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Doing business in an unfavorable environment?
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[QUOTE="Bookwormlux, post: 221049, member: 25193"] There are so many factors that busines owners try to check out before siting their business in a particular location. This is because it goes a long way in determining how far you would succeed in the business. Without a nice business environment z your business stands at risk of failing, and then you run into losses. However, there are certain times where the unfavourable situation of an environment is inevitable for your business or may have come after you have settled down already in the environment to go about the business. I'm this case, there is nothing else to do than to think about how best you can manage the situation and not just complain. What are those things we could do to make sure that our business does not fold up in an unfavorable environment?? Examples of an unfavorable business environment: -Excessive taxes charged, especially if it is a small business. - An environment where there is what and incessant crises. - An environment where the demand for your services has reduced drastically. -An environment suffering from a natural disaster. Have you ever been in such unfavorable business environments, and what are those measures you took? Or do you just subscribe to the idea of running away. [/QUOTE]
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