btaliat
VIP Contributor
Most of the time, unemployment and passion for business make some people to venture into business. However, lack of enough capital turns them to small and medium scale business persons.
There are many problems that these SMEs (Small and Medium Scale Enterprises) face. These problems are dream killers for anyone who doesn't have solid determination.
Access to loan is the first on my list. We all know loan is mostly used by the business owners to expand their business. But because the banks don't always belive in the future of the SMEs owners, or maybe there is other reasons, they don't always give them loans.
Another one is survival amidst stiff competitions. The large scale business owners intentionally don't want the medium ones to grow. They hereby intentionally frustrate their efforts especially if they are situated in the same place. They may intentionally introduce promo or furnish their shops to entice buyers against the medium owners
Which other problems can you think of?
There are many problems that these SMEs (Small and Medium Scale Enterprises) face. These problems are dream killers for anyone who doesn't have solid determination.
Access to loan is the first on my list. We all know loan is mostly used by the business owners to expand their business. But because the banks don't always belive in the future of the SMEs owners, or maybe there is other reasons, they don't always give them loans.
Another one is survival amidst stiff competitions. The large scale business owners intentionally don't want the medium ones to grow. They hereby intentionally frustrate their efforts especially if they are situated in the same place. They may intentionally introduce promo or furnish their shops to entice buyers against the medium owners
Which other problems can you think of?