The following article covers ten areas that anyone wishing to start a small business had better think about before moving forward. Here's a glimpse at No. 7:
Foreign Competition
Especially if you are creating a small business that does manufacturing, you are going to have to deal with foreign competition.
So are you going to be able to compete with the companies in your industry that pay their workers on the other side of the world less than a tenth of what you are paying to your American workers?
On the other side of the world, companies often don’t have to worry about unions, worker’s comp, health benefits, retirement benefits, nightmarish environmental regulations, crushing taxes or miles of paperwork and red tape.
Are you certain that you can compete against that?
Read the entire article
here.
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