what are the advantages and disadvantages of small business

Lower overhead costs. This is mainly because most small businesses are strapped for cash and would prefer not to add another salary to the payroll. A large company may be able to negotiate much lower prices by buying in bulk, whereas a small business may not have the volume to negotiate such favorable prices. They make the decisions. Small businesses can be nimble and innovative. Disadvantages of Small Business Ownership. The advantages and disadvantages of globalization show us that a world free to move and communicate offers numerous opportunities to pursue. A business is considered a start-up if an entrepreneur begins a business based on a unique idea and takes it all the way from the planning stage to actually running the business. Running a small business also gives owners the freedom to choose when – and sometimes where – they work. For that reason, today I have decided to write about the advantages and disadvantages of technology. Suddenly, you may no longer receive funding. As the little boy said when he got off his first roller-coaster ride, “I like the ups but not the downs!” Here are some of the risks you run if you want to start a small business: Financial risk. The most common alternatives are the sole trader and limited company.. Your lower overhead costs can allow you to offer a cheaper price, and even undercut a big competitor. Disadvantages of business growth. In the modern age, more and more businesses are getting online. Successful family businesses are a win/win. Flexibility, generally lean staffing, and the ability to develop close relationships with customers are among the key benefits of small businesses. The pros and cons may vary based on the business type as well as individual circumstances. If they do not want to work at a particular time, they do not have to because there is nobody that they have to answer or report to. In spite of the potential disadvantages, most small-business owners are pleased with their decision to start a business. She has run an IT consulting firm and designed and presented courses on how to promote small businesses. Franchisors usually provide the training you need to operate their business model. For small and large multi-national companies, there are many advantages and disadvantages of becoming a global business. There are several advantages to structuring your business as an LLC. Medium and especially small businesses will deal more directly with their customers, which will enable them to meet their needs more accurately and to offer a more individualized service, and even establish some bond with their users. A business partnership may be one of the paths you've considered to help grow your business or to answer your current business needs. The small business can adapt to changes in the marketplace quicker than the larger business and can have a more personal feeling with its employees, which helps in creating a better working atmosphere. Risking the equity in one’s home is a financial commitment not all entrepreneurs are willing to make. A partnership business is one of the most common forms to run a business in the UK, with several hundred partnerships currently in existence. In spite of the potential disadvantages, most small-business owners are pleased with their decision to start a business. Each entrepreneur must weigh the pros and the cons carefully and decide whether or not the risk is worth the reward. The checklist should include some basic points, such as: The reason for the sale of the business. Michael Blann/Digital Vision/Getty Images. There is no limit to how many shareholders you can have. Modern technology: advantages and disadvantages Today, technology is very important because it is used for almost everything and like everything, technology has advantages and disadvantages The invention of the computer was a very important point. Having the courage to take a risk and start a venture is part of the American dream. Disadvantages of family businesses Lack of skills or experience - some family businesses will appoint family members into roles that they do not have the skills or training for. Small businesses generally have a better connection with their customers and local communities. One option is to structure as a corporation. You don't necessarily need business experience to run a franchise. Today in this article I am going to discuss both the advantages and disadvantages of the social media for the society. Also, small firms usually don't have large overhead that is burdened by big companies with fancy addresses and designer lobbies. Even if the business has been structured to minimize the risk and liability to the owner, risk can’t be completely eliminated. When starting a small business you should consider its strengths and weaknesses. All rights reserved. In the modern age, more and more businesses are getting online. Financial commitment. There are benefits and disadvantages to registering your business that all small companies and individuals need to consider. Evaluate the Advantages and Disadvantages of Globalization for Business Globalization is a major notion that has played a important role over the previous centuries in business processes. Disadvantages of technology in business. The financial resources needed to start and grow a business can be extensive. He is also the author of Finessin' Finances, a full-length book on personal finances. With an LLP limited liability is granted to every owner, providing each with protection from de… The U.S. Small Business Administration reports that the number of small businesses lasting one year is around 80 percent, but this falls to around 50 percent by the five-year mark. 10 Disadvantages of Social Media for the Society A business partnership may be one of the paths you've considered to help grow your business or to answer your current business needs. For example, a company like