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Threates

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Submitted By chrisbelle11
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Threats
In every type of business there are always threats faces by many business entrepreneurs when setting up a business. Even in the coffee line business there are many competitors fighting to be on the top.
I) Economy
The economy of a country plays a very important role in ensuring a successful business (Ang Huat Bin,2011 second edition). If the economy of the country is unstable, implementation of starting up a coffee line business will be difficult.
II) Suppliers
Suppliers can also influences the success or failure of a business. For instance, if the supplier is unable to supply the product as required by the company during the specific time period, it may cause the company to re-evaluate their plan structure. (Ang Huat Bin,2011 second edition)
III) Customers
Customers or consumers can be the barrier to the implementation of a plan if they are not satisfied with the company’s products. Besides, who knows if the coffee industries will expand and stay in favors with the customers, or whether another type of liquid refreshment or leisure activity or libation will or will not replace coffee in near future.
IV) Infrastructural risk.
Infrastructural risk one of the most common business risk is inadequate and poorly maintained infrastructure. Power and water supply are the two obvious risks that threaten business, but the road and rail networks also present challenges. [Entrepreneur Today,2013]
V) Social malfunction grows.
Across the globe, it is increasingly clear that established certainties and beliefs about how the world is structured are becoming fluid. There is an overall loss of faith in society’s institutions and their ability to deliver a just world order. [Entrepreneur Today,2013]

http://www.entrepreneurmag.co.za/entrepreneur-today/6-threats-to-business-in-2013/ [accessed date 12 may

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