disadvantages of a small business

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  • 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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