Title: What Reasons for Small Business Fails
1What Reasons for Small Business Fails
2Overview
- Introduction
- Crucial points
- Business Ideas
- Planning
- Management
- Overcome fails
- Conclusion
3Introduction
- Every year plenty of entrepreneurs come out with
huge dreams to start their own business. Due to
some reasons most of them are failed in small
business. Let us start the discussion about how
to overcome this situations with using Apptivo.
4Crucial point out of Fails
5Business Ideas
- Initially, any type of business fields it surely
needs ideas then only taking your innovative
ideas into next level planning.
- For example If you are willing in products sales
business, start to collect all information about
this field, marketing trends, competitors,
analyse everything about it. Then think new
innovative ideas to your business. In case fails
in this stages most probably upcoming everything
fails or sometimes it end up with positive
results.
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7Planning
- Next level is planning, already noticed in the
above paragraphs ideas are the stepping sources
to good planning. Before launch and after launch
your small business you design more planning for
upcoming days.
8Business planning is very important, next failure
reason is the lack of business planning. Most of
them failed in this stage.
9Management
- Management process like
- CRM
- Accounting
- Marketing
- After long efforts business launched, this is
startup stages so manage all business process is
a daunting task.
10Customer Relationship Management
11Better customer relationship leads your business
into success. All customers wants our services on
time without any delay. If failed to provide
services to customers in a right time customer
satisfaction decreased then customer retention
totally damage.
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13Accounting
If the company is started up to date each and
every accounts details maintenance helps to
develop business. All financial transactions
records help to easily take annual revenue
reports, incoming and outcoming amounts records,
etc. Many small businesses has lack of accounts
management. In starting stages it runs normally
after days going it creates many problems and
causes for business close.
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15Marketing
- Every small business needs some promotions
activity to reach out business to many target
audiences. Many small business owners lack in
this area. We convey about our business to many
audiences it helps to improve business growth. If
promotional activity didn't proceed properly or
not done. Surely, it also one reason for small
business close.
16How to overcome small business fails
Technology implementation is essential for small
business. That helps to manage all business
process some are customer management, accounting,
expenses, marketing and sales tracking.
There are plenty of software vendors available
and they instantly provide services. My
suggestion is software with more integration,
fully customization, ideal to use. It helps to
manage your small business without fails.
17Conclusion
- Failure is the stepping stone to success dont
lose your confidence. Every failure teaches some
lessons keep that in mind. Achievement available
in front of you but we put more efforts and most
are Ideas, Planning and technology selection.