Key Challenges Faced by Small Businesses

Limited Financial Resources

Small businesses often struggle with a lack of funds, making it hard to invest and handle unexpected expenses.

Marketing and Visibility

Establishing a strong presence can be difficult  with limited budgets and resources compared to larger competitors.

Competition

Small businesses face tough competition from larger companies, making it challenging to attract customers.

Cash Flow Management

Maintaining a steady cash flow is crucial for survival, as revenue and expenses can fluctuate.

Compliance and Regulations

Navigating regulations and compliance requirements can be overwhelming and time-consuming.

Technology Adoption

Integrating technology can improve efficiency, but it might be a hurdle for some small businesses.