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Business strategy
What Impedes You From Setting Up A Business?
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[QUOTE="Rachael, post: 227441, member: 68963"] Well, I have set up a business although it is still in its growing stage and operated on a small scale basis. I have just a partner and we share the dividends after each work because it is not like we get contracts everyday. There are sometime we have to stay for like tow months without a single job offer. This line of business has been very tacky and stressful because there are so many people who are operating in this line of business, which makes it very competitive. There are many factors which can impede the setting up of a business. Such cases are; lack of knowledge or experience. When an individual lacks the knowledge of starting a business, it becomes very hard and such individual would likely not be motivated to venture into any business because knowledge and experience is an essential tool in operating a successful business. Lack of funding is always one of the major barriers in starting a business and some people do not like the idea of obtaining loans because of the pressure it is coupled with. Lack of proper management skills is always one factor that impedes setting up a business. There are some people that are well aware that they cannot manage their finances and this stops them from setting up a business. Government regulations is also one of the reason a business might not be operated. There are some stringent terms and conditions by the government and these rules affects the success of business growth. [/QUOTE]
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What Impedes You From Setting Up A Business?
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