Business failure among small-scale entrepreneurs

[Davian144]

It seems that you really understand the needs of this community, steps such as stock management that you describe are very helpful in the sustainability of a business. Because I think if everything is not managed well 90% of undesirable things can happen such as customer loss and so on.

Any business owner must have long-term targets and plans for his business if the business he runs has been used as the main foundation for making a profit by serving satisfied customers and not lacking anything. Managing stock of goods or food is a basic technique in running a business, while another is being able to increase the attraction of everyone to visit the place where the business is located to see the inventory of goods and feel the service provided by the business owner.

So I think this must be managed well and wisely for consumer satisfaction. In this way, there will definitely be the best things for a business, such as generous buyers who will make a significant contribution to business growth.

In the name of building a business, we must prioritize customer satisfaction so that old customers can always feel at home stopping by our place and this can also have an impact on the arrival of new customers to our place of business. Because the end result of wise and simple management is to be able to attract lots of customers so that there will be an increase in sales in the business that we run. Meanwhile, the other thing is in the form of polishing to make our place of business more comfortable when seen from the outside by everyone.

[1714491286]

1714491286

[1714491286]

1714491286

[junder]

In addition to everyone's contribution,I think there's a need to consider your business location including visibility,nearby competition and even customer's convenience,the image you want to create or project and your budget should be laid into consideration.

 It's not easy to start a business and switch locations in a short period of time.So a bad location choice can be a business crasher at large.its okay to be aware of the common hazards involved and try to avoid them.

All these reasons we've listed here  for the failure of a business can be addressed if you identify which ones affects us in one way or the other and create a plan for removing them so we can have a convenient and satisfactory business experience.

for someone who already has the idea of running a business, of course considering the budget and location is the most important thing, because the budget is the clearest way to determine whether everything can run,  by considering the budget you can determine the location for running a business, because at this time of course we must have enough money to set up a business, because there is no free place  of course nowadays everyone associates many things with money so this becomes more of a consideration, there are rarely free locations, therefore of course the budget is something The main thing you have to think about before doing any business.

Of course in a business you have to consider this, but if it's a business that doesn't require a permanent place, it doesn't need to be considered in depth, because we can do the business in a place where there are lots of people and lots of people do activities there, but if Indeed, the business you run requires a permanent place, such as a product manufacturing factory or something else. Of course this needs to be considered carefully because it is impossible for us to always move places if it is for product manufacturing or what is called a dirty kitchen for a business. and you really need good experience if you really want to run a business, no experience is not a problem because you can still learn what you can do, also the experience you get must of course happen first, there is no experience that we haven't experienced before.

[Lorence.xD]

In addition to everyone's contribution,I think there's a need to consider your business location including visibility,nearby competition and even customer's convenience,the image you want to create or project and your budget should be laid into consideration.

 It's not easy to start a business and switch locations in a short period of time.So a bad location choice can be a business crasher at large.its okay to be aware of the common hazards involved and try to avoid them.

All these reasons we've listed here  for the failure of a business can be addressed if you identify which ones affects us in one way or the other and create a plan for removing them so we can have a convenient and satisfactory business experience.

You are exactly right, I think that's one of the factors that causes some businesses to fail, not only by targeting the number of people but by having the best place to establish your business. The thing is most of the best places to open a business are already owned and you would need to think of the permits and papers before opening up a business so it would take time. Buying the whole area lot would cost a lot so some people are renting it which is also expensive for the long term, if they haven't managed to profit or have sales for a good run they would already lose a lot of funds by just simply paying the rent. Considering the place, rent, competition, customer's easy access like nearby town, etc. there's a lot of listed need to assess and build up a plan before you start establishing a business. You also have to check if the place would be a good place to run a business for the long term.

[dunfida]

In addition to everyone's contribution,I think there's a need to consider your business location including visibility,nearby competition and even customer's convenience,the image you want to create or project and your budget should be laid into consideration.

 It's not easy to start a business and switch locations in a short period of time.So a bad location choice can be a business crasher at large.its okay to be aware of the common hazards involved and try to avoid them.

All these reasons we've listed here  for the failure of a business can be addressed if you identify which ones affects us in one way or the other and create a plan for removing them so we can have a convenient and satisfactory business experience.

