Using old method in a small scale business (developing countries)

[abhiseshakana]

The food making or food industry will never get old. It's there to stay and in this pandemic, a lot of small food business has been established. From food deliveries and ready-to-eat food has been raking a lot and increased its demand due to home quarantines.

What I can suggests to small businesses that wants to stay making profit these days is always focus on the people's necessities like food. I agree, this will never gets old as people needs to consume food everyday, what you can do is to add a flavor that the people want. I've seen some home made food and snacks being sold online since stores are still close up til now, when there's a will there's a way.

It's a necessity and it's been pointed out. The type of food will depend on the demand so for those who are in this business or just starting out. They have to know what's the demand in their target market location. It's an important matter so they will know what's the best food that the customers are looking for.

This is the role of technology. One economist in my country gave his insight on the development of small and medium food industries that could be used as an alternative solution to solve the problem of unemployment booms in my country during the Corona. All of the problems you mentioned above can be accommodated by sharing data between market places and transportation service platforms such as uber (uber food).

In my country, the small and medium business sector is the sector that absorbs the most labor. The government has demands to provide jobs for reversing the economic curves of countries and individuals. The government can request data contributions from unicorns to provide 10% -20% of the most popular food vendors (with the highest demands and repeat orders) in their applications. With government assistance, productive small and medium businesses are supported in order to expand branches on a national scale. Opening many new branches will open up employment opportunities and drive the economy.

Government support can be done by providing easy licensing support as well as by printing money for business expansion but with close supervision so that money is used for business development not to save or buy assets. We take for example in my country fried catfish is a food that is easily found along the road, fried catfish will be used as a mainstay menu (cheap and tasty) in a restaurant X recommended by applications such as Uber-food. Restaurant X is supported to open branches in many cities and fried catfish menus are promoted to boost the post-corona economy. This action besides opening new jobs, also turning the economy to new branch infrastructure facilities and other industries that support restaurants, ranging from livestock farming to the animal feed industry is also moving.

[beerlover]

Food is something that would never get old but also there is a lot of competition so it is harder to make it in the business. Just because the food business overall will always prevail doesn't mean that one shop that sells some food would prevail as well, that might bankrupt pretty quickly because there is 5 other food places (not same food but just food in general) around them. That is why food business is not always a good idea to go into right away.

I have checked Burger business for example, one of the things I want most in life to have a burger shop but when I looked at it I realized that I need to sell at least 30 burger menus every single day to just break even, and that is to break even, I need to sell 50 menus to make it sustainable. Is that doable? Sure it is, McDonalds here sells hundreds, but doesn't mean it will be piece of cake to do it neither.

[Barnabe]

Food is something that would never get old but also there is a lot of competition so it is harder to make it in the business. Just because the food business overall will always prevail doesn't mean that one shop that sells some food would prevail as well, that might bankrupt pretty quickly because there is 5 other food places (not same food but just food in general) around them. That is why food business is not always a good idea to go into right away.

I have checked Burger business for example, one of the things I want most in life to have a burger shop but when I looked at it I realized that I need to sell at least 30 burger menus every single day to just break even, and that is to break even, I need to sell 50 menus to make it sustainable. Is that doable? Sure it is, McDonalds here sells hundreds, but doesn't mean it will be piece of cake to do it neither.

It is a noble and honest profession and business, the only problem I have with it (other than being bad at cooking  ) is that these kind of businesses are hard to scale. When you want to expand, you will have to take much more risk because you will have to increase your fixed expenses by a lot. This means that some situations could be profitable as an owner before will not be anymore (because as an owner you could be flexible on how much you value your time, but this is not the case with another employee).

[Shasha80]

With many companies firing employees, small business can be an alternative to making money in a situation like now. In my country,
food making is a favorite choice for small businesses that can be done, because the capital that must be required is not large and also
demand for food is quite high. But only a few are able to survive, usually constrained by poor financial management the main cause.
Hopefully the government can support small business by providing business training and also providing capital assistance for the poor
population. In order to start a business and be able to have an income, so that the country's economy can also rise.

[The cure]

During these season having a small business will be of great help for us to survive, because it doesn't require large capital to start. Like food making is one the best choice.

