challenges faced by local businesses
The challenges faced by local businesses refer to the obstacles or difficulties that small-scale enterprises encounter on a community level, typically related to limited resources, competition from larger corporations, regulatory burdens, economic fluctuations, and lack of access to capital, manpower, or technology.
Requires login.
Related Concepts (1)
Similar Concepts
- access to resources for local businesses
- building a thriving local ecosystem for businesses
- challenges
- challenges and obstacles to delegation in small businesses
- challenges of delegation in business operations
- collaboration between local businesses
- entrepreneurship in local communities
- grants and funding opportunities for local businesses
- impact of tourism on local business development
- importance of local markets for small businesses
- local business regulations and policies
- local businesses
- marketing strategies for local businesses
- small business strategies
- supply chain and manufacturing challenges