Learn Vocabulary Through Article 83 - Challenges Faced by Small Businesses | Learn English

Starting an entrepreneurial venture is difficult, but sustaining it is even more challenging. The biggest challenge for small businesses is maintaining capitalization and financial liquidity.

Market volatility and economic recession put many businesses in difficult situations to survive. When large conglomerates create monopolization, small business owners fall behind in competition.

Government bureaucracy, excessive overhead costs, and inadequate infrastructure threaten the feasibility of many small businesses. Moreover, rapid technological changes lead to obsolescence, which hampers business scalability.

On the other hand, if credibility is not established, obtaining investment becomes difficult. Inadequate procurement and market fluctuation create new divergence for business owners.

However, with skillful planning and reducing attrition, and managing the economic system efficiently, it is possible to sustain the business.

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Emoji	Word	Meaning	Example Sentence	Synonyms	Antonyms

#1262 🚀 ••••••	entrepreneurial ˌɒn.trə.prəˈnɜː.ri.əl adjective ••••••	Relating to or characterized by the activity of setting up a business or businesses, taking on financial risks in the hope of profit. ••••••	His entrepreneurial spirit led him to establish a successful startup. ••••••	business-minded, innovative, risk-taking ••••••	unambitious, unenterprising, risk-averse ••••••
#1263 💰 ••••••	capitalization ˌkæp.ɪ.təl.aɪˈzeɪ.ʃən noun ••••••	The total market value of a company's shares or the provision of capital for a company or activity. ••••••	The company's capitalization reached $1 billion in market value. ••••••	investment, financing, asset allocation ••••••	underfunding, bankruptcy, insolvency ••••••
#1264 💧 ••••••	liquidity lɪˈkwɪd.ə.ti noun ••••••	The availability of liquid assets to a market or company; the ability to convert assets into cash quickly. ••••••	Maintaining liquidity is crucial for financial stability. ••••••	cash flow, solvency, availability ••••••	illiquidity, insolvency, fixed assets ••••••
#1265 📈 ••••••	volatility ˌvɒl.əˈtɪl.ɪ.ti noun ••••••	Liability to change rapidly and unpredictably, especially for the worse; instability. ••••••	The stock market's volatility makes investment risky. ••••••	instability, fluctuation, unpredictability ••••••	stability, predictability, consistency ••••••
#1266 📉 ••••••	recession rɪˈsɛʃ.ən noun ••••••	A period of temporary economic decline during which trade and industrial activity are reduced. ••••••	The country faced a severe recession due to the financial crisis. ••••••	downturn, economic decline, slump ••••••	boom, growth, expansion ••••••
#1267 🏢 ••••••	conglomerate kənˈɡlɒm.ər.ət noun ••••••	A large corporation formed by the merging of separate and diverse firms. ••••••	The company grew into a multinational conglomerate. ••••••	corporation, multinational, enterprise ••••••	small business, startup, sole proprietorship ••••••
#1268 🎯 ••••••	monopolization məˌnɒp.ə.laɪˈzeɪ.ʃən noun ••••••	The process by which a company gains exclusive control over a commercial activity. ••••••	The monopolization of industries can limit consumer choices. ••••••	domination, exclusivity, control ••••••	competition, free market, decentralization ••••••
#1269 📋 ••••••	bureaucracy bjʊəˈrɒk.rə.si noun ••••••	A system of government in which most of the important decisions are made by state officials rather than by elected representatives. ••••••	Excessive bureaucracy can slow down decision-making. ••••••	administration, red tape, officialdom ••••••	flexibility, efficiency, simplicity ••••••
#1270 💸 ••••••	overhead ˈəʊ.və.hed noun ••••••	Ongoing business expenses not directly attributable to creating a product or service. ••••••	The company reduced its overhead to increase profits. ••••••	operating costs, fixed expenses, administrative costs ••••••	direct costs, variable costs, revenue ••••••
#1271 🏗️ ••••••	infrastructure ˈɪn.frəˌstrʌk.tʃər noun ••••••	The basic physical and organizational structures and facilities needed for the operation of a society or enterprise. ••••••	A strong infrastructure is essential for economic growth. ••••••	framework, foundation, facilities ••••••	disorganization, instability, neglect ••••••
#1272 ✅ ••••••	feasibility ˌfiː.zəˈbɪl.ə.ti noun ••••••	The state or degree of being easily or conveniently done; possibility. ••••••	The company conducted a feasibility study before launching the project. ••••••	viability, practicality, suitability ••••••	impracticality, unworkability, impossibility ••••••
#1273 📱 ••••••	obsolescence ˌɒb.səˈlɛs.əns noun ••••••	The process of becoming obsolete or outdated and no longer used. ••••••	The rapid advancement of technology leads to the obsolescence of old devices. ••••••	outdatedness, disuse, extinction ••••••	modernization, relevance, renewal ••••••
#1274 📊 ••••••	scalability ˌskeɪ.ləˈbɪl.ə.ti noun ••••••	The capacity to be changed in size or scale; the ability of a system to handle a growing amount of work. ••••••	The new software offers high scalability for large enterprises. ••••••	expandability, growth potential, adaptability ••••••	limitation, rigidity, fixed capacity ••••••
#1275 🤝 ••••••	credibility ˌkrɛ.dəˈbɪl.ə.ti noun ••••••	The quality of being trusted and believed in; the quality of being convincing or believable. ••••••	The journalist's credibility was questioned due to false reports. ••••••	reliability, trustworthiness, integrity ••••••	dishonesty, unreliability, doubtfulness ••••••
#1276 🛒 ••••••	procurement prəˈkjʊə.mənt noun ••••••	The action of obtaining or procuring something, especially for business or organizational use. ••••••	The government ensured the procurement of medical supplies during the crisis. ••••••	acquisition, sourcing, purchasing ••••••	selling, disposal, forfeiture ••••••
#1277 📈📉 ••••••	fluctuation ˌflʌk.tʃuˈeɪ.ʃən noun ••••••	An irregular rising and falling in number or amount; a variation. ••••••	The stock market experiences frequent fluctuation. ••••••	variability, instability, volatility ••••••	stability, consistency, predictability ••••••
#1278 🔀 ••••••	divergence daɪˈvɜː.dʒəns noun ••••••	The process or state of diverging; a difference in opinion, policy, etc. ••••••	The divergence in their opinions led to a heated debate. ••••••	deviation, separation, disparity ••••••	convergence, agreement, similarity ••••••
#1279 📉 ••••••	attrition əˈtrɪʃ.ən noun ••••••	The process of reducing something's strength or effectiveness through sustained attack or pressure. ••••••	The company faced high employee attrition due to job dissatisfaction. ••••••	reduction, erosion, diminution ••••••	growth, expansion, increase ••••••

Lesson 83 - Challenges Faced by Small Businesses

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