What problem related to personnel is faced by small-scale enterprises ?

Explanation

Problems faced by small-scale enterprises are as follows:

1. The main problem faced by them is the problem of finance. There is no or inadequate availability of finance is there to carry out their operations.

2. Another major problem faced by small-scale enterprises is the availability of raw material. If the required material is not available than they have to compromise with quality and have to pay high prices for raw material.

3. Small business is generally promoted and operated by a single person and that's why there is a lack of managerial skills, they do not have that much technical knowledge and skills.

4. They face a problem in getting the required number of labour. Small-scale enterprise has to pay high salary and wages to labour because employee turnover is high and productivity is low.

5. Next problem they face is of marketing. Marketing of the product is very much difficult and most important for generating revenue.

6. Another problem is to provide quality of product and then maintaining the standard of that quality of the product.

7. Small-scale enterprises also face problem in terms of updated technology use and often uses outdated technology.

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