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It is true that big businesses encounter a lot of problems than small business but small business also has it own problems. Any business that is not well planned, well fund and well managed will have problems.There are some challenges in big business, depending on the kind of management in the business,big business comes with big loss,big responsibilities,a big business owner needs a lot of workers to keep the business moving,if the workers do not work according to the policy,this kind of business will scramble
If you don't have enough capital for your business, then you can take loan from the banks. Many people would say it is not good and advisable to take loan from banks, but for the expansion of the business taking loan is inevitable.Generating enough money to maintain a big Business organisation is one of the challenge and also the ability to pay a large number of staff to work in the organisation is also one of the challenges that people with big business are facing.
I completely agree with you that one of the biggest challenges that most big businesses are facing is not having the right staffs and the business. If a company can prioritise getting good incompetent employees then that business stand a good chance of succeeding.Competencies and recruiting the right talent
Again, a small or medium-sized business might not need full-time human resources or recruiting staff, but during peak growth periods, finding the right people and developing the right skills and competencies is the key to a sustainable future. Bringing in a consultant with the expertise to find exactly the workers you need would be a wise investment.
I don't think there is a serious challenges in a big business if the business is already established ,this can only happen at the early start of the business and when the person do not have money to face the challenges. Money is also important.As the name implies, big business big challenges. The challenges involves in big are numerous from employing the right people to get the job done in the business to how to manage the resources to maximize profits enough to cater for the needs of the business.
Being a big business doesn't necessarily mean that the business is successful . There are small scale business that is generating more profit than big ones .There are a lot of advantages in big business much more than the disadvantages because a big business is more profitable than a small business, the only disadvantages in big business is the capital to start that is all.
I totally agree with you. Every businesses comes with it own challenges either big or small but big businesses tends to have more challenges due to the capital involve in funding it and the size of the staff strength.No matter the size of the business there would always be one challenge or the other that's why it's advisable to always have competent people in charge
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