
A tire manufacture that was once a household name recently complained that imports from China were helping to destroy its business. It was looking for help to rescue its business from financial difficulties. One doesn’t really know all the forces that are affecting this business but it’s circumstances does make one think what has management been doing to avoid the crisis?
Small and medium-size businesses can be impacted by outside and inside forces. By external factors, I mean the competition, customers and markets. It could also be legislation. Interior factors would include management, processes and controls as well as costs, cash flow and product quality. Continue reading “Outside and inside forces that can bring small businesses to their knees”