Your SlideShare is downloading. ×
0
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Why your  business might fail
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Why your business might fail

374

Published on

Learn why businesses fail. Then you can do the opposite. Remember, success leaves clues. These are clues on what not to do.

Learn why businesses fail. Then you can do the opposite. Remember, success leaves clues. These are clues on what not to do.

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
374
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
12
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Reg’s Business Success Videos If you liked what you saw, subscribe to my channel @ www.youtube.com/user/reggupton Watch other videos at www.businesssuccessvideos.com Email me @ [email_address] Follow me @ www.twitter.com/reggupton Find me @ www.facebook.com/reggupton Add me to your Linked in network www.linkedin.com/in/reggupton
  • 2. Top Ten Reasons Businesses Fail
  • 3. Procrastination.
    • Tasks & paperwork pile up
    • They will eventually overwhelm you.
  • 4. Ignoring the competition.
    • Customer loyalty has declined
    • Go where they can get best products and services.
    • Monitor your competition
    • Copy their best ideas
    • Schedule time each week to create new methods, products & services.
  • 5. Sloppy or ineffective marketing.
    • Contrary to popular cliché: few products or services sell themselves
    • Either you market your products/services or hire someone who will
    • You must do it well.
  • 6. Ignoring customers´ needs
    • One you attract, you must work hard to keep them.
    • Customer service must be a cornerstone of your business
    • Customers will leave unless you take care of them.
  • 7. Incompetent Employees
    • Hire for job fit
    • Only essential employees
    • Create work environment that supports your employees needs.
  • 8. Lack of versatility
    • You may be adept at the technical part of your business
    • Must be good at acct, marketing, hiring.
  • 9. Poor Location
    • Consider:
      • Traffic
      • Parking
        • Close
        • Signage
      • Convenience.
  • 10. Cash flow problems.
    • Track cash coming in and going out
    • Create a cashflow budget
    • Use MS Money, Quicken or Quickbook.
  • 11. A closed mind
    • Don’t be surprised if your preconceptions are wrong
    • Find a mentor to give you perspective
    • Read books and magazines
    • Join a small business Mastermind Group.
  • 12. Inadequate Planning
    • Begin with a written Business Plan
    • Include specific marketing strategies and tactics
    • Create an action plan in your calendar
    • Consult your plan daily.
  • 13. Reg’s Business Success Videos If you liked what you saw, subscribe to my channel @ www.youtube.com/user/reggupton Watch other videos at www.businesssuccessvideos.com Email me @ [email_address] Follow me @ www.twitter.com/reggupton Find me @ www.facebook.com/reggupton Add me to your Linked in network www.linkedin.com/in/reggupton

×