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What you can't overcome in business?
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[QUOTE="Phantasm, post: 332315, member: 94599"] Businesses confront many challenges such as economic uncertainties, market saturation, rapid technological change, complying with the regulations, finding talent and keeping it, globalization and supply chain disruptions, cybersecurity risks, consumer expectations and trends, environmental and social responsibility of businesses. Being in an economic downturn can imply less spending on the part of consumers, reduced monetary allocations and more stiff competition. Market saturation sometimes makes it difficult for new comers to access into the market. Rapid technology changes have both opportunities and disadvantages associated with them but can be overwhelming among small companies. Meeting regulatory requirements requires dedicated resources and expertise. Also talent acquisition as well as retention remain a challenge since competition for best employees has grown intense while workforce preferences for certain aspects are changing hence demand invention. Globalization together with supply chain disturbances can affect operational stability and cost of goods sold by any organization. Threats to online security, customer expectations as well as management of finances are ongoing issues that businesses must deal with on a daily basis. Overcoming these barriers often involves being able to bounce back from difficulties as they come along: to look forward at what lies ahead; not fearing change but rather embracing it. [/QUOTE]
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