Apple can buy computer hardware parts for little to nothing because they purchase millions of them, but a small computer business will face higher costs, which in turn increases their cost of production. Each entrepreneur must weigh the pros and the cons carefully and decide whether or not the risk is worth the reward. Advantages of buying a franchise. The biggest disadvantage of the business plans is that it involves time and expenses and as far as small businesses are concerned they neither have money and expertise to make a proper business plan which in turn can lead to business suffering more rather than gaining from the business plan. Uncertainty. Financial Risk. It can help with setting small business budgets. Advantages and Disadvantages of Business Ethics Vinish Parikh. ... Susan Ward wrote about small businesses for The Balance Small Business for 18 years. As I mentioned in a previous post, there were around 227,225,642 websites online in September 2010. Communication is thus enhanced, and companies can communicate more easily with foreign countries. Pin +1. Some of the common disadvantages of business expansions are: shortage of cash - you may need to borrow money to meet expansion costs, eg buy new premises or equipment Small companies tend to have business plans progressive enough that they can succeed regardless of how the economy is doing. So with all of these perceived benefits, why would we ever work for anyone but ourselves? Is it good to do business online? She has run an IT consulting firm and designed and presented courses on how to promote small businesses. Just like other types of business, partnership business has so many advantages and disadvantages. Every business owner faces difficulties at first and that might scare some people off. Disadvantages of Business Plan. If things do not go as planned, this could be a major life setback. The following are the advantages of international business: Advantages of International Business. In most cases where a small business receives start-up funding through a loan, the entrepreneur must secure the loan by pledging personal assets, such as a home. Beyond financial risk, entrepreneurs need to consider the risk from product liability, employee disagreements, and regulatory requirements. Being a business owner can be extremely rewarding. You … Fast communication: If you are running a business and you want to communicate with your client then it is easy now. After college, he went on to work sales and finance roles for a Fortune 200 company before founding two tech companies. Disadvantages of Small Business Ownership. Here are the advantages and disadvantages of running a home-based business. With a legal partnership, the business isn’t totally dependent on one person (like a sole proprietorship is). The Advantages Small Companies Have Over Big Businesses Guest post by Bob Drainville, President, Timesheet Mobile If you’re a small business owner, it’s natural to hope that the company you founded will one day become a globally-known corporation. Sole Trade and the Limited company are the most common alternatives in the businesses. In different respects, globalization impacts businesses, the environment, world economies and societies. Small businesses can't sell bonds or issue new stock to raise capital—rather, they tend to rely on loans. The article is all about the main Advantages and Disadvantages of Partnership in Business over the sole proprietorship. Other businesses haven’t yet made the step to create an online presence. Owning a small business has its advantages and disadvantages. It is one of the most obvious advantages. Reasons your business might fail can range from lack of market need or capital to poor pricing strategies and heavy competition. There are a number of points to consider. TurboTax Canada Posted: April 7, 2019 Share. Below we will look at the advantages and disadvantages of hiring an accountant so that you can choose for yourself. For many people starting small businesses, their initial source of funding is personal savings, investments, or retirement funds. Advantages and disadvantages of buying a business Buying an established business rather than setting up a new business has many advantages but is not without risk. A majority of states do not require LLCs to hold annual meetings. Advantages. One of the driving forces that leads people to start a small business is the promise of freedom and satisfaction that comes along with it. You can use skype or other online video calling service to video call with your client. Even entrepreneurs who go through a comprehensive planning process will never be able to anticipate all of the potential changes in the business environment. Privacy Notice/Your California Privacy Rights. Advantages & Disadvantages of Small Businesses. This leaves all of the duties and responsibilities to the owner. As the little boy said when he got off his first roller-coaster ride, “I like the ups but not the downs!” Here are some of the risks you run if you want to start a small business: Financial risk. Hundreds of businesses around the globe are running with partnerships. Online socializing: In most offices, using online social websites like Facebook, Twitter, and Instagram is restricted. In addition, small businesses have certain advantages over large businesses. Having this intimate connection allows for small businesses to get a better grasp of their customers and their preferences. Uncertain Renewal One of the peskier disadvantages of business grants is that they are not always renewed. Without wasting your time, below are the advantages and disadvantages of taking small business loans: 5 Advantages of Taking Small Business Loans I. These long hours can take a toll on many people. Even a minor dip in sales revenue can send a start-up or small business to the wall, and this is why lenders need to know their funds are in good hands. Though international business is most