Answer:
1. Capital
The challenge: You want to grow or start your new business endeavor, but you’re facing difficulties for financing for new business owners.
2. Right Business
The challenge: Two of the most crucial reasons behind failing of new entrepreneurs are the inability of selecting the right business and doing it in the proper manner e.g. ethically.
3. Cash Flow
The challenge: Small businesses can’t survive if they don’t follow cash flow guidelines and this is probably one of the biggest problems that new entrepreneurs face. For example, you perform a job timely, raise the invoice and get paid after a month. In the meantime, you’ve to bear all your business related expenses like your infrastructural cost, your employee’s salary and additionally, your personal expenses. And in case you don’t get paid at all, only some miracle can help you out.
4. Quitting Another Career
The challenge: Most of the new entrepreneurs leave their regular jobs in the overwhelming joy of becoming self-independent. And that too with less than the amount in bank required for living at least a month or two even without any payment whatsoever.
5. Too Many Competitors
The challenge: Dealing with too many competitors in the same field.
Explanation:
pa rate naman po five star thank you
