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Problems and obstructions mostly faced by large scale business owners.
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[QUOTE="Abigael, post: 230642, member: 25357"] Large scale businesses truly face so many challenges too. You would think that their size will at least keep them free of problems. But they still face them just like any other business. The key to making the business survive is for business owners to realize this and do their best to overcome such challenges. Competition is one big challenge that the large businesses face. You will find that two big businesses are located in one vicinity but both require someone to patronize them. They will end up competing for customer attraction. The business that provides the best services and high quality products at affordable prices ends up winning. There is also the issue of governments imposing high taxes on those large businesses. This hinders their financial stability a lot because they have to pay the really high taxes so as not to face trouble with the law. Whenever they fail to pay a bit, they get huge punishment. Large scale businesses also face the issue of poor management and consequences of incompetent employees. Especially those who are in charge of company finances. Such incompetence can lead to bankruptcy. It gets even harder when bankruptcy is caused by conflicts between family members in the case of family owned businesses. [/QUOTE]
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Problems and obstructions mostly faced by large scale business owners.
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