What are the challenges small business will face in 2024?

[Lens1000]

There's going to be an increase in competition and that will create a significant challenge for small businesses in 2024. Gaining access to affordable loans, finance or capital will remain a very big problem that small businesses is going to face in 2024 and this is going to hinder their progress and growth. That is why small businesses that has expansion plans would face a lot of challenges due to capital.

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Navigating the evolving regulatory landscape would be a big challenge for small businesses as well because they would be faced with changes in tax laws, compliance requirement and that could be a very dating challenge for small businesses.