There are definitely a lot of advantages that small businesses could benefit from:

• it can be started at a very low cost and on a part-time basis;
• it can easily serve specialized niches;
• it is typically easier to respond to changes and the marketplace quickly;
• independence, freedom to operate independently ;
• making their own decisions;
• taking their own risks, and reaping the rewards of their efforts.

Small businesses often face a variety of problems related to their size, so there are also quite many disadvantages:

• undercapitalization - not having enough capital;
• the capacity of much larger businesses to influence or sometimes determine their chances for success;
• insurance costs (such as liability and health), rising energy costs, taxes and tax compliance.