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Executive Advisors Executive Advisors

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Name of client: Executive Advisors
Executive Advisors

Top Business Problems and Their Solutions

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Executive Advisors

Top Business Problems and Their Solutions

Issue category Problem Solution

Financial One of the major reasons for entrepreneurs to In such a situation a business has two options, i.E:
be worried is financial issues. It is common for to decrease spending and to increase revenue.
businesses to run out of cash, due to one reason
or other. This can cause a business to delay
payments, which results in heavy fees and
other such problems.

Client Client issues include not having enough clients The best option is to be careful when picking
or having clients that are very difficult to work clients and to stay away from troublesome
with. individuals. Secondly, draw up a contract that
prevents your rights and puts limitations on the
kind of demands a client can make.

lnventory Inventory issues include running out of The solution is to use an inventory management
inventory. This can be due to several reasons software so that you are well aware of what you
including poor management or not having need and when. This way you will never run out
enough cash to buy inventory of inventory

Business opportunities are like buses, there’s always another one coming

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Top Business Problems and Their Solutions
Executive Advisors

Resources businesses need

Natural Resources
Natural resources have two fundamental
characteristics: (1) They are found in nature,

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and (2) they can be used for the production
of goods and servuces

Capital
Labor
Labor refers to human resources (also called
02 Before we discuss capital, it’s important to
point out that money is NOT a resource.
human capital)—physical or intellectual. Remember that resources need to be

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You’re adding to your own human resources productive. They have to be used to make
right now by learning. something else, and money can’t do that.

04This resource is a special form of labor provided by an


Entrepreneurship

entrepreneur. An entrepreneur is someone who is willing to


risk his or her time and money to start or run a business—
usually with the hope of earning a profit in return

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