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What are the biggest challenges faced in business today?
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[QUOTE="Kendy, post: 222058, member: 63869"] There are many challenges faced in business today and the one that always top the chart is lack of funding. The inability to fund a business leads to its decline. Business owners have incurred bad debts all in the name of financing the business and at times, it does not yield productivity. Also, government policies is also one factor that impedes the progress of a business. Government regulations and excessive tax alloted for businesses to pay has stood as a barrier to the growth of various businesses. Poor marketing has also been an obstacle to effective business. There are some business owners where for over time, they do not engage in advertising their products or services to potential customers. They fail to realize that with the level of competition today, an entrepreneur is meant to source for his customers. The market base could also be a challenge in business. Where the demand is not high, the business would not likely boom. The suppliers too could be a major challenge with continuous supplying of low quality of products. The business owner should take it upon himself to be definite on who his supplier should be. Finally, the competitors is also a major challenge most businesses face that is why creativity and innovation should exist in business. [/QUOTE]
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What are the biggest challenges faced in business today?
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