- Insecurity, e.g. wars, robberies, thieves etc
- Poor infrastructures, e.g. roads, railways
- Inadequate market, there is limited market for the goods
- Lack of skilled manpower to manage business operations
- Lack of enough capital to stock a variety goods needed by customers
- Lack of enough funds to expand on their businesses they don’t get loans because
of lack of collateral securities needed by lenders - Language barrier especially to people who get involved in importation and
exportation of goods - Traders face difficulties with various laws and regulations which must be followed
during business transactions.
- Lack of appropriate storage facilities especially for perishable products
10.Customers’ changing tastes and fashions for some of trading businesses.
11.Stiff competition from other businesses which reduce their market
RELATED POSTS