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The challenges of starting a small company - Coggle Diagram
The challenges of starting a small company
Introduction: Starting a small company comes with a range of challenges.
Sub-topic 1: Hiring Qualified Employees
Key to having a business run smoothly
Productively
Business’s Success
Qualified employee is a key to a business
SWOT Analysis
Sub-topic 2: Making Profit
Reinvested back into the business for future projects
Economic opportunities, expanding employment, and an increase in growth.
Invest, expand, and take risks
Expanding business activities
SWOT Analysis
Sub-topic 3: Finding, retaining customers
Marketing strategies are important
Reduces costs, increases profit
Offering incentives or loyalty programs
Providing the best customer experience
Conclusion: Finding new methods or having options when making business decisions will ease the management tasks when starting a business.
Sub-topic 4: Time management
Better run business
Allows more time for long term planning and strategies
Creates an organized and stress-free work environment