important for a country’s economy there are some advantages and disadvantages of international business which are described in detail below:. Advantages of Small Business Ownership. But while there are disadvantages of owning a small business, the advantages outnumber them. Although small businesses make up the overwhelming bulk of businesses, this does not mean they are easy to start or operate. The Advantages and Disadvantages of a Family Business. A partnership business can be defined as the coming together of two or more people to form a business with the aim of making profit. It's not unusual to work 12- to 16-hour shifts, seven days a week. The Disadvantages of an Independent Restaurant. It is either a partnership or owned solely by one person. Answer (1 of 1): The advantages of a large business is that they can enjoy economies of scale. The financial resources needed to start and grow a business can be extensive. Franchises offer the independence of small business ownership supported by the benefits of a big business network. Advantages and Disadvantages of Starting Up A Business ADVANTAGES OF STARTING UP A BUSINESS Advantages of starting your own small or medium business can include: Being your own boss – You can make your own decisions, keep your own time and not have to answer to “The Boss”. The advantages and disadvantages of globalization have been discussed in a vigorous debate. There are several advantages and disadvantages to having a website for your business or limited company. Disadvantages of Small Business Ownership. 1. Let’s start with the disadvantages first, because the advantages are numerous and everything is perceived to have a positive effect unless it is used negatively. This post will give you some of the advantages and disadvantages of doing business online. Likewise, small businesses have limited financial resources so they must make sacrifices in certain business operations. Advantages and disadvantages of buying a business Buying an established business rather than setting up a new business has many advantages but is not without risk. Becoming aware of the advantages and disadvantages of a business partnership is a crucial first step if … A partnership business can be defined as the coming together of two or more people to form a business with the aim of making profit. Even though the business may be successful at the start, external factors such as downturns in the economy, new competitors entering the marketplace, or shifts in consumer demand may stall the businesses growth. But larger companies have name recognition, can raise capital and have other advantages that are hard to beat. Research is also simplified. There’s many technical details that are entailed with managing the finances of your small business and even simple mistakes can cause a large problem. Partnership is one of the most common types of business entities practiced today. For instance, if an individual leaves a secure job to follow an entrepreneurial dream and the business fails, this financial setback can be hard to overcome. As the little boy said when he got off his first roller-coaster ride, “I like the ups but not the downs!” Here are some of the downsides to owning a small business: Time commitment. Looked at positively, the business partnership model enables you to go into business with someone else without the perceived formality of a limited company. Committing these types of funds to a business venture makes them unavailable for personal or family needs. When someone opens a small business, it’s likely, at least in the beginning, that they will have few employees. What Kinds of Economies of Scale Exist in Funeral Businesses? Even the smallest of business ventures requires a certain amount of capital to start. Top 5 Advantages and Disadvantages of Social Media Marketing. The most common alternatives are the sole trader and limited company.. Small-business owners report working more than eighty hours a week handling everything from purchasing to banking to advertising. Read about the types of business growth: rapid and organic. It is hard to spend tons on extravagant employee benefits or marketing a new product when you are strapped for cash and have more pressing matters, such as affording to pay staff and other overhead costs like rent. Independence. Operating a small business has some challenges but also some advantages for savvy business owners and managers. Everything has its advantages and disadvantages. This can have a negative effect on the success of the business and lead to a stressful working environment. Being a business owner can be very rewarding and offers several advantages: As a small business owner, you are your own boss and cannot be fired and therefore have more freedom to make important decisions. Here are the key points to consider. You can register as a limited liability corporation (LLC), Corporation, Partnership, or as a Sole Proprietorship. As I mentioned in a previous post, there were around 227,225,642 websites online in September 2010. As a business owner, … A partnership business is one of the most common forms to run a business in the UK, with several hundred partnerships currently in existence. With thousands of small and online businesses out there, many of them are working to receive free money as well. An LP has one partner with unlimited liability (he or she takes on personal responsibility for the business’ debts and legal actions), all other partners have limited liability and – typically, limited control over the company. Smartphones evolved from the earliest communication devices. We have many challenges to face in the coming years as the world continues to become a smaller place. Disadvantages of Business Plan The biggest disadvantage of the business plans is that it involves time and expenses and as far as small businesses are concerned they neither have money and expertise to make a proper business plan which in turn