Major Challenges Facing Small Businesses:

• Client dependence

Small businesses may suffer from a lack of customers.

• Lack of human resources

Small businesses with their limited budget find themselves difficult in hiring quality human resources. In one-man businesses, the  owners can be managers and workers at the same time. They are not able specialize and work from A to Z. They can become fatigue or falling sick. Then they put their business operations at risk.

• Money/Financial Management

Many small business owners lack of financial management skills to secure their cash flow, working capital, and can go bankrupt easily.

• Balancing quality and growth

When the businesses are growing, small businesses find themselves very hard to maintain their quality of their products and services. They may make their customers unsatisfied.