10 cause business failure

Although people in the United States will have high purchasing power. But small businesses there over 50 per cent to close down.

Within four - the first five years. What happens? They do wrong? No one would think that business will then want to close shortly. You should learn the reasons that small businesses will be closed to seek protection or careful not to place it on your company.

1. Insurance on day shift. Many operators prefer not to deal with paperwork. Leave much on the table becoming Dinpakhaghmo. Emissions such a long time to not just that you must be tired later. However, some important documents may have disappeared.

2. Unwary competitors. Consumers today are not locked into one store or shop. Although used to a regular store or shop. They buy goods or services from only the best. Thailand is also one of them likes to try new. So you must always take note competitors. Do not be shy if copies good ideas. Others use. (But be careful with copyright นะ) try to take every week or every month how new products or services to the company.

3. Marketing plan is not good enough. You may have heard that. "Good advertising goods or services, better themselves," cautions that little. If you do not have time marketing themselves it. Employment or try to use his experience. Marketing products outsell better help. Easy money is flowing into.

4. Ignore the needs of customers. When your products or services and attracts customers. You must try every way to contact you to provide customers more. Services that customers are very impressed with the heart of the business because if you do. Not as you make them or not satisfied. They will find you another.

5. Employees do not have quality. Remember to choose to hire only employees who need the work. When employed must provide training or training courses, do not skimp because they work very well how much you would feel more only. Trying to create a good atmosphere to work because employees are happy to work commitment.

6. Lack of versatility. You may be good at work, cooking skills or computer repair. But there is not enough to make your business dream to run smoothly. Successful business owners tend to work or working knowledge of multiple accounts, such as marketing or choosing people.

7. Location is not good restaurant or a chef skilled Embedded grocery prices are still fail badly. If the opening in a bad location. When you're looking for business locations in Punjab must consider several factors such as traffic (your audience through your store at any frequency) comfort. (Local customers come to you how difficult or easy), etc..

8. A cash flow problem. You must know how to check or balance to see - out. Have predictable cash flow that is in hand. And required in the future. Because it will help you plan your spending and alerts to help cash-related issues that may arise.

9. Not increase knowledge. Operator each new step into the business community with different ideas. Many work until you deep lack of knowledge about the world outside, try looking for a mentor can provide counseling or advice before you invest money except what it should read a book or journal. To see the web site. About small businesses to update new information that could be applied to your business.

10. Plan is not good business plan that should draw do not set real high or too low. Set clear. Rather than that set. "To increase sales" is to set that "will sell one billion baht within next two months," write clear goals or plans for sales in each period. The course schedule. Do every day to be at their best with the view that by default or not. If still do not have a strategy should increase sales as soon as possible.