Saturday, 21 March 2015

FIND OUT WHY YOUR BUSINESS IS NOT REALLY DOING WELL #Entrepreneurs #Business #Insight #Failure #Thoughts

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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2 comments:

  1. 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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