You may have benevolent ideas about small businesses and the role they play in development of the economy. However, never make the mistake of thinking that you will be working in a low competition environment simply because you are a part of the small business segment.
Competition is unbelievably intense. There are many persons who had all the qualities necessary to become successful but could not attain success. This happen simply because they underestimated the level of hard work that would be required to make their business a success.
Remember, the small business sector is always filled with a large number of service providers. Very rarely will you find an industry or segment where there is a dearth of small businessman. It is a comfortable position for people to be in. With limited capital and limited skills, it is possible to run a business and earn a tidy profit year after year without any difficulty.
One just has to contact a single service provider and cater to the same for many years at a stretch to build up one’s business. In such a scenario, your decision to join the fray is not going to win you a lot of friends in the small business segment. Many individuals follow the simple policy of destroying the competition before it can find its feet.
That is the reason why you will find your competitors undercutting you by offering lower prices and better deals even before you have got set in business. There is no point in complaining after you have been thrown out of business. Plan for these issues in advance. Build the wherewithal to survive this competition and overcome the same before you enter the fray.