Research on cessation of small-scale Businesses in Hyderabad
International Journal of Development Research
Research on cessation of small-scale Businesses in Hyderabad
Received 17th January, 2023; Received in revised form 08th February, 2023; Accepted 20th February, 2023; Published online 30th March, 2023
Copyright©2023, Mrs. Saritha SR et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Everyone agrees that small businesses are the driving force behind the global economy. It is praised for significantly increasing each nation's GDP, employment, innovative capacity, and tax base. However, in the first ten years of operation, small businesses do not have a high survival rate. About 20% of newly established businesses fail within the first ten years. Some of them are referred to as gazelles due to their rapid growth into medium and large businesses, while others prefer to remain small. This study focuses on small businesses and talks about their challenges, their problems, and how they sustain in the market and compete with the big fishes of the pond. The Sample research is restricted to Hyderabad but this issue is faced by every small business so the paper covers the details as a whole.
