In order to increase chances of survival small businesses need to identify firms that offer support services where they can get help with the running of the business. Some of the support services for small enterprises include:
- Training services
This is necessary to improve capital in entrepreneurial, management and technical skills
- Marketing services
To determine market demand and provide market linkages
- Business counseling
This will help improve management. Capacity of small business owners in effective planning, implementation and control of business operations
- Banking services
This enables businesses to build credibility, reduce risks of handling cash and save funds for future use.
- Insurance services
Insurance firms are important for small business as it enables them reduce risks associated with operating businesses.
- Postal services
To facilitate effective and affordable communication
- Book keeping
To ensure business records are accurate and up to date and that the organization is tax compliant.
- Business incubators
To provide a nurturing environment for small businesses through the provision of a wide range of business support services such as training, marketing assistance, networking, tax preparation.
- Technology provision
Enables small businesses to embrace appropriate and affordable technologies e.g. Agriculture Technology Development Centers, Kenya Industrial Research and Development Institute (KIRDI)
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Am Francis
Useful in equipping Industrious business personnels.