FRELDO — Hive

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Do you know that the largest economy in the whole wide world is THE UNITED STATE OF AMERICA (USA) and this economy consist of both small and medium enterprises? According to recent survey, research and statistic show that the small enterprises (business) took the large share of the economy with 62%. the function of this business is to provide services for the entire nation , most of this small business started from most people who are inspired by their bosses , as the saying goes “Rome was not built in a day ) and many more are still hoping and planning to open theirs which means the percentage is really increasing the same situation can be seen in CANADA also , in CANADA there are about 3million small business which provide services to their economy and the small business also contribute 20% of the total gross domestic product. most of the small business focus on providing services rather than manufacturing and these has led to accessibility of services in every corner of the economy and this in turn lead to improvement in the living condition of the
CHALLENGES OF SMALL BUSINESS
Now that we know almost all about small businesses definitely there will be problems which the face
Here I will list and explain some of the problems small business face
Despite the rapid development of the service industry in the US and Canada, to start generating sales, to make a successful entry into these markets is not easy. The task of starting a small business is not as easy as it seem especially for beginners who have no knowledge about the market condition even when the have the resources the will still face difficulties because the don’t know how the market operates and because of this the are forced to spend unnecessary time and money on things that may not realy profit or benefit them or will be less. In addition, small businesses often face problems created by bureaucracy. It carries unnecessary costs when making payments. There are other risks and costs that reduce the efficiency of small businesses and their competitiveness in the market.
WHAT IS FRELDO
Freldo Inc., registered in Canada in 2011, is located in Toronto, Ontario. The company has developed a new social network called Freldo freldo.com. The name was chosen not by chance and derives from the word Friend. The motto of the company is «Trust Your Friends!». Its uniqueness lies in the fact that from the very beginning it was created as a free public place, where small businesses and their customers – who are close friends and acquaintances – could communicate. At the same time, Freldo has become an example of successful implementation of new technologies in the interests of small and medium business development. The developers of Freldo have set themselves the goal of eliminating all the major problems that small business today faces in the online space. In particular, we are talking about the power of feedback, the high cost of advertising on popular Internet resources, the existing distrust of potential customers to service providers. Freldo also solves problems in the field of pricing, simplifies the calculations, which positively affects both the financial condition of small businesses and the wallet of ordinary consumers.