10 MAJOR PROBLEMS THAT CRIPPLE BUSINESSES

 10 Major Problems that Cripple Businesses

Owning and managing a business may not be the easiest of tasks, but the joy that is derived from the successful navigation of your business can hardly be quantified. Your business needs you to give it purpose, vision, direction, and sustenance. And, once you are able to provide these, especially in the early stages and active development phases of the business, you can be sure to enjoy the benefits of business success.

Throughout this book, we have concentrated on some typical problems that cripple businesses more from the perception of what you, as a business owner may have control over. The truth of the matter however is that there are several other

environmental and external problems that pose challenges to small businesses in particular, which you have little control over. These may include government policies, national inflation and similar macroeconomic conditions, global economic

recession problems, natural disasters, climatic changes and its consequent changes etc.

The best that you can do as a businessperson is to be proactive in your responses to these issues. This would require you to be “response- able” in mitigating against these major devastating business challenges.