Augusta
VIP Contributor
They are Threats that would are common to a business that one needs to know before starting any business. The common threats you should know about includes;
Weather. if you have seasonal business know that you would be having hinderances sometimes from bad weather .
The economy
Another threet to your business is bad economy. it can make a business not to prosper.
Material shortage.
You might always have shortage of raw materials to be user for production. So you need to be ready to tackle this.
Your computer system is hacked.
Another problem is that of spy by competition and others thst wsnt to bring down the business. You should be ready for this as you need to tackle this threat.
Competition in your industry is strong.
You should know that competition is eminent so you need to know before hands to tackle it.and don't forget market demand can dry up and you would need know how to revive it.
Weather. if you have seasonal business know that you would be having hinderances sometimes from bad weather .
The economy
Another threet to your business is bad economy. it can make a business not to prosper.
Material shortage.
You might always have shortage of raw materials to be user for production. So you need to be ready to tackle this.
Your computer system is hacked.
Another problem is that of spy by competition and others thst wsnt to bring down the business. You should be ready for this as you need to tackle this threat.
Competition in your industry is strong.
You should know that competition is eminent so you need to know before hands to tackle it.and don't forget market demand can dry up and you would need know how to revive it.