Source: http://blogs-images.forbes.com/deborahsweeney/files/2013/01/small-business-saturday.jpg

NBC News discusses the 5 issues that small businesses face in the year 2013. Every firm faces problems, especially small firms as they first enter the market. I have learned from my class prep 4 that there are several ways to identify these problems, such as using the fish bone diagram to identify the causes of a problem. In this case, we can put in what the bases of the problems are, such as health care, taxes and competition.

A good example of a small or failing business is in Candy Liu’s blog about Moblicity falling into bankruptcy, where they would need to find the cause of the problem and solve it by level of urgency if they ever want to recover. A contrary example would be from Shannon’s blog, where she talks about Apple as a prime example of success. Comparing these two blogs/articles, we can see that organization is a key factor in success or failure and the application of things like a fish-bone diagram can be vital in finding the root of a problem.

So what can a small firm like Moblicity do to achieve success and someday become as large and successful as Apple?

Reference: http://www.nbcnews.com/business/economy/5-issues-facing-small-businesses-2013-f1C7660251