You are exactly right, I think that's one of the factors that causes some businesses to fail, not only by targeting the number of people but by having the best place to establish your business. The thing is most of the best places to open a business are already owned and you would need to think of the permits and papers before opening up a business so it would take time. Buying the whole area lot would cost a lot so some people are renting it which is also expensive for the long term, if they haven't managed to profit or have sales for a good run they would already lose a lot of funds by just simply paying the rent. Considering the place, rent, competition, customer's easy access like nearby town, etc. there's a lot of listed need to assess and build up a plan before you start establishing a business. You also have to check if the place would be a good place to run a business for the long term.

It would really be always needed to be strategic and this is something that should people would really be that minding on, they cant really just that make a business without having proper plans because it isnt really just that something that you do put up a business and wait for some passive income already because thats not how business do works and how it should be handled. It would really be just that normal that you should really be putting up some planning and other things like marketing and other factors on which it would really be that contributing in overall success of a business. Failure and errors are really that normal on a business and this is why as a business owner then it would really be just that right that you should really be that mindful or knowledgeable into those things.

You cant really just that hover yourself when it comes to business but having no proper plans and other things which you do really have in mind. Its hard but its not something
impossible for someone to take on. Success will really be determining on how well you do handle up yourself on such venture and of course it would
be needing a little bit mix of luck.

[topbitcoin]

~

"the blessing of struggle"

There are many great entrepreneurs today who have managed to rise from adversity, this is all because they were able to find a way out of every business difficulty they faced. I have also experienced it myself where it is difficult to build a more stable business, we are often forced to look for new ideas for increase the interest of potential buyers of our products, as an entrepreneur, if you only use ordinary ideas then don't expect your business to develop, innovation in every business is important, without good ideas - innovation - resilience it is difficult to survive as an entrepreneur in the current era, don't be tired because being an entrepreneur is not easy, if we are tired then just close the business and work with someone else lol

Fight...!! If we are still given the opportunity as well as the ability and health to keep trying, then keep fighting to try to achieve what we have dreamed of for a long time. And never hesitate in dreaming, dream as high as possible, so that one day you fall, you fall among the sparkling stars. But don't dream for too long, start making and formulating plans, do what you really have to do. Welcome your days with enthusiasm, because there are still many more complicated problems waiting for you that you have to solve.
And there is no such thing as giving up in life...!!! Unless you know that tomorrow you will die. When starting a business, if you are tired, take a break, don't run away from problems. In starting a business, we must have strong self-confidence in the ideas and concepts you put forward and in the abilities you have. because if you yourself don't believe in the ideas and ideas and abilities that you have, how can other people believe in you and how can you possibly convince other people that the business you are currently starting has the potential for extraordinary profits. If you are quite pessimistic about this business... If you are not confident enough in the ideas and abilities that you have, it is better for you to just stay at home... because your life is of no use at all.

[eightdots]

In addition to everyone's contribution,I think there's a need to consider your business location including visibility,nearby competition and even customer's convenience,the image you want to create or project and your budget should be laid into consideration.

 It's not easy to start a business and switch locations in a short period of time.So a bad location choice can be a business crasher at large.its okay to be aware of the common hazards involved and try to avoid them.

All these reasons we've listed here  for the failure of a business can be addressed if you identify which ones affects us in one way or the other and create a plan for removing them so we can have a convenient and satisfactory business experience.

You are exactly right, I think that's one of the factors that causes some businesses to fail, not only by targeting the number of people but by having the best place to establish your business. The thing is most of the best places to open a business are already owned and you would need to think of the permits and papers before opening up a business so it would take time. Buying the whole area lot would cost a lot so some people are renting it which is also expensive for the long term, if they haven't managed to profit or have sales for a good run they would already lose a lot of funds by just simply paying the rent. Considering the place, rent, competition, customer's easy access like nearby town, etc. there's a lot of listed need to assess and build up a plan before you start establishing a business. You also have to check if the place would be a good place to run a business for the long term.

Of course, what the business will sell or how it will provide services is important, but where it will do all this is an even more important issue. The location of the business determines many things. The location of the business determines its customer portfolio, the number of people who pass by your business every day and can potentially become your customers. These are very important statistics for a business.

Many large companies specifically look for this situation and ask for all the details when you apply for franchising. This is an important element for the continuity of a business. If you want to start your own business, pay special attention to the location of the business and plan accordingly.