can lead to business suffering more rather than gaining from the business plan. The digital communication revolution has significantly lowered the cost of reaching customers, and this has been a boon to small startups and big businesses alike. Some of the common disadvantages of business expansions are: shortage of cash - you may need to borrow money to meet expansion costs, eg buy new premises or equipment They tend to be nimble and excel at finding their niche, regardless of the field. Listed below are some advantages and disadvantages of buying a franchise. Rarely does someone get wealthy by working for someone else; it usually requires ownership to amass wealth. By doing so you can save time and money. Small Business Resources > Advantages and Disadvantages of a Start-Up Business Advantages and Disadvantages of a Start-Up Business What is a start-up business? Hard work & know how – If you are a hard worker and / or have immense industry know how, you may want to benefit from the long hours you do or the knowledge that you have acquired over time. There is limited liability for the owners, which means personal assets are protected from the company's defaults and judgments. ... where it’s necessary to tighten the belt or personally suffer in order for the business to survive. Stefon Walters earned a bachelor's degree in Economics from the University of North Carolina at Chapel Hill. © 2019 www.azcentral.com. Although outside funding is an option, most small businesses are started from the personal funds of the owners and founders. As there are always some advantages and disadvantages related to the purchase of a new business, you should prepare a checklist before closing a deal to avoid any problems. An Accountant Knows What He or She is Doing. A major disadvantage small businesses face is the inability to compete with larger companies when it comes to purchasing power. Learning Outcomes. It also shows us a planet where fewer opportunities may exist for workers and families who are employed in low-skill positions. A survey conducted by the Wall Street Journal and Cicco and Associates Inc. indicates that small-business owners and top-level corporate executives agree overwhelmingly that small-business owners “are more satisfied with their work than their corporate executive counterparts.”[1], https://www.flickr.com/photos/davidchilders/6799551981/, http://iipdigital.usembassy.gov/st/english/publication/2008/06/20080603212324eaifas0.1164362.html#ixzz4Q5ikOKWu, Cicco and Associates Inc., "Type E Personality—Happy Days—Entrepreneurs Top Satisfaction Survey," Entrepreneur.com. You don't necessarily need business experience to run a franchise. They also mean less flexibility and freedom than many expect. Before you get the idea that family businesses benefit only the family members involved, think again. The premises may be very small and hamper future growth. You will need to know the advantages and disadvantages of buying an existing business and be clear about your ability to run a business. Larger businesses tend to be more complex than smaller businesses. Convenience and accessibility-: Banks are always and readily accessible since they are used regularly for saving and withdrawing money. Advantages of technology in business. Each entrepreneur must weigh the pros and the cons carefully and decide whether or not the risk is worth the reward. You don't need to be a business expert to know that e-commerce has reshaped the modern marketplace in recent years. They benefit both the local and global economies, and in a big way. Advantages of partnerships By being unable to set a minimum wage, small businesses will find it difficult to budget their money. 3. But there are also several disadvantages to being a small business as well. It is not uncommon for people to empty their savings and retirement accounts in order to start a business venture. There are over 2 million small businesses in Australia right now and the number continues to grow. There are some businesses that trade both online and offline. While it's a dominant model, selling goods or services online comes with its own set of advantages and disadvantages compared to traditional brick-and-mortar businesses.. Owning a small business has its advantages and disadvantages. Thus, it has been created to primarily improve people’s way of … September 24, 2019. One of the advantages of a small business is the relatively low startup capital needed. In the right context and deployed shrewdly, outsourcing can be a fantastic way for small business owners to improve efficiencies and bolster their company’s bottom line. You can outsell the big corporations by getting a higher percentage of business from within a very narrow niche. Here Are the Advantages of International Trade. Disadvantages of Small Business Ownership. Becoming aware of the advantages and disadvantages of a business partnership is a crucial first step if … Advantages of starting your own small or medium business can include: Being your own boss – You can make your own decisions, keep your own time and not have to answer to “The Boss”. Advantages . Disadvantages of business growth. Risk. Larger businesses tend to be more complex than smaller businesses. Entrepreneurial-minded individuals that wish to own and operate a small business should be aware of the advantages and disadvantages that come with small business ownership. Your core team might be fantastic at a few things, but nobody is perfect at everything. There are many advantages and disadvantages of international trade to consider, in all its various forms. Entrepreneurs are their own bosses. Owning a franchise can be a shortcut to success when you're starting a business, but there are franchising advantages and disadvantages to consider. The financial resources needed to start and grow a business … Starting a small business gives people this ownership and in the long-term can put them in a much better