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set up a / run your own business (stiff competition survive in a…
set up a / run your own business
stiff competition
survive in a competitive world
survive in a fast-changing world
compete against multinational giants
break into a market
do market research
specialise in...
niche business
lifestyle business
make a profit
make huge profit
a foot in the door
achieve success in the modern business world
7 more items...
cash cow
create more employment opportunities for people be made redundant
ineffective business strategies
ineffective market research
poor customer service
a dead duck
encounter various challenges and obstacles
serious financial and economic crisis
take on risky contracts
experience regular cash flow problems
pay in arrears
keep head above water
face potential collapse
cut throat competition
go belly up (v)
go bankrupt
declare bankruptcy
go out of business
be broke
A takeover
buy at auction
A merger
make cutbacks
walking papers
be detrimental / harmful to the country's socio-economic development
entrepreneurs
have social responsibilities
enhance their public image
charitable donations
environmental protection programmes
staff volunteering projects
make significant contributions to
provide financial support for
strengthen the banking system
offer in-depth advice on something
government assistance for small and medium-sized enterprises
Create favorable conditions for doing business
Grease someone's palm = undertable money (n)
earn a living