10 reasons why businesses fail.
Although people in the United States will have high purchasing power. However, small businesses, over 50 per cent to close down.
Within four - the first five years. What happened? They do something wrong? No one wishing to do business and wants to close soon. You should learn the reasons why small businesses close so that you can find a way to prevent or be careful not let it happen to your company.
1. Turns on security tomorrow. Many entrepreneurs do not like dealing with paperwork. Let them pile on the table, it becomes Dinpoouhronghamoo. This release is not just that the longer you must be tired later. However, some important documents may be lost.
2. Not aware of the competition. Consumers today do not adhere to a shop or restaurant. Although used to store any one store regularly. They will buy products or services from only the best. In addition, the Thai people as they like to try new If not, you always wait for observing competitors. Do not be embarrassed if the copying good ideas. Of others to use. (But be careful about copyright too), try to take every week or every month to figure out how the new service or product to the company.
3. Marketing plan is not good enough. You may have heard that "Advertising goods or services to better themselves," cautions that only a few. If you do not have the time it was, the market itself. Employment or try to use the experience he has. Good marketing help products outsell Money is flowing into the simple
4. Ignoring the needs of customers. When your products or services and attract customers. You need to make every effort to contact your customers and so on. Providing memorable customer is the key to doing business because if you do not indulge or make them dissatisfied. They will find you in other ways.
5. Employees, not quality. Remember to choose to hire staff needed to work only Once hired and trained to be trainers or course Do not worry about it because he worked very well how much you're more comfortable only Trying to create an atmosphere to work well because staff are happy to work hard.
6. Lack of versatility. You may be good at cooking or crafts repair your computer. But that's not enough to make your dream business have performed very smoothly. Successful business owners tend to work or knowledge work and several kinds of accounts or choose the marketing people.
7. Geographic position with restaurant chefs, or pick a grocery store prices are still fail badly If the opening in a location that is not good. When you look for in a business location must be considered exactly the problem with many things such as traffic (your target audience through often do you shop at any time), convenience (The customer comes into your store just how hard or easy), etc.
8. The cash-flow problems. You have to know how to check or balance to see - out must be able to forecast your cash flow has on hand. And required in the future. Because it will help you plan your spending and help warn about the cash problems that may arise.
9. Does not increase knowledge. Each new operator, you step into the business with different ideas. Many persist until the lack of working knowledge of the outside world. Look for mentors who can provide counseling or advice before you invest money to do anything. In addition, it should read a book or journal. View website about small business-to-date on new information that could be adapted for use with your business.
10. Plan is not good to draw a business plan that would not set a real high or too low. Set clear Instead of setting that "To increase sales", give it that "is sold to one hundred thousand within the next two months," a clear plan to reach your target, or sales in each period. Schedule of course. Do every day to see what to do with the balance as the set or not. If you still can not find a strategy should be credited as soon as possible.
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