Why do so many start-up businesses fail? Here are the top ten common reasons and how to avoid them.
Archive for the ‘Business plans’ Category
Only 2 out of 10 new businesses survive the first 18 months. With odds like these, it’s a wonder that anyone even tries to start a business.
Take a look around you. Are you disorganised and untidy? From bulging inboxes to endless meetings, and from long lists of objectives to terrible time management skills, employees often negotiate a mass of clutter. Here are three things you need to declutter from your business for a better peace of mind:
Travelling for business has witnessed a tremendous rise in the last couple of years and global entrepreneurs of tomorrow are not shying away from the prospects of travelling to new lands to expand their scope for new and better opportunities.
General Motors ignition switch problems from the 2005-2008 period, and the subsequent lack of responsiveness on the part of the company, demonstrates just how bureaucratically handicapped the company has been and continues to be.
It can be very stressful to have to worry about your competition and deal with your anxieties. Knowing who your competition is and what they are doing is critical in the success of your business. The last thing you need is to go out of business because your competition was more successful than you.
Going digital is a convenient and effective marketing strategy because of its low start-up costs, extensive reach and popularity.
Is your business in the summer doldrums? Does it need a shot in the arm by either revitalizing its core or by expanding into a related area? You need to start looking at your business through the eyes of a venture capitalist.
Many companies focus on marketing to the public without putting a focus on retaining the customers they have already earned. While building a book of business is important to thrive and succeed in the business world, retaining customers is just as important. One way to retain your clients and build a stronger professional relationship is to improve your customer communications. Strong communication is key if you would like your customers to believe that they are your company’s priority. Communication is also critical to looking professional, building a reputation and ultimately gaining market share. Here are 4 tips on improving your customer communications so that you can achieve the gold standard.
Starting your own business can be extremely exhausting. In the initial days, you have to wear multiple hats, from being the owner, to technician, manager, customer care and sales rep.