Challenges associated with starting a business in the year 2023?

[Passiveearner]

Starting any kind of business during any kind of year is not an easy thing because as a businessman, you may have to deal with many challenges associated with business during each and every era. When it comes to the year 2023, what kind of new challenges you might be facing?

 

[Shavkat]

The only challenge that I can see is related to Covid-19. It is best to have a zero covid cases policy like in China.

 

[cherry123]

I will still be the good old problem of funds. o know a lot of people will want to go into business this year but the funds isn't just there

 

[hastral45]

In Nigeria, the challenge anyone would has in starting business is that of power supply, security, roads and taxes.

 

[cherry123]

In Nigeria, the challenge anyone would has in starting business is that of power supply, security, roads and taxes.

The taxes now is becoming very terrible. you pay for a lot of things in the name of taxes for the government

 

[Bisolami]

I think one of the challenges you can face in business is not having enough customers. You still need to be persistent

 

[cherry123]

I think one of the challenges you can face in business is not having enough customers. You still need to be persistent

Definitely when you have low sales it can kill a business but you need to keep at it to Excel

 

[Bisolami]

Yes oh
You just have to find a way to continue running the business. It is very necessary

Definitely when you have low sales it can kill a business but you need to keep at it to Excel

 

[Starmix]

Challenges are part of business and through them, we become stronger. Let us never surrender.

 

[cherry123]

Yes oh
You just have to find a way to continue running the business. It is very necessary

One can just take a short break to restrategize but don't quit forever.

 

[Chibson]

One can just take a short break to restrategize but don't quit forever.

Probably, in any kind of business you're doing you don't need to quit. Failure may occur but your ability to continue striving is what really matters. You also need to understand that businesses comes with a lot of challenges.

 

[Stardom22]

As for me in my country, a person Starting a business this year may face higher prices of goods therefore they must pull up their socks by providing a higher amount of capital for the business start up.

 

[cherry123]

capital has always being one of the problem people have when it comes to starting a business.

 

[Bisolami]

One can just take a short break to restrategize but don't quit forever.

I am strategizing again and also looking for more capital so that I will be able to get something reasonable

 

[Chibson]

capital has always being one of the problem people have when it comes to starting a business.

Yeah, without capital there is no way you can be able to actualize your business idea. Capital is one of the most important thing.

 

[Bisolami]

Yeah, without capital there is no way you can be able to actualize your business idea. Capital is one of the most important thing.

Capital is very important in business
We really need it. If there is no capital, there is nothing

 

[Chibson]

Capital is very important in business
We really need it. If there is no capital, there is nothing

Probably, even when you are running a service-based businesss, you need capital to keep things running.

 

[Bisolami]

Probably, even when you are running a service-based businesss, you need capital to keep things running.

Exactly
Even when you think you have the best business idea, you still need capital

 

[Chibson]

Exactly
Even when you think you have the best business idea, you still need capital

Definitely, without the necessary capital, you will not be able to actualize your business dreams. That's why people take loans.

 

[Johnson2468]

Starting any kind of business during any kind of year is not an easy thing because as a businessman, you may have to deal with many challenges associated with business during each and every era. When it comes to the year 2023, what kind of new challenges you might be facing?

Lack of sufficient fund