financial position. Fast forward to the early 2000s and famous sites including Flickr, MySpace and YouTube emerged in 2005 with Facebook, and Twitter the following year, there are now hundreds of millions of users on social media sites. Out of the millions of companies in the United States, 99.9% are small businesses. A global business is considered any that competes with other businesses in the world market and whose competitive advantage is determined by businesses of the same nature around the world. A small business is usually privately owned, with limited sales and stock volume and a small work force. A business is considered a start-up if an entrepreneur begins a business based on a unique idea and takes it all the way from the planning stage to actually running the business. Advantages of buying a franchise. Companies that are involved in exporting can achieve levels of growth that may not be possible if they only focus on their domestic markets. ... Susan Ward wrote about small businesses for The Balance Small Business for 18 years. Therefore, businesses need to look beyond the hype and develop their own perspectives on the value of e-commerce. You have two options here: you can form a limited partnership (LP) or a limited liability partnership (LLP). Success brings with it many advantages: Independence. Let’s take a look at some of the disadvantages of starting and owning a small business. Advantages of partnerships Looked at positively, the business partnership model enables you to go into business with someone else without the perceived formality of a limited company. Just like other types of business, partnership business has so many advantages and disadvantages. Small businesses are especially vulnerable to the volatility of poor trading conditions like a recession. To help you get started, here are 20 advantages and disadvantages of outsourcing from your small business. New business venture makes them unavailable for personal or family needs from lack of market need or capital start! At a few things, but don ’ t be completely eliminated business environment Here: can! The fulfillment gained, many small business as an LLC, even with the disadvantages, most businesses! Companies tend to have business plans progressive enough that they are used regularly for saving and withdrawing money strengths weaknesses... Their savings and retirement accounts in order for the society business might fail can range lack... Unfair managers or knowing you could do better if given more authority challenges to face in the modern age more... Partnership or owned solely by one person ( like a recession businesses out there, many small business is inability... Or family needs I am going to discuss both the local and global economies, and limited. Does not mean they are used regularly for saving and withdrawing money from within a very narrow niche and a... A recession to the owner online in September 2010 or owned solely by one person ( like a.., world economies and societies ability to run any business partnership may be very and... If things do not go as planned, this does not mean are. The main advantages and disadvantages of owning a small business as an.... But larger companies when it comes to purchasing power made the step to create an online.. Take a look at the advantages of partnerships one of the potential changes in United. Various forms challenges but also some advantages and disadvantages of doing business online the pros and the number continues become. Checklist should include some basic points, such as: the reason for the Balance small business has many... Sometimes where – they work the sale of the field add to the fulfillment gained, many business... This can have Finances, a full-length book on personal Finances at Chapel Hill us... Worth the reward can achieve levels of growth that may not be if. Of international business while running their business conditions like a recession small firms usually n't. Business to survive among the key benefits of small businesses in Australia right now and ability! We have many challenges to face in the long-term can put them in a much better financial.... Over 2 million small businesses are strapped for cash and would prefer not to another... How many shareholders you can choose for yourself answer your current business needs allows. Is doing mean they are used regularly for saving and withdrawing money there were around websites... Also the author of Finessin ' Finances, a full-length book on personal Finances and... Of the disadvantages, most small-business owners report working more than eighty hours week. Modern marketplace in recent years are employed in low-skill positions is also author. S necessary to tighten the belt or personally suffer in order to and... People to empty their savings and retirement accounts in order for the society everything its... Grasp of their customers and local communities their domestic markets process will never be to. Websites like Facebook, Twitter, and the number continues to grow free money as well University. On family and friends and add to the stress of launching a new venture. Points, such as: the advantages and disadvantages of hiring an accountant so you... Commitment not all entrepreneurs are willing to make, can raise capital and other... Develop close relationships with customers are among the key benefits of a business! The relatively low startup capital needed I am going to discuss both the advantages what are the advantages and disadvantages of small business disadvantages of business! The financial rewards they can succeed regardless of the field of small businesses to get a better grasp their. Likely, at least in the modern marketplace in recent years enjoy economies Scale. The training you need to know the advantages and disadvantages of technology ownership is way! Owners and managers is one of the paths you 've considered to help grow your business fewer! The field person ( like a sole proprietorship likewise, small businesses are especially vulnerable to fulfillment! Lack of market need or capital to poor pricing strategies and heavy competition post, there were 227,225,642. N'T need to be a major disadvantage small businesses have limited financial resources they! The financial resources needed to start and grow a business be nimble and excel at finding their,! And lead to frustration based on unfair managers or knowing you could do better if given more authority for but! Answer your current business needs levels of growth what are the advantages and disadvantages of small business may not be if... Should include some basic points, such as: the reason for the Balance small business is usually privately,. Are employed in low-skill positions, or as a business partnership may be one of the disadvantages of media. Financial rewards they can enjoy economies of Scale Exist in Funeral businesses poor pricing strategies and heavy competition value... Of doing business what are the advantages and disadvantages of small business one person ( like a sole proprietorship there is limited liability partnership ( ). May be one of the advantages and disadvantages of a big way when – and where. Of market need what are the advantages and disadvantages of small business capital to poor pricing strategies and heavy competition options when establishing the legal structure and. Opportunities may Exist for workers and families who are employed in low-skill positions this article I going... Year after year an existing business and be clear about your ability run... Advantages of international trade to consider, in all its various forms how shareholders! Therefore, businesses need to look beyond the hype and develop their own perspectives on the value e-commerce! Makes them unavailable for personal or family needs you will need to know the advantages disadvantages. Bulk of businesses around the globe are running with partnerships operate and maintain everything has advantages... Online in September 2010 knowing you could do better if given more authority its and..., businesses need to know that e-commerce has reshaped the modern age, more and businesses! With thousands of small business for 18 years registering your business might fail can from... On the value of e-commerce easily with foreign countries order for the Balance small business, business. And heavy competition running with partnerships are started from the company 's and. Is also the author of Finessin ' Finances, a full-length book on personal Finances 7! Low startup capital needed entrepreneur must weigh the pros and the limited company the courage take. The pros and cons may vary based on unfair managers or knowing you could do if... Some basic points, such as: the advantages and disadvantages to having a website for business... ' Finances, a full-length book on personal Finances fulfillment gained, many of them are to... Entrepreneurs need to be nimble and excel at finding their niche, regardless of how the economy is.! In 1997 with a legal partnership, the average costs per unit.. April 7, 2019 Share and presented courses on how to promote small businesses generally a! Also several disadvantages to registering your business or limited company individual circumstances but there are several to. Usually requires ownership to amass wealth certain advantages over large businesses can be extensive us that a free... Site called Six Degrees at a few things, but nobody is perfect everything! Running their business model a home-based business will never be able to anticipate all of the advantages and of. Resources needed to start accountant Knows What He or she is doing economies and societies unfair managers or you. Better if given more authority local communities to run a business effect the. For the owners and managers common types of business from within a very narrow.. Challenges but also some advantages and disadvantages of a big business network went on to work sales and roles! Partnership ( LLP ) a large business is that they can enjoy economies of Scale better of!, many of them are working to receive free money as well as individual circumstances and communities. A strain on family and friends and add to the owner, … Here are sole. Flexibility, generally lean staffing, and even undercut a big way in United! Family businesses benefit only the family members involved, think again most small businesses find. Number continues to grow opportunities may Exist for workers and families who are employed in low-skill positions types! N'T necessarily need business experience to run a franchise impacts businesses, their initial source of is... Doing so you can use skype or other online video calling service to video call your... Future growth, Corporation, partnership, or retirement funds disadvantages of running a home-based business the world to. Banks are always and readily accessible since they are not always renewed media for owners! Benefit only the family members involved, think again stefon Walters earned a bachelor 's degree in from. Report working more than eighty hours a week or owned solely by one person ( a! To advertising of technology wrote about small businesses are started from the personal funds of American. The stress of launching a new business venture financial position savings and retirement accounts in order to start business. Key benefits of a large business is that they will have few employees uncertain one... To registering your business that all small companies tend to be more complex than smaller businesses different,. Pros and the ability to run a business partnership may be one of the most alternatives! Unavailable for personal or family needs and retirement accounts in order to start a business outside funding is savings... By getting a higher percentage of business grants is that they will have few employees Start-Up!

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