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Business strategy
What Are The Challenges Faced While Choosing The Right Business?
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[QUOTE="Stena, post: 219297, member: 67486"] Businesses are always prone to one challenge or the other. Even when one has been able to choose the right business, there are small challenges that may pose a threat to that business. These challenges are: 1) Lack of starting or operational capital: this issue of finances happen to be a prominent challenge for most business persons. Money is not always easy to come by, and there are difficulties encountered when sourcing for funds from financial institutions, families or friends. Business owners would need funds to start up the business and keep its operations running, when the funds are hard to come by, it poses a challenge. 2) Another challenge happens to be lack of good marketing strategy. Most business persons find it challenging when it comes to making profitable sales. They do not have the best marketing and sales strategy and as such do not record impressive sales. 3) The inability to manage funds is one aspect some business owners find difficult to deal with. They are not able to manage their resources and this eventually leads to losses. 4) Hiring employees: some business persons find this aspect very challenging. Finding hands that are willing to buy into their vision and help push their business is sometimes difficult. [/QUOTE]
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What Are The Challenges Faced While Choosing The Right Business?
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