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

[Thosynho]

You should have courage and you should become strong emotionally and psychologically. Because one of the hurdles that you will encounter is being judged by your own family, friends and relatives, that they do not believe on what youre capable of. The only thing you can do is prove them wrong 🙏

Nice one i love your point. I also think a major hurdle new entrepreneur face is how to source for capital to start the business. This has been a major barrier for lots of entrepreneurs to starting their business.

 

[Godleads1]

One of the hurdles one needs to overcome is the hurdles of jumping into a business that you do not know much about. Because Mr A is doin a business and is successful at it doesn't mean you Mr Q will do it and be successful. Know the business well.

 

[Akinwale701]

Starting a business for the first time can be a huge challenge for many people. Before starting any business, fears of whether the business will succeed or not and doubt about our capabilities to start the business arise.
What can we do to make it easier for us when starting a new business?

If you're starting a business newly, you will indeed face a lot of challenges, these are to test whether you are actually ready and fit for the business or not or you are just out there to do what others are doing and be called an entrepreneur.

 

[Erik4150]

There are many factors you need to consider before you start a small business. You need to survey and evaluate the market to know your target audience and what they are looking for. Your location will play a big role in the growth of your business so be sure to situate your business in a good location.

 

[Abdul Naveed]

Running numerous businesses almost without the best team to help you handle your responsibilities. Impossible. In some cases, hiring a helper can help you keep track of your various responsibilities. When running multiple businesses, you want to spend time on important tasks.

 

[tuna89]

Note that your aim is to make the small business grow into medium or large scale, therefore the foundation has to be solid, select your products carefully, make sure they are products that have a strong buying power, also make sure you are located in an area with good population and which is accessible, plan your management, budget all into your business plans, employ great customer service skills, marketing and sales skills and do not over spend.

 

[Mostee501]

Challenges to encounter while starting up a small business, customer huntings, good customer relationships because not all customers are easy to go down with. Low turnover of customers at the beginning and at some stage in the business.

 

[Psalmsavatar]

Hurdles to cross in small scale business are : (1) Finance (2) Raw Material (3) Idle Capacity (4) Technology (5) Marketing (6) Infrastructure (7) Under Utilisation of Capacity (8) Project Planning! Small scale industries play a vital role in the economic development of our country.

 

[Damismiling]

As a beginner, you will face challenges that might weigh you down, during start up. All you need to do is steadfast and ability to shrug off the challenges or threat it pose. I remembered when I was starting my offline gaming shop, where financial issues tried to derail my ambition. But ability to save up more to meet up my aim made me to succeed by starting my desired business.

Yes every beginner it newbies will face one challenge or the other, but determination and consistency is the key to a flourish business, you will face rejection From clients, little income and little profit all this can weigh you down, you must stay true

 

[Samuel77]

According to my own point of view I believe before starting any business you need to know more about the business lenwell makeup salvation and be sure of the business before starting if you have all these in mind we will have the confidence to go along with the business without any doubt

 

[Sheyemanu]

Concerning your question, you are definitely right. Businesses are facing serious challenges in the market, but I think the economy is also playing a big role there also. If the people don't earn enough they will not bother to try the new product or try to buy from your business, also your product must be targeted to a particular set of people.

 

[Olubayo12]

Starting a business for the first time can be a huge challenge for many people. Before starting any business, fears of whether the business will succeed or not and doubt about our capabilities to start the business arise.
What can we do to make it easier for us when starting a new business?

The hurdles are not that many if you know how to play your game around the business. My main problem in starting a new business is the ability to cope with competition. When you have to struggle with those in the business already.

 

[Akinwale701]

Starting a business for the first time can be a huge challenge for many people. Before starting any business, fears of whether the business will succeed or not and doubt about our capabilities to start the business arise.
What can we do to make it easier for us when starting a new business?

They are too many to be mentioned. In business one encounters a lot of hurdles and if care is not taken, all those hurdles are enough to knock one down off his feet but a business owner needs to monitor that area very well and be strong

 

[Lyrrex]

When starting a new business, you must be sure that you are taking a big step, for that you must have evaluated the environment, the right place and have good quality products. Give the best treatment to the client so that they return to the business and recommend it, apart from that you must be aware of the businessesaround you, their prices and try to be up to par or improve them.

 

[Thosynho]

If you're starting a business newly, you will indeed face a lot of challenges, these are to test whether you are actually ready and fit for the business or not or you are just out there to do what others are doing and be called an entrepreneur.

One of the hurdles to cross is making a good business plan. Planning is very critical in starting a business and once you didn't get your plan right from onset, you can be sure of finding it difficult in the business.

 

[Chumzy]

The word business is not an easy adventure for anyone to undertake. One must ensure that he sees a problem in the community and then takes advantage. Then also he should ensure that it is one people are willing and able to pay for.

 

[Adetayo100]

Hurdles small scale business owner faces is having access to startup Capital. A lot of small business owners assume they need access to a large sum of startup capital in order to start up the business another is business planning and advertising.

 

[Akinwale701]

One of the hurdles to cross is making a good business plan. Planning is very critical in starting a business and once you didn't get your plan right from onset, you can be sure of finding it difficult in the business.

Yeah, you're totally right. if care is not taken about getting a good business plan, it will take a lot of time before the business owner will get it right after making series of mistakes as a result of his not being able to get a good business plan

 

[Samuel77]

According to my point of view when starting a small scale business you need capital to set it up, if you don't have much money you can easily get a loan from the bank, but sometimes if you're unable to meet up with the demands of the bank you have to work hard to get some money to start up the business

 

[Frank]

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.

Setting a minimal target for you at the start of the business is the best thing to do. Never rate yourself or the business do high at a level where you won't make it at all. So, be confident that what you are doing will definitely work out.