Problems And Solutions Of Small Businesses

Many small businesses have been established worldwide from the past to the present. Small businesses are important element life of a country’s economic, social and political. However, there are many problems that small businesses face both in the past and today. Many solutions to these problems have been found by experts and governments.

Small businesses often face financial problems. The reason for these problems is usually that small businesses have limited resources. Another reason that causes the financial problem of small businesses is the increase in cost and therefore the falling profit share. In addition, there is a delay customer  payining  in small businesses and this prevents the flow of money. Small businesses usually have insufficient capital, so there are shortfalls in investment These examples are a few of the reasons for the financial difficulties of small businesses. Small businesses owners can use many solutions to cope with these challenges. Effective solution to help small business owners deal with financial problems more effectively, they can use professional services such as financial advisors and business coaches. These experts  analyze  the financial situation of enterprises and recommend appropriate solutions This solution is an effective solution that will help solve the financial problem.

The second biggest problem facing small businesses is competition because it is very difficult for small businesses to compete with big businesses. The finance, marketing and purchasing power of big businesses are more than that of small businesses The solution to this problem has not yet been found. Some solutions were tried but the problem could not solved . A solution to this problem could not be produced because small and big businesses could not reach the same level. One method that has been tried in Turkey is to give interest- free loans, but it has increased the burden of small businesses. So, this attempt was unsuccessful.

The last biggest problems are human resources and technology infrastructure. The problem of human resources is that there are not enough employees. This is because, small businesses do not have enough finance. The solution to this is definitely the improvement of finance. The technology infrastructure problem of small businesses is that they stay away from technology applications such as accounting. The solution to this is to teach small businesses the use of applications such as accounting.

In short, such problems can prevent small businesses from growing, but they can overcome these obstacles by using appropriate strategies.