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Struggles encountered during business expansion.
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[QUOTE="Johnson2468, post: 296008, member: 93261"] Securing the required capital is one of the most significant obstacles for firms wanting to expand. Small and medium-sized businesses (SMEs) may struggle with this since they may not have the same access to finance as bigger businesses. A company may discover that its internal systems and processes get more complex as it develops and grows its business. Due of this, it may be challenging to manage operations effectively and efficiently, which may result in inefficiencies and higher expenses. Market saturation is another major issue that businesses face when growing their businesses. A business may discover that as it grows, there are many other businesses vying for the same small pool of customers. [/QUOTE]
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Struggles encountered during business expansion.
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