What is the biggest challenge you are currently facing as a business owner?

[Chibson]

The major problem so many businesses are facing in this part of the world is high rate of inflation. when there is high rate of a fraction so many people will not be able to purchase certain products again. Unfavorable government policies is also another thing.

 

[Good-Person]

A lack of money and management skill is one of the biggest problems I have been facing for a really long time. This is because I do not have any kind of experience when it comes to managing and running business.

 

[Syldan]

Actually the economy has really been devastating and to some extent some business enterprise are not faced with a single but alot of challenges such as finance due to the effects of covid.

 

[Godspower]

Actually the economy has really been devastating and to some extent some business enterprise are not faced with a single but alot of challenges such as finance due to the effects of covid.

Things aren't really rosy like before. A lot of factors have affected the ability of many people to run businesses successfully. One of such factor is lack of capital.

 

[tyrim88]

Location issue is currently the challenge I'm facing right now in my business. After relocating to a new location my business is not growing profitable as it was before.

Well as they say the ability to generate sales is very local,though one might suggest going online to advertise you business,but it entailes a lot base on your environment and what you are selling.but getting a good locattion is very good for a start.

 

[Good-Person]

Obviously a clack of capital and resources is the biggest challenge many people face when it comes to business. This is becoming a huge problem for many people as inflation grows.

 

[Godspower]

Obviously a clack of capital and resources is the biggest challenge many people face when it comes to business. This is becoming a huge problem for many people as inflation grows.

Lack or insufficient capital. Like you said, majority of businesses are hampered by the fact that they are unable raise enough capital and this has affected them so much.

 

[joy101]

Well, I think one of the major challenges that business owners who are just starting are facing might be consistency problem. I think most business owners find it hard to remain consistent and focused.

As a business person you can have so many challenges one can face when it comes to saving aspect, because the fear of having lost in the business can be may point there, because business person who will like to lose in their business.

 

[Godspower]

As a business person you can have so many challenges one can face when it comes to saving aspect, because the fear of having lost in the business can be may point there, because business person who will like to lose in their business.

A business man should always be prepared to take risks in business. Instead of always saving, why not make proper investments that are likely to yield interest with the capital you have.

 

[Shigobad20201]

As an entrepreneur that's trying to expand my business , getting the needed money without going into loan is the main problem I am having currently , because loan sometimes might affect the business .

 

[Sincerem]

As an entrepreneur that's trying to expand my business , getting the needed money without going into loan is the main problem I am having currently , because loan sometimes might affect the business .

Expansion of my business is also one of the challenge I am facing. In gaming business purchasing of top-quality gaming's gadget to establish a new business in a different location is quite expensive . If I have money that is what I will try to do .

 

[Godspower]

Expansion of my business is also one of the challenge I am facing. In gaming business purchasing of top-quality gaming's gadget to establish a new business in a different location is quite expensive . If I have money that is what I will try to do .

You have very wonderful plans for your business. But just like several other entrepreneurs, you are limited by capital. If there is access to sufficient capital, there would be a lot of actualization of business ideas.

 

[Sincerem]

You have very wonderful plans for your business. But just like several other entrepreneurs, you are limited by capital. If there is access to sufficient capital, there would be a lot of actualization of business ideas.

Yes and I don't see the need of getting a loan to start up a business , it is not really in my plans and preparation because a loan sometimes may not work in certain business since it might take a long time to raise back the money.

 

[Syldan]

Actually the global economy has been interrupted with the outbreak of the covid 19 and alot of economy have been suffering it. most business enterprises are facing financial challenges to meet up to there business demands.

 

[Godspower]

Actually the global economy has been interrupted with the outbreak of the covid 19 and alot of economy have been suffering it. most business enterprises are facing financial challenges to meet up to there business demands.

One of the biggest challenges I'm facing in my business is insufficient capital. If the government can help in providing financial support to many small scale businesses, then it would be better.

 

[Syldan]

One of the biggest challenges I'm facing in my business is insufficient capital. If the government can help in providing financial support to many small scale businesses, then it would be better.

Actually finance, that's capital, is one of the most serious challenges that most business entrepreneurs are facing. there Inability to meet up to there financial demands and no any government has ever tey making policies that will helped in supporting small scale business.

 

[Shigobad20201]

The main challenges most entrepreneurs are facing with their business nowadays is the issue of inflation which has eaten deep into their business , It makes it hard for them to even save.

 

[tyrim88]

Though various business persons usually have their own issue when it comes to business,but on a personal basis,i would say that one issue that i face is on the aspect of customer aqusition.

 

[Shigobad20201]

Currently I am battling with two major challenges as a business owner and one of the challenges is that the location where my business is situated is not good enough thereby affecting my business negatively .

 

[Sincerem]

Currently I am battling with two major challenges as a business owner and one of the challenges is that the location where my business is situated is not good enough thereby affecting my business negatively .

It might require some money for you to be able to get a good location for your business because you have to rent it. This would have not been a problem if you are very sure your business can be progressive in a better location.