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Factors impacting Growth, Survival and Extinct of Small Firms And Relation…
Factors impacting Growth, Survival and Extinct of Small Firms And Relation with Enterpreneurship
Economic Conditions like recession and inflation
Machinery, raw material and labour cost rise
Consumers feel reluctant to purchase
Profit levels diminish
Market Demands and Competence levels of Competitors
Enterpreneurial Initiatives
Local market growth initiatives
International expansion strategies
Financial Management
Bank Assets
Liquid liabilities
Private credits
Managerial Skills and Competencies
Time management
Resource management
Technological Upgradations and Obsolescence
Resourcefulness
Innovation and Creativity
Continuous Innovation Strategies
Research and Development
Reinvesting in New Ventures
Learning from Failures
Risk Taking Skills
Outbreak of Pandemic and forced lockdowns
Ineffectiveness in adapting to market changes
Failure to learn from mistakes
Lacksaidical approach in diversifying business
Continuous upgradation of the training and skill development department
