GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Build a loyal customer base
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Establish your business name
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Hire more people right away
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Develop a good reputation
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Detailed explanation-1: -Recruitment, Retention of Employees, and Labor Quality. Challenges in labor quality, including employee recruitment and retention were cited by 55% of small business owners, making it the largest challenge. For the first time ever, lack of capital was pushed from its top spot as the number one small business challenge.
Detailed explanation-2: -Don’t rush. Think hard about your needs. Understand and identify what’s really important. Know what you have to offer. Think outside the box. Ask specific questions. Don’t take their word for it. More items •21-Feb-2023
Detailed explanation-3: -A company name. Company structure. Business plan and research. Skills gaps, experience and training. Space and equipment. Finance and accounting. Marketing. Licensing and legality. More items •21-Aug-2020
Detailed explanation-4: -Neglecting to make a business plan. Inadequate financial preparation and resources. Failing to monitor progress and adjust. Buying assets with your cash flow. Avoiding outside help. Setting the wrong price. Ignoring technology. Neglecting online marketing. More items