1.1 Background
Small businesses are the roots of big businesses. Many big businesses laid their foundation on small business. In developing country like Nepal, development of small scale industry is most essential work. Market is becoming vast and competitive. Problems of unemployment are becoming most serious issues for the world. Developing countries are seriously attached by these issues. To cure these issues, development of small scale industries can be considered as panacea. Developed countries like USA, Germany, UK, Japan etc. have given the strong emphasis on development of small scale business.
According to small business act 1934 (USA) “A small business is one which is independently owned and operated and is not dominant in its filed.”1
Small business has multi-various contribution to the economy and Nepal is not an exception to regulate small businesses. In Nepal there are no specific legal provision, broadly they are controlled under two acts, private firm registration act 2014 and industrial enterprise act 2049.
For the fieldwork report, small scale industry named as “Temption Bakery Café” is chosen.
Temptation Bakery Café located at Siddhartha Marg, Biratnagar-13 was established in B.S. 2045 with starting capital Rs.150,000.00. Mrs. Sangeeta Byas, the proprietor of TBC is a woman entrepreneur. TBC, starting with three limited items of product, is now producing varieties of items. Although the initial period was tough for this Udhyog, it is walking on smooth ground with varieties of products extending its distribution from the factory to showroom. However, TBC is still struggling for effective channel of distribution to compete with its rival or competitors. As a result, it has opened “Hot bread and Hot Cake” center & Kiran Cake Parlor at Main Road and at Traffic Chowk respectively.
All business activities are performed with certain objectives actually small business started with the purpose of earning profit