can get a small benefit, Please****

The benefits of starting a business:

Nothing is better than a private project to improve the living situation and secure a monthly income that guarantees a decent life. When you are responsible for your work, you will not have to bear the consequences of work and jobs from fatigue, exhaustion, and physical and psychological effort, but this does not mean that the private project will be free from trouble and stress, because it needs There is a lot of planning, follow-up and work to ensure its success and brilliance, and it needs to develop a deliberate and realistic work plan in order to be able to start your project and ensure that there are no obstacles, whether material or legal, that prevent you from completing your project.

The benefits of a special project are:

New experience: You gain good experience from managing your own project and it is a good experience for every new project owner. New projects are not always game rooms or skateboards. Rather, it all depends on learning how to get into your favorite business climate. Innovation help in business growth, so a creative workplace is vital.

Among those experiences is that you learn a lot as you place new projects on your shoulders, you may find the job because you have skills, but creating a new project in which you must take advantage of all the information you know and master in addition to skills.

Work is often beyond your responsibilities, so the opportunities for education and growth are interlinked. Entrepreneurs and employees work together and there is no middle management class, so you learn from the best. Business owners work without supervision, make smart decisions, and take responsibility for the results. The opportunity to make progress motivates and motivates them to improve performance to the maximum extent possible. Entrepreneurs can prove themselves smart as they achieve results with new designs and innovative concepts that can attract customer attention.

Creative freedom: You can express your talent and ideas completely freely without the restrictions imposed by the established policies and the need to cross multiple channels.

Earnings: The more successful your project, the more money you can make. While employee salaries generally depend on budget approvals and cost-of-living increases, your salary and income are directly related to your performance.

Job security : Because this is your own project, there is no possibility that you will be fired, fired, or forced to resign.

Pride: This kind of satisfaction stemmed from your knowledge that you created your own business and made it successful through your own efforts.

The contributions of small/medium businesses in Canadian economy:

Canada needs small and medium enterprises to participate in the growth of its economy through the service sector and assistance in the industrial sector as well. The importance of small and medium-sized enterprises or companies appears to be the main nerve of the economy of any country, due to its distinction as follows:

It is characterized by its high ability to provide job opportunities.

The investor need relatively low capital to start a project.

It is distinguished by its ability to employ semi-skilled and unskilled workers.

It provides an opportunity for on-the-job

training to raise abilities and skills.

Its risk ratio is lower compared to major companies.

It contributes to improving productivity and increasing income.

The importance of the presence of small /medium projects:

Small and medium projects provide a lot of low-priced commodities. It may work to meet the needs of citizens for products and commodities that may not be present in the markets surrounding them. It creates jobs for many young men and women and works to reduce pressure on government jobs. Various creativity and innovations abound in the field of small and medium enterprises, as it opens up a lot of areas of investment that operate significantly on the efforts of young people and their experience in work.

Small projects push the productive movement in the country, increase exports, and raise the standard of living and civilization. Starting small projects is not an inexpensive thing for any project. The investor will be confused about projects that suit his capital. There are no conditions for starting a small project on the ground. The start of any small project may be an easy and simple start, as countries are now working to facilitate the start-up of small projects through loans and other means.

These projects may provide transportation to remote locations where they can be distributed geographically in the country. These projects work to preserve the ancient heritage such as handicraft and other crafts acquired by man throughout the ages. These crafts can be preserved through small projects that reside within the country to help all citizens. Small projects offer a lot of innovations and creativity to help the other party acquire and work through it.