Challenges of starting a small business

[Johnson2468]

The challenges can be risk of financial loss, the difficulty of building a customer base, and the need to wear many different hats as a small business owner.

 

[Magnus2022]

The major challenges of starting a business especially small business is building customer base. It is most difficult especially when you are not financially okay. First, you may not be able to have all the demand of all your new customers. Secondly, you may not be able to buy products in bulk thereby affecting your profit.

 

[Sanjeev]

A major challenge in the business is to compete in the market and find customers and meet the breakeven point first and have a profit. Also one has to check the manpower and overheads to check if the business doesn't get in the loss.

 

[nomad]

One of the major challenges I see in small businesses is related to the marketing budget. marketing is essential but small businesses do not have enough funds for marketing.

 

[Reedex]

There are several challenges in running a small business because most of the small businesses are one-man business and distress that is involved is great.

 

[Bisolami]

The challenges can be risk of financial loss, the difficulty of building a customer base, and the need to wear many different hats as a small business owner.

The major challenge is having customers because you cannot expect yourself to have customers immediately you start the business

 

[Springtime]

Some of the challenges include finding customers, increasing brand awareness, managing cash flow and attracting the right talents to work for the company.

 

[Shavkat]

During the startup of business, it is expected that there are a lot of challenges. However, if the owner had his research in doing so. There will be no problem.

 

[eldavis]

Small business owners also have their chair of challenges to go through. One of which also includes have a stable flow of customers.

 

[Stardom22]

The main challenges for starting small businesses is the availability of capital. Most people aspiring to start small Businesses are quite broke.

 

[Heatman]

Capital is the biggest challenge of starting out a small business. Man power shortage have never been an issue with small scale business.

 

[uptrendfinancialsignal]

The major challenge that is militating against starting up a small business is capital.