CARL JANN MAGULADO GRADE 11-VENUS (A) EAPP

SOURCE

https://www.waldenu.edu/programs/business/resource/top-five-challenges-small-business-owners-face?
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Lack of Funds

Nothing can hold a business back like money problems. This is even truer for small businesses.
While larger companies have enough cash flow to keep up with payroll and keep the lights on,
small businesses are often in a less stable situation. If one big client fails to make a payment,
your small business may not be able to cover its bills. There are plenty of tales of small business
owners giving up their own salaries in order to pay their employees and vendors. And, sadly,
there are plenty more stories of small businesses failing because they ran out of funds.

Lack of Time

Are you working on the business or in the business? For small business owners, the answer is
often both. You are the one responsible for executing business plans and winning new business,
but you might also be answering the phones, filing the paperwork, and dealing with vendors.
The smaller your business, the more tasks you’re likely to have. This time crunch can be difficult
to manage and can cause important matters to fall through the cracks.

Difficulties Balancing Growth and Quality

It’s a common story: one day you’re celebrating landing a big client, and the next day you’re
struggling to keep up with the new client’s needs. For small businesses, growth often comes with
growing pains. In many instances, you have to make the choice between working long hours—
and asking your staff to do the same—or finding ways to cut corners. Neither is a great solution,
meaning that, ultimately, you will have to find a way to grow your business without hurting your
business.

SOURCE

https://moneyview.in/blog/7-ways-to-cope-with-a-financial-loss/?
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Sometimes a financial loss can be crippling in its magnitude and leaves us with problems dealing with
financial expenses even in our day-to-day lives. In that case, it is okay to take a short-term personal loan
to tide over the situation.