Scope, Nature and Future of Small Business and Enterprise
Micro, Small and Medium Enterprise or Business constitutes almost 70% of the total enterprise or business in most of the developing economies around the world. It has been accepted that Micro, Small and Medium Enterprise or Business is one of the key contributor in an economic growth and has huge potential for providing highest rates of employment. The development of Micro, Small and Medium Enterprise or Business is becoming a key agenda for every government of any economy. As per reports, these sector 40-45% of total countries export. These sectors provide employment to almost 50% of the total employed population of any country. The labor to capital ratio of any Micro, Small and Medium Enterprises or Business is much higher than any large industry or enterprise. Growth of any nation depends highly on these sectors and development as these sectors are geographically more distributed even more than large scale industries.
With globalization and liberalization, these sectors have grown from manufacturer of simple consumer’s items to manufacturer of highly sophisticated and precision items like electronics chips, automobile parts or defense equipments or healthcare tools parts. Micro, Small and Medium Enterprises or Businesses are generally more heterogeneous in nature and highly diversified. The scopes of these sectors are spread across different horizon of products like healthcare, manufacturing, automotive, engineering, construction, etc. These sectors are sometime works in a very informal and unorganized way. Micro, Small and Medium Enterprises or Businesses are characterized by low operational cost, readily availability, operational flexibility and mobility. For example to move a large scale well-built industry from one geography to another one due to some natural calamity or human disputes, requires huge capital, time and labor. But in case of a small business, it can be done swiftly in compared to the large scale industry. Some major sectors which Micro, Small and Medium Enterprises or Businesses cover are food products, textiles and readymade garments, metal products, machinery and equipments, rubber and plastic products and leather products.
Collaboration, Connectivity and Communication in Small Business
The very nature or characteristics of small businesses makes them so important in a developing economy. Quick, precise, promptness and focused product area these are the features which make small business very distinguished. Since they are physically not much widely spread across the globe or geography, they co-ordinate quickly to deliver something to customer. What they all need is just few collaborative meetings and clarifications. They don’t have to worry about the entire leadership or management located somewhere else. A quick communication between the project lead and the team members is more than enough to deliver the product.
Similarly a few rounds of meeting between the laborers and the subcontractor will ensure the delivery of physical labor is smooth and effective.
But all these kind of collaboration needs physical gathering of all the team members, project leads, site manager or laborers. This becomes an unproductive event and it may be possible that few more rounds of such meeting are required in case of any complexity in the product manufacturing or delivering. It may be possible that all the required attendees may not be physically available at a particular time in a particular place.
Small Business VoIP Phone Systems
All the above problems can be solved by using VoIP phone systems. VoIP small business phone systems are now a day becoming popular and most preferred choice of all customers for collaboration and communication. Voice over Internet Protocol (VoIP) is a packet switching telephone network as it uses the internet to make and receive phone calls. It is also different from regular circuit switching systems, because it initiates a connection for a short amount of time in order to send a small packet of data from one system to another, instead of keeping the connection open and constant for a long stretch of time. A VoIP phone system has many advantages. Wired lines or PSTN is slowly disappearing and more businesses and consumers are migrating to VoIP, Video and other services delivered over data networks. As demand of these services grow and more bandwidth is required, these data networks migrate to higher capacity channels, such as fiber and fixed wireless. Every organization uses internet and the VoIP charges can be added to that since it’s cheaper than normal PSTN or cellular calls. On the pricing front, most VoIP options offer free call waiting service, such as Google Voice and Skype among the most famous names in the business. Free calling to other VoIP’s, local and international, but the minimum subscription for calls to mobile and landline phones is typically around 1.2 cents to 2.6 cents a minute.
Conclusion
VoIP small business phone system can change the outlook of small business. Small business and enterprise can increase its efficiency and reduce the operational cost by using VoIP phone system. Unnecessary physical meetings can be avoided and human resources can be used in productive work instead. It’s the need of hour to switch to VoIP from wired telecom and PSTNs. All you need is internet connectivity and a VoIP enabled device connected to your LAN. Extra cellular or telecom cost can be reduced to more than half by using VoIP. There are many VoIP vendors available in the market. Most of them provides reliable and good VoIP devices.
