the obstacles which are hindrance to growth small and medium enterprises
Answer (1)
Lack of Capital – Many SMEs don’t have enough money to grow or expand their business.Limited Access to Loans – Banks may not easily give loans to small businesses, especially without collateral.Poor Management Skills – Some business owners lack experience or knowledge in running a business properly.High Competition – Bigger companies or too many similar small businesses can make it hard to succeed.Government Regulations – Complicated rules, taxes, and permits can slow down or stop business growth.Limited Technology – Not having access to modern tools and technology can reduce productivity.Lack of Marketing – Many SMEs struggle to promote their products or services and reach more customers.Unskilled Labor – It’s hard to grow if workers don’t have the right training or skills.