[EarnOnVictor]

In addition to everyone's contribution,I think there's a need to consider your business location including visibility,nearby competition and even customer's convenience,the image you want to create or project and your budget should be laid into consideration.

 It's not easy to start a business and switch locations in a short period of time.So a bad location choice can be a business crasher at large.its okay to be aware of the common hazards involved and try to avoid them.

All these reasons we've listed here  for the failure of a business can be addressed if you identify which ones affects us in one way or the other and create a plan for removing them so we can have a convenient and satisfactory business experience.

You are exactly right, I think that's one of the factors that causes some businesses to fail, not only by targeting the number of people but by having the best place to establish your business. The thing is most of the best places to open a business are already owned and you would need to think of the permits and papers before opening up a business so it would take time. Buying the whole area lot would cost a lot so some people are renting it which is also expensive for the long term, if they haven't managed to profit or have sales for a good run they would already lose a lot of funds by just simply paying the rent. Considering the place, rent, competition, customer's easy access like nearby town, etc. there's a lot of listed need to assess and build up a plan before you start establishing a business. You also have to check if the place would be a good place to run a business for the long term.

Of course, what the business will sell or how it will provide services is important, but where it will do all this is an even more important issue. The location of the business determines many things. The location of the business determines its customer portfolio, the number of people who pass by your business every day and can potentially become your customers. These are very important statistics for a business.

Many large companies specifically look for this situation and ask for all the details when you apply for franchising. This is an important element for the continuity of a business. If you want to start your own business, pay special attention to the location of the business and plan accordingly.

All these still buttress on the attention that the business can garner. This is so important in every business no matter the scale and the settings. This is why you see companies marketing so well so that people's attention can be directed to it, and through that, they can get the conversion needed. This is peculiar to both offline and online businesses as it might be the location for the offline as it could be better discovered at some places than another and from there it will be able to attract the targetted audience. But the online business has nothing to do with location but marketing, which is why I will say that it depends on the business we are talking about. Even if it is situated in the best places, marketing and awareness will still do a huge good to let it be known as though it was just reliant on the location alone.

These days, people who have the best choice places as their business location are now going online. They would create groups online to be more engaging, and with the results I have heard from people, it sells multiple times rather than leaving it to a location to market itself alone. Every business needs quality marketing, and good skills and resources are needed as well. But sadly, these small-scale businesses could lack the needed resources to achieve this which might be a reason for the failure or less patronage in some cases.

[pusaka]

In addition to everyone's contribution,I think there's a need to consider your business location including visibility,nearby competition and even customer's convenience,the image you want to create or project and your budget should be laid into consideration.

 It's not easy to start a business and switch locations in a short period of time.So a bad location choice can be a business crasher at large.its okay to be aware of the common hazards involved and try to avoid them.

All these reasons we've listed here  for the failure of a business can be addressed if you identify which ones affects us in one way or the other and create a plan for removing them so we can have a convenient and satisfactory business experience.

You are exactly right, I think that's one of the factors that causes some businesses to fail, not only by targeting the number of people but by having the best place to establish your business. The thing is most of the best places to open a business are already owned and you would need to think of the permits and papers before opening up a business so it would take time. Buying the whole area lot would cost a lot so some people are renting it which is also expensive for the long term, if they haven't managed to profit or have sales for a good run they would already lose a lot of funds by just simply paying the rent. Considering the place, rent, competition, customer's easy access like nearby town, etc. there's a lot of listed need to assess and build up a plan before you start establishing a business. You also have to check if the place would be a good place to run a business for the long term.

A strategic place is one of the things that is very important and should not be missed when we are going to start a business, because from my experience it is the strategic place that I am most interested in, and I think it will be in line with the thoughts of many people.
If the business that we will start is a culinary business, then now almost all food or drinks already exist, it is quite difficult actually if you want to make a breakthrough and of course we will compete with those who already have a name and credibility.
Careful planning is a must-have, including in situations when we experience losses. I heard a lot from some people I know when they built a business engaged in the culinary business. They say the early years are the real test for them, if they don't have spare capital to keep their business alive then their business will go bankrupt at that time.

