The possible challenges of small enterprises

[Starmix]

What do you think are the possible challenges of small enterprises? Small business enterprises are always facing several challenges. Inflation has a significant impact on these businesses, leading to a sharp drop in demand and revenue. This has caused huge economic losses because of the skyrocketing prices of the commodities which leads the customers to buy minimally and prefer buying in public markets which have no VAT. Many small businesses have suffered immediate losses and struggle to cope and survive. If they are going to link their enterprises to global businesses, they will suffer the international standards and regulatory requirements and the more financial struggles they will face.

 

[King Belieal]

I think what is required is that small businesses should just target minimal profits rather than having to expect huge returns. That's because the current economic conditions might not allow that.

 

[Starmix]

Small businesses must not make the small business complicated because of the real challenges they're facing with which is inflation. They have to spend minimally.

 

[Augusta]

Small businesses comes issues like funding, good location having steady suppliers and even loyal customers. it's just laden with different problems

 

[eLdavis]

The major challenges small enterprises normally face usually have to do with the funds needed to run and push the business forward and as well reaching out to their target audience.

 

[Starmix]

Small businesses usually suffer challenges during the trying time and in this inflation time. They have tighten their belts and remain cool because the situation remains the same if feel worried.

 

[Bisolami]

One of the major challenges is that they may not have enough customers and it can be really tiring

 

[Fidelia]

One of the major challenges is that they may not have enough customers and it can be really tiring

I understand that particular challenge but it is expected. You get to win the market with good marketing practice.

 

[kerryjoy]

Small enterprises often encounter significant challenges related to securing funds for operations and marketing effectively to reach their target audience.

 

[Sanjeev]

Major challange is thinking for the small size industry is to get the potential customers/market and get enough fund to give salary to the employees.

 

[Starmix]

In this extended rate of inflation, some small enterprises halt in pursuing their plans to increase the volume of their products because of high prices.

 

[Augusta]

Another outstanding challenge would be how to grow the business. You know even a small business owner wants the business to turn big in future. So there lies another challenge

 

[Springtime]

One of the major challenges of small enterprises is lack of funding to promote their business. Another challenge is to find the talents to work for them.

 

[Starmix]

Small businesses owners may challenge themselves to add capital and change the previous plan the recent plan to ease some new financial issues.

 

[Stardom22]

The small enterprises would oftenly face some challenges on the availability of the enough funds for the business and the unfair competition by the big businesses.

 

[magnus2022]

Small businesses usually suffer challenges during the trying time and in this inflation time. They have tighten their belts and remain cool because the situation remains the same if feel worried.

Tighten of belts doesn't work in this inflation. The only remedy is to increase your income channels. If you are working 6 hours daily, you canxadd more 4 hours to make extra money.

 

[Starmix]

Tighten of belts doesn't work in this inflation. The only remedy is to increase your income channels. If you are working 6 hours daily, you canxadd more 4 hours to make extra money.

You are so roght on that, we need to work harder. One job is not enough. Ee could have 3 or 4 jobs online. In offline, we can have part-time jobs.

 

[eLdavis]

One of the major challenges is that they may not have enough customers and it can be really tiring

True it can be pretty hard for most small business owners to reach out to their target audience, hence making it hard to get more customers.

 

[Starmix]

Ienwrs of small enterprises are also smart because their business is full . My neighbor has a small enterprise but full of goods and no one thinks that inside has full of bulk products.

 

[King Belieal]

True it can be pretty hard for most small business owners to reach out to their target audience, hence making it hard to get more customers.

The question of not having enough customers being a business challenge for a small business should only be a concern at startup. Running for a year, a small business should have substantial customer base.