Augusta
VIP Contributor
When you about starting a business they are different limitations you would naturally be confronted with. You need to look at them to develop strategies and techniques you would use in dealing with them
Labour or Capital shortage
Thers always the shortage of skilled labor to employ for each position for the business. So you might deal with incompetent workers So you need to look for a way to tackle this to win with your business
Nature of demand
Another limitations to a business will be the demand for it. When the demand is low or small then the market will be small so until you are able to increase the demand the market size will be limited and might remain small for a long time.
Capacity of the manager.
An increaee in a business only happens to the degrees of growth from the manager. A manager can only give what they have.
Industry type
Another limitations is the industry one find his or herself. You need to find out how to fit in or else you might not be able to cope In such industry when frustration set in you would left unfulfilled and the business will suffer.
What do you think?
Labour or Capital shortage
Thers always the shortage of skilled labor to employ for each position for the business. So you might deal with incompetent workers So you need to look for a way to tackle this to win with your business
Nature of demand
Another limitations to a business will be the demand for it. When the demand is low or small then the market will be small so until you are able to increase the demand the market size will be limited and might remain small for a long time.
Capacity of the manager.
An increaee in a business only happens to the degrees of growth from the manager. A manager can only give what they have.
Industry type
Another limitations is the industry one find his or herself. You need to find out how to fit in or else you might not be able to cope In such industry when frustration set in you would left unfulfilled and the business will suffer.
What do you think?