[slapper]

~snip~

All these still buttress on the attention that the business can garner. This is so important in every business no matter the scale and the settings. This is why you see companies marketing so well so that people's attention can be directed to it, and through that, they can get the conversion needed. This is peculiar to both offline and online businesses as it might be the location for the offline as it could be better discovered at some places than another and from there it will be able to attract the targetted audience. But the online business has nothing to do with location but marketing, which is why I will say that it depends on the business we are talking about. Even if it is situated in the best places, marketing and awareness will still do a huge good to let it be known as though it was just reliant on the location alone.

These days, people who have the best choice places as their business location are now going online. They would create groups online to be more engaging, and with the results I have heard from people, it sells multiple times rather than leaving it to a location to market itself alone. Every business needs quality marketing, and good skills and resources are needed as well. But sadly, these small-scale businesses could lack the needed resources to achieve this which might be a reason for the failure or less patronage in some cases.

Today, being seen in the right way, at the right places (physically and digitally) is important to business. Truth bomb: location important, but it's not the only player. Marketing steals the show in this business drama. Magic makes ordinary things spectacular. Online businesses depend on marketing. It distinguishes hidden gems from digital ghosts. What about real stores going online? Jumping into the unknown can be risky yet profitable. They're expanding their fleet, not abandoning. However, not everyone possesses the necessary resources to traverse these challenges. Small businesses may struggle with marketing's financial and talent requirements. Ingenuity helps here. The challenge of achieving more with less can inspire some of our most inventive ideas. Today, adaptation is essential

[itorai]

Cut...

So I think this must be managed well and wisely for consumer satisfaction. In this way, there will definitely be the best things for a business, such as generous buyers who will make a significant contribution to business growth.

In the name of building a business, we must prioritize customer satisfaction so that old customers can always feel at home stopping by our place and this can also have an impact on the arrival of new customers to our place of business. Because the end result of wise and simple management is to be able to attract lots of customers so that there will be an increase in sales in the business that we run. Meanwhile, the other thing is in the form of polishing to make our place of business more comfortable when seen from the outside by everyone.

Maybe from the conversation we discussed is one of increasing customer trust (trust) and there are many more things related to this, such as improving product quality, service, promotions such as free shipping and many more, but I think all of that is very necessary for small business owners and large businesses. The sense of trust from them will determine the results of the business we are running. So it is very important to increase their trust because otherwise it will be very very detrimental to the business owner itself.

[Funke]

Many businesses surviving , survives on consistency and management.

Recent times inflation and competition has kicked many businesses out of track. COVID 19 and inflation in the running cost killed many businesses.

Patronage became low die to inflation in royalty to the businesses or cost of services.

Many advertising businesses failed because, customer fell victim to scammers. Especially Oxl would have had branches in all the states to receive items and send them to buys. The sellers -buyers channel only made the company a useless platform and not an active participant in the transaction and distribution channel.

Companies providing adverts provides promotion options as part of the advertisement process. Jiji. Com start before if not the same time with Oxl. Managing the promotion option has kept the company going.

[WillyAp]

Small businesses fail due to many causes, some because their business politics are too narrow minded.
Why do you think mobile prices in some countries are so low that they beat fixed line telephony?

 The difference is long term thinking. Management in the 3rd world thinks in short terms.
Once they overcome that the world is theirs.

[Fatunad]

Small businesses fail due to many causes, some because their business politics are too narrow minded.
Why do you think mobile prices in some countries are so low that they beat fixed line telephony?

 The difference is long term thinking. Management in the 3rd world thinks in short terms.
Once they overcome that the world is theirs.

Every business do starts on being small on which no one starts on being big and become that successful and big. All of businesses do really start on being small or start from scratch. Success talks or concern would really be that depending on how well they do able to handle their business and on how they do manage it out and of course the most important thing is about recognition of the masses or the public or into those consumers or clients because marketing and other stuffs would be useless if you arent that recognized or something that do talks about being having the demand but it doesnt mean that you wont be trying out.
In business, the known risks would really be pertaining about success and failure on which its always been that a part.

If you are someone who are planning to have a business then it would be always best that you should really know on what are those probabilities because you cant assure it out that it would become big directly
in a short span of time. It would really be that needing up some time and tons of effort and good management but put up into your mind
that success isnt guaranteed but we are here to do our very best to make it big and successful.