How to start a SMEs business❓

How to start a SMEs business❓

What are SMEs? I believe that many people have questions and doubts about the meaning of SMEs business, which may have heard of the name. Or are you a new businessman who wants to invest and make money, earn 10 million or 100 million from investing in business, but may not understand very well what SMEs are today, so we have good knowledge about Doing SMEs business, let's talk about what SMEs business is and if you want to be SMEs businessmen, what should you do?

What is an SME business?

SME business comes from the English word Small and Medium Enterprise, which means small and medium enterprises. according to the meaning in Thai language itself which people tend to call SME or SMEs until they are accustomed to small business It is a business that operates both in the production and distribution of small scales. It's an independent business. low investment budget And only a few employees are hired.

The advantages of SMEs

Because SMEs are small businesses that do not require much investment. As a result, there are many new generations who dare to create new products for the market, which sometimes large business groups do not want to risk doing. SMEs are businesses that help create jobs and generate income. with people in the country It is another way to create economic growth for the country. In addition, SMEs are also an opportunity for people who want to have their own business. And it is a business that has the potential to grow further in the future as well.

Characteristics of general small SMEs businesses

1. The sales volume is low.

2. Have their own skill and experience in customer service

3. Providing services in a private manner

4. Convenience

5. Able to adapt to local needs

6. Highly motivated

7. Have flexibility in management

8. Low operating costs

SMEs businesses can be divided into

SME business or small and medium enterprises It can be divided into 3 main types:

1. Product manufacturing business, i.e. the manufacturing industry of all types of products. All types of agricultural products processing industry community enterprise household industry

2. Service business, i.e. education business Healthcare, entertainment, transportation, real estate Construction business Hotel and dormitory business, restaurant, tourism business

3. Wholesale and retail business can be divided into two types: wholesale business, which is the sale of goods or services in large quantities; for resale or for use in business, industry, but does not focus on selling to the general public Retail business refers to the sale of goods or services to the general public for consumption or personal use.

📍What qualifications do SMEs entrepreneurs have?

1. You must always look for opportunities. Be the first to think and act.

2. Dare to take risks Even though I can't know when doing it will produce results. which may be successful or may fail But refusing to act would mean closing the opportunity.

3. Have innovative ideas A new creative idea that no one has ever thought of before will make something new happen.

4. Have patience. Success may not come easily. but because of learning from the failures that have been received and then bring to improve

5. Have a long vision Know how to anticipate future possibilities. and then take steps to reach the destination

If you want to be a businessman for SMEs, how do you start?

1. Choose a business that they are interested in or have sufficient knowledge in the business that they want to do. However, it should be borne in mind that the business that they are interested in will go with the market or not. How much is the chance to survive in the market?

2. Know your competitors and the market well. Study how many competitors do the same business as us. What is unique about each of you? Know how to market your competitors. In order to be analyzed that if we think of doing this business, we will be different from other businesses that have been done before. so that we can draw out the strengths that we have as a selling point

3. Think about marketing to make the product reach the target audience. To reduce the time and expense of non-target groups to sell our products. Therefore, we should first get to know who our target audience is and how to plan a marketing plan in order for our products to really reach the target audience.

4. Prepare your investment budget which you do not need to invest all by yourself but may use SME credit services to have financial liquidity So that you have a reserve fund to pay in case of emergency. You can apply for SMEs business loans from many agencies that support. which there are many whether Other SM loans, loans for SMEs, Government Savings Bank, Krungsri SMEs loans, etc.

📍 Problems and limitations of SMES business

Problems and limitations of small businesses

1. Marketing issues

2. Lack of funds

3. Labor problems

4. Problems and limitations in production technology

5. Management restrictions

6. Problems of access to government promotion services

7. Problems and limitations in the service of promotion and development of public and private organizations

8. Problems limiting the perception of information

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