Problems that a new business may face

IB Business Management: Problems that a new business may face

All businesses face challenges when they are first set up. Even highly successful large multinational companies once struggled. Netflix, for example, was established in 1997, but was not able to earn any profit until 2003. Amazon was founded in 1994, but it wasn"t until the fourth quarter of 2001 that the online company finally declared its first profit.Problems that new businesses may encounter include the following:

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