What factors undermines the growth of business in your region?

[Stardom22]

Like there are so many factors that hinders business growth based on the location and other parameters. Like in my region the business growth is at very slow pace due to poverty and lack of funds among the local people here.

 

[neku]

The success of a business owner depends to a large extent to the community to which a business owner belongs and whether he or she is well connected. Migrants from poorer communities are often criminally defamed since there is no one to defend them, denied the income and opportunities they deserved.

 

[Augusta]

Numerous factors including economic conditions, competition, lack of funding, inadequate planning, skills gaps, and ineffective marketing.

 

[Suba]

There are several factors that can undermine the growth of your business, such as low purchasing power, lack of capital, poor management, very high levels of competition, government regulations, etc.

 

[eLdavis]

At the end of the day, the capital needed to fund the business is one of the major reasons why most businesses fail.

 

[Springtime]

Here, the eateries, retailers and some entertainment business such as cinema are facing big challenges. Many businesses have closed down. This is due to the fact that many people in Hong Kong are going to China to have entertainment or buy necessities which are much cheaper.