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Business strategy
Threats of business to know before starting one
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[QUOTE="King bell, post: 282183, member: 75687"] When starting a business, it's important to be aware of the potential threats that could impact your success. Here are four threats to keep in mind: 1. Competition. There's always the potential for new competitors to enter the market and take away market share. It's important to stay ahead of the competition by offering a superior product or service. 2. Economic downturns. A recession can have a devastating impact on businesses, large and small. It's important to have a contingency plan in place in case the economy takes a turn for the worse. 3. Natural disasters. A hurricane, earthquake, or other natural disaster can disrupt operations and damage property. It's important to have insurance in place to protect against these risks. 4. Political instability. In some countries, the political situation can be unstable and this can impact businesses. It's important to monitor the political situation in your country and be prepared to make changes to your business if necessary. [/QUOTE]
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