disadvantages of a small business
- Created by: samadhi
- Created on: 12-04-13 21:52
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- Disadvantages of a small buiness
- May have limited access to sources of finance
- May find owners to carry a large burden of responsibility if unable to afford specialist managers
- may not be diversified, so there are greater risk of negative impact of external changes
- If family owned , the original owner may restrict innovations
- there may be family rivalries
- keeping control may take priority over business expansions
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