What is the biggest challange for most business

[Smiles20]

One of the biggest challenge for most businesses is how they can be able to control situations that are unforeseen. That is why any slight change in fortunes usually result in a shut down.

 

[Syldan]

Actually there are alot of challenges facing alot of business enterprise these days though depending on location and type. capital is one of the major challenges.

 

[Godspower]

Actually there are alot of challenges facing alot of business enterprise these days though depending on location and type. capital is one of the major challenges.

This is just the reality. Most business entreprises are limited by the availability of capital. Insufficient capital will definitely hamper the entrepreneur from running his business effectively.

 

[Syldan]

Actually alot of business enterprise are being faced with alot of business challenges since the outbreak of the pandemic most of them are faced with issues of finance to fund there business.

 

[Godspower]

Actually alot of business enterprise are being faced with alot of business challenges since the outbreak of the pandemic most of them are faced with issues of finance to fund there business.

You have rightly summarized it. The problem most businesses are facing currently is inadequate capital to run the business the way it would have wanted.

 

[tyrim88]

I think that the biggest challenge for most business is the ability to manage the risk attached. The risk management is very important and if you know how to manage risk, your business will definitely grow exponentially.

That is one factor though that most business owners do not usually consider,because your ability to reduce risk on your business will go a long way to help the stability of the business,knowing when to veture into a new sector is very key to management of risk.

 

[Good-Person]

A shortage of funds and a poor business strategy is often one of the main reasons why so many businesses collapse and i think that businesses should sort this out.

 

[Kaffyfolla]

It has always been uncertainty about the future, financial management, Monitoring performance, regulation and compliance, competencies and recruiting the right, talented employee.

 

[Danny4cash]

Thr biggest challenge most people faced is getting people to patronize them. No matter how good your business is If you can't get people to patronize you the business will collapse.

 

[Shigobad20201]

One of the challenges of most of the business is competitions ,because most of the big business always chase small business with their upgraded product and through advertisement .

 

[Godspower]

One of the challenges of most of the business is competitions ,because most of the big business always chase small business with their upgraded product and through advertisement .

Competition is a notable challenge for a business due to the presence of rivals. However, I think the major challenge facing many businesses is the lack of capital at their disposal.

 

[Danny4cash]

Well, taking business online is different from advertising business online. Advertising online means you're just creating awareness for business through social media while taking business online means you are making use of social media as a virtual market where people can buy anything they need from you. Taking business online has many challenges and one of them is ability to deliver order goods to customers.

 

[Kane]

Competition is the biggest challenge for most businesses. These days the market has reached a saturation level so businesses are having difficulty in generating sales. Even the companies like Apple and Samsung are facing competitions becaus every now and then new phone companies get in to the market.