Rachael
Verified member
One of the hardest part in setting up a business is always 'funding.' There are different levels of businesses and the most popular is the small scale and the large scale. In my Country, considering the statistics, we have more of small scale businesses and less of large scale venture and this is because of the funding challenges. Setting up a small scale business is also more cost-effective and this also means that the profits would be lesser when compared to large scale businesses. Small scale businesses would require a limited number of employees while the large scale business would require more hands on deck to carry out duties effectively. Considering the rate of economic inflation, the cost of starting a small business is on the higher side because the prices of goods are increased more on a daily basis but with $200, a small scale business can be set up. What is the minimum cost of operating a small scale business in your Country?