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Business strategy
What Are The Challenges Faced While Choosing The Right Business?
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[QUOTE="Shaf, post: 220687, member: 25467"] This is something that varies as you go from niche to niche. There are some challenges that are common across all businesses, like sourcing for capital and marketing to customer service and retention, bit these are much easier to solve in my opinion. The challenges we seem to have less emphasis on are the small ones and they're the ones that eventually determine if the business survives for a long while. One such is competition in the niche and the type. If you don't know how to survive that, your business will go down fast. Another one is creativity and innovation in your niche. If you are not offering anything new or exciting, the business may survive but may not be super successful like you want it to be. [/QUOTE]
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What Are The Challenges Faced While Choosing The Right Business?
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