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Business strategy
What are the biggest challenges faced when starting a business?
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[QUOTE="Activator230822, post: 285396, member: 88192"] Starting a business is actually not easy especially in this trying times. There are so many challenges facing new traders to succeed in the businesses. Firstly is lack of market for the products and services that you are selling. Market is the backbone of any business success. So lack of market for your business means that you would not make any sales here and definitely the business can't prosper. Actually this what kills newly started businesses nowadays. Secondly another problem affecting the new businesses is poor business promotional and marketing strategies with the new traders. This is because new traders lack the experience in implementing good marketing strategies and promotion of their businesses on the online presence since they are newbies and have little knowledge about the whole subject. Another challenge that seems to be very rampant is the lack of capital and the required business financial needs for the business to fully satisfy the needs of the potential customers. [/QUOTE]
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What are the biggest challenges faced when starting a business?
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