There are many
reasons for business failure globally. But here are some tips to why your
business could be failing and not generating profits.
1. Your
relation with your customers/employees is questionable
2. Your
investment idea was not well researched for
3. You
are doing less to make your business known out there “advertising”
4. You don't take
time to update yourself with emerging issues that influence
Consumer decisions in buying
5. There
is a probability you have the wrong people to help you do business
6. Your
are likely to be spending more than you're earning in the business
7. Your
capital may be was not enough for the business in the start
8. You
do less to motivate your staff
9. You
might have borrowed the business idea from somebody else hence not your idea
10. Your identity “brand” is not clear
among the consumers
11. Your physical location and
establishment is not attractive to the consumers
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I was once a victim of number #3 on your list, but at least today am at advanced level in business. Good advice though!
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