What are the hurdles one needs to cross when starting a small scale business?

[Alexandoy]

Whether it is a small or big business that you have the biggest hurdle is to surpass the projected income and profit so that you will not have a problem with the finances. Usually when the operating funds gets short and you borrow money that would be a mistake that could lead to something worse.

 

[tray591]

Whether it is a small or big business that you have the biggest hurdle is to surpass the projected income and profit so that you will not have a problem with the finances. Usually when the operating funds gets short and you borrow money that would be a mistake that could lead to something worse.

That is why if you can read some of my post in this business section you will see that I talk about reinvestment,you dont need to consume both your profit and the invested capital the business is going to sink so the most important thing is for you to reinvest your little profit to grow the business

 

[Psalmseen]

There are lot of hurdles that a new business will face. To uphold a new business and for it to stand the test of time isn't at all an easy task. One of it, standing completions from the existing businesses that you're into the sales of the same product.

 

[Heatman]

Starting any business has it's own hurdles, but since it's a small business the courage to start it is the first hurdle.

Other hurdles includes, getting of clients, discouragement due to size of the business.

As a new business that just started you always first the challenges of getting your product to break into the market and then start getting customers patronizing it which is not an easy task.

 

[Kvngsammy]

One thing that can be done to eliminate this fear of succeeding or not is to first get the requisite knowledge about the business, conduct your research about it's viability and then just start.
A lot of people don't make headway because they're so conscious of making everything perfect before they start anything.

 

[kinqzbitz]

Well they are so many hurdles one needs to cross but then you have to be very committed to your work and you should also be very dedicated and it that way things will be a lot easier

 

[jay]

There are not so much hurdles or obstacles, while staring a small scale business, but you may have to face them in large scale business. If you are unexperienced in small scale business then, there you may have to face some challenges regarding management, planning and resources handling.

Another challenge that faces most new businesses especially the ones that are being carried out online is the possibility of dealing with scammers who are there to steal from you if you're not careful.

 

[greenie]

There are many hurdles to pass before setting up a new business. Taking the decision to start a business is a hurdle. Deciding on what type of business to do,the location, raising capital for the business and running the business. In fact everything involved in starting a business is a hurdle that's why it's not for the faint hearted.

 

[Laurentta]

When starting a business, one should have thought abour it and be very sure he or she is ready to face the multiple challenges that comes with starting a business. He or she should know that just as owning a business hae advantages, it also has disadvantages.

 

[Heatman]

Starting any business has it's own hurdles, but since it's a small business the courage to start it is the first hurdle.

Other hurdles includes, getting of clients, discouragement due to size of the business.

Lack of capital to start the business is one of the biggest challenges that face is so many people who want to start a small-scale business and when they eventually start the business they also face the challenges of making their own customers.

 

[jay]

Starting any business has it's own hurdles, but since it's a small business the courage to start it is the first hurdle.

Other hurdles includes, getting of clients, discouragement due to size of the business.

If you don't have the capital that will be used to start up the business there is nothing you need to worry about college or clients that will patronize the business because the business will not even come into existence.

 

[Sotherefore]

To me small scale business is associated with low profits. Even if I have to start up a business I need to make sure it is really a profitable and high demanding business.

 

[Syldan]

Actually fares of failure is one of the elements that can run down a business very easy. when you want to start a business, it's expected of you to be free from fear and othet things that may hinder your efforts in doing a business.

 

[Sincerem]

So many people are afraid of failure and that is why they are not able to make progress in their business. They are insecure too. Some do not even have the required confidence and zeal to start up the business of their choice. All this must be overcome to progress perfectly in your business of concentration.

 

[tyrim88]

No doubt starting a new business can be very challenging and at the same time very demanding. To ease all such stress you can deliberately try not to beat yourself too hard. Try not to expect too much from yourself and the business at the beginning, instead just give it time to grow and stand the test of time. Also, read and keep learning about how to succeed in that line of business. No knowledge is ever lost. With time things will fall into place.

One of the challanges most businesses face expecially new business is on the issue of getting customers,on a contineous basis,because customers are the people that will sustain the business,and then the ability to study the market is another one.

 

[Sotherefore]

Small scale business are not likely to generate much profit most especially at the earliest stage and this is one of the things you must be ready to face as you ventured into any business of your choice as a small-scale owner

 

[tyrim88]

Actually fares of failure is one of the elements that can run down a business very easy. when you want to start a business, it's expected of you to be free from fear and othet things that may hinder your efforts in doing a business.

That is what is called the uncertaintity,because once you are starting a businee you will need the tutorlage of someone that has been in the business and also yor capacity and managerial skill is also needed.

 

[Syldan]

Actually in running a business either big or small scale, you always have to balance between your income and spending so as not to spend more than you earned.

 

[Shigobad20201]

We have tons of hurdles to cross when starting a small business , first you need the money needed to fund the business , secondly you also need a good location for the success of the business .