on a recent survey taken amongst over 10,000 small businesses
both in the USA (by the Small Business Administration (SBA),
Europe and other developed and developing countries, we have listed
the ten most common problems, which make the task of operating
a small business more and more difficult, especially with more
competition and coping with a recurring world recession. The material
that our firm has researched, specifically investigates these
common problems and we hope will help the entrepreneur and
small business owner, to survive the difficulties experienced
by their fellow entrepreneurs.
Problem Number 2 - Small businesses are more likely to become
the victims of fraud than larger businesses. Here's how you
can prevent fraudulent activity in your workplace.
Problem Number 3 - How can one remain positive about yourself
and your business venture? How can one avoid being discouraged?
Problem Number 4 - Choosing the right legal format of ownership
of your successful business venture, mainly for tax benefits
and personal protection.
Problem Number 6 - How to avoid unnecessary income tax on
your earnings from the business, and how to legally use your
Problem Number 10 - How to select good employees, and how
to successfully manage these employees with regard to salaries,
benefits, and labour laws.