[thesmallgod]

You have already spelled out all the possible reasons why SME is facing a setback. In addition to your own view, most people that are involved in SME do almost the same business because it is lucrative and people don't want to risk their little capital trying a new business. However, many of these SME owners create the business for self-sustainability alone and they do not have long term plan for the business and this is the reason why they always stick the old method of doing business without considering exploring other options

[JoMarrah Iarim Dan]

Small scale businesses has a high share in businesses that can be seen in nation that are developing. Small scale businesses has become many families lifeline of survival. Small scale businesses like
+ Photography
+ Tailoring
+ Food making
+ Petty trading
+ Local/unmechanized agriculture.  And more.

As of what I have observe, in our province there are more online sellers add its number after the ECQ,GCQ then a week later sellers turns into barter. It is very trending now. It becomes our way of getting groceries to different things that we barter. It becomes our hobby and business everyday to deal something and then meet up.

[Findingnemo]

Any kind of business bring income to the government because government will collect tax for what people spend so if people spend on small company or buying from big companies doesn't matters but the middle man is the reason for prices to hike up from manufactured cost so buying directly will help the consumers.

Now sites like Amazon helps the manufacturer and the consumer to contact directly so middle man can be completely avoided.

[slaman29]

Any kind of business bring income to the government because government will collect tax for what people spend so if people spend on small company or buying from big companies doesn't matters but the middle man is the reason for prices to hike up from manufactured cost so buying directly will help the consumers.

Now sites like Amazon helps the manufacturer and the consumer to contact directly so middle man can be completely avoided.

This is the problem about developed countries but at least in developing countries as far as I know the tax authorities don't go down hunting the small scale guys we're talking about here. Street performers or peddlers or whatever, they don't even make minimum wage so the tax guys don't even look at them.

[sheenshane]

Small scale business is an independently owned and operated company that has limited in size and in revenue depending on the industry. Such as food trucks, t-shirt printing, car wash, tailoring, sewing and alteration specialist, laundry services, and online selling which today's most popular small business.

IMO, this kind of small scale business is not that bad, because using old method in a small scale business is important nowadays. It helps the family to support their needs. Although it's small, it helps with day to day life. Because small business when it's hard work, it will grow ahead and probably you might help the economic growth through your tax paid to the government.

[AakZaki]

With many companies firing employees, small business can be an alternative to making money in a situation like now. In my country,
food making is a favorite choice for small businesses that can be done, because the capital that must be required is not large and also
demand for food is quite high. But only a few are able to survive, usually constrained by poor financial management the main cause.
Hopefully the government can support small business by providing business training and also providing capital assistance for the poor
population. In order to start a business and be able to have an income, so that the country's economy can also rise.

Making and selling food is a basic need that is much sought after and sought after by people. The capital needed is indeed not too large. With a small initial capital can get quite a lot of benefits if you are smart in managing the food and able to promote it.
Current promotions can be done easily with social media, or can be promoted through GRAB and other online courier services.

Related to the problem of lack of capital, small businesses can get capital assistance by making special loans to SMEs so that it will not be so burdensome for capital problems. Then financial management issues must be taken into account and calculated.

[el kaka22]

The reason why the small nations do not really go after the people who avoid taxes is the fact that usually small nations are not run properly by the right politicians.; which means they rather make people be in debited to them in order to give them bigger debt relief so that they would be siding with them.

Power of a media channel (newspaper, television, radio basically anything) being in ton of debt in taxes is very important for governments, that way they can remove all the tax debt they have in exchange of making them look good on media and getting more votes in return. That might mean people will not be living a better life but at least people in power will stay in power and that is the only thing they care about. This is the reason why we do not have fair democracy in many parts of the world because democracy only happens when everyone is in equal chance in the race of elections.

[Findingnemo]

Any kind of business bring income to the government because government will collect tax for what people spend so if people spend on small company or buying from big companies doesn't matters but the middle man is the reason for prices to hike up from manufactured cost so buying directly will help the consumers.

Now sites like Amazon helps the manufacturer and the consumer to contact directly so middle man can be completely avoided.

This is the problem about developed countries but at least in developing countries as far as I know the tax authorities don't go down hunting the small scale guys we're talking about here. Street performers or peddlers or whatever, they don't even make minimum wage so the tax guys don't even look at them.

That is why many countries are still in the developing stage, tax money is more important so if people are not paying their taxes and government officials don't care about them is the primary reason for a country's backlog.Literally every citizen have to pay tax and they are paying while they are buying something itself, but one who makes money through business and crossed the tax limit should pay the taxes.