Axis
Valued Contributor
Although many individuals do not believe that small-scale businesses face a whole lot of problems than large scale businesses. Larger scale businesses are more likely to enjoy a whole lot of public recognition, as well as make a whole lot of profit and income, however small scale businesses may definitely find it hard to simply earn the recognition of members of the public, and also the face oppression from existing large scale businesses and organisations. One of the common problems faced by small-scale businesses is the lack of governmental support. Small-scale businesses absolutely place very important role in the growth and development of the business sector of a particular economy, but yet the government of most countries pay less or no attention to their existence and welfare. Business banks and business grants institutions in most countries, are being established only to give loans and grants to larger-scale businesses who are looking for ways to facilitate their business, however small scale business owners do not stand a easier chance to seek for a loan or Grant from most business Banks.
Secondly another possible challenges or hindrance face by small-scale business is the problem of diversifying or engaging in other marketing strategies. Large-scale businesses are more likely to diversify as well as engage in other marketing strategies such as social media, marketing email, marketing, and internet marketing. Small scale businesses do not have this opportunities as a result of small or inadequate capital formation.
Secondly another possible challenges or hindrance face by small-scale business is the problem of diversifying or engaging in other marketing strategies. Large-scale businesses are more likely to diversify as well as engage in other marketing strategies such as social media, marketing email, marketing, and internet marketing. Small scale businesses do not have this opportunities as a result of small or inadequate capital formation.