A small business is a type of business that has fewer than the minimum number of employees. These types of businesses are growing in popularity as the economy rebounds. They offer entrepreneurs more control and opportunities for success than traditional companies.

Small business advisors in London are dedicated to helping small businesses succeed. And they also offer a wide range of services, including advice on marketing, financing, and operations. They also provide mentoring and coaching services.

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There are a few key traits for small businesses to have in order to be successful. First and foremost, they should have unique selling propositions (USPs). USPs are the unique aspects of a company that make it different from its competitors. 

Second, these businesses need to focus on their customer base and find new ways to serve them. Third, they need to manage finances carefully and efficiently in order to stay afloat during tough times. Fourth, small businesses need to be creative and come up with new ideas to keep customers coming back.

Running a small business can be very rewarding, but it’s also challenging. There are a few key things to keep in mind if you want to make it work:

1. Set realistic goals: Don’t expect your business to be the next Apple Inc. from the get-go. Start by targeting modest goals and working your way up as you see success.

2. Find good advisers and mentors: Hiring a consultant or taking classes can help you learn about running a business and hone your skills. Network with other small business owners for advice and support.

3. Pay attention to expenses and overhead: Keep track of expenses such as rent, staff costs, marketing materials, and software licenses. Factor these costs into your calculations when setting prices for products or services.

4. Think long-term: Plan for the future by investing in equipment or technology that can help your business grow over time.