If you are in a country like Sri Lanka, Pakistan, or poorly performing countries with excessive debts, promoting small businesses is a viable option instead of giving subsidies that can’t be sustained and that can’t solve the economic problems faced by those countries. It is also the right time in developing and developed countries to start a small business if you are planning to start one. We will get into the nuances of starting a small business, but before that be aware that small businesses are going to thrive because we have more motivated skilled labor and passionate entrepreneurs present than at any other time in the recent past. So what does a modern small business need? We will do a soul search before delving into the practical aspects of it. Passion The first thing a small business person requires is passion. If you want to start a business, you should have a passion and love for that particular business. Only a passionate baker can make cakes that can compete with the ...