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Common and obvious problems faced by small business owners.
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[QUOTE="CALVINDOL, post: 268020, member: 43757"] Sometimes when individual reside in a country where unemployment is high in rate some of these individuals turn to the establishment of small-scale businesses so as to fend and Carter for their needs and wants and even that of their family members and relatives . For example in Nigeria, there is absolutely no major road, local Street, feeder road that you can possibly come across that you won't see a small-scale business because they are scattered almost everywhere . Small scale businesses enjoys a whole lot of benefits, merits, and advantage but yet we cannot regulate the whole lot of disadvantage and demerits faced by small scale business owners . One of the common problems faced by small business owners is the problem of insufficient funds to expand the business . Small scale businesses find it very hard to expand their business , and that is because most members of the public usually neglect this set of businesses but rather go to patronize large-scale ones . Another problem faced by small scale business owner, is literally the problem of encountering too many competitors and business rivals . In a country like Nigeria were almost everywhere is filled with small-scale businesses. Small scale business owners are more likely to encounter similar small-scale business owners carrying out similar business activities and practices possibly in the same street or in the same environment which bring in some sort of competitive atmosphere. [/QUOTE]
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Common and obvious problems faced by small business owners.
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