Topic: Business failure among small-scale entrepreneurs - page 2. (Read 3236 times)

Some people do really think off that having a business would really be that having that automatic success or likely that you would be able to succeed and make you rich, until the time comes that it would really make you realize that having one on which its never been simple if we do speak about risk and reward thing but of course this is something much more better other than other venture in speaking about money making opportunities on which this is something that a good option for you to take but since not all would really be that having the capital on doing so then this is why most of them would really be sitting idle
but if you are someone does have the capital then for sure you would be diving into this kind of opportunity.

Failure are common and something that been part on any business whether big scale or small scale, they are having that kind of risks because we know that in business we cant really be that having
that huge sales forever on which there would comes a time that business issues and problems does really happen and if you dont find up those ways and methods then you are really that putting yourself on trouble.

Just as a boat without a purpose cannot reach its destination, without proper planning no success to work achieved. If a small entrepreneur wants to start a business, if there is a mistake in his planning and decision, he may end up in failure. Again, this can be the case for bad behavior with customers. In the case of offline busines, misplacing the business location can also result in failure  your business. If an entrepreneur is not focused on the business and has no patience, it is not uncommon for his to business fail. I think small entrepreneurs, if they can use their hard work, brainpower and planning properly. Only then business failure of small traders can be avoided.

Business is not what it used to be, and you must be more than that. Strong for your business to grow and flourish, when you start a business you need to know extra things to spice it up. Otherwise, you will be a less competitive competitor. And working hard and consistently are the majority of the things that will act as fuel and keep the business moving because a lot of individuals started well but overlooked some things that started harming the performance of their business, which is why nothing should be taken for granted. I use to know of a bar in my place it was just a bar but now they have other games attached to it and that is business upgrade and go with the system. It is much better that way. No matter how small a business is take it serious.

Many things are helping businesses these days and it is irrespective of whether it is a big or small business when it is well planned and actualized, it will work fine. For example, marketing is very vital for the success of any business and the more you market, the better, but it must be marketed at the right places so that it reaches the right targeted audiences. This takes me to the customer data, it is good to have it, for example, having an email list or social media list of customers is a very good one, this is what will help the business to propagate new products/services, advertise promos and all that. While some will create their own group where interested people will be able to subscribe for new information about products and services.

All these help businesses grow so well these days. But one must be able to have a good relationship with their customers as well, and on top of that, a top-notch service is important. The last point is so crucial because it is a different thing you know or attract customers, but it is another thing to keep the customer with you. So, a very good customer relationship and quality service delivery are very important. If a customer is so satisfied with you, I wonder why they will not think of you next time and even tell people about you as well. Because of this, the business keeps running fine and growing as well. Also, capital is very good here, money is so needed for many things, which includes, for the products and service delivery, raw materials in some cases and even human power to say the least. Sadly, small businesses often die due to lack of this.

Its never been easy to build up a business on which there's no assurance in speaking about success and other stuffs on which it would really be that not that simple because of other factors which would really affect out when it comes to success. Failure is one of the risks involved once you do hover yourself or step your foot into this industry. Small-scale on which this is where everything is starting because no business would really be starting on being big, unless if its been inherited or being sold to someone then you could start up directly to be big but of course the cost wont really be that cheap and also people would really be preferring on starting up on scratch because they do really know on how to make things to handle since from the start.

So when you are planning out to have a business then you should always consider out on having those risks involved. Do your best on trying out to survive considering that in business world where industries
are really that bit saturated. Only the best would really be the ones who would really be able to survive. This is why as a business owner then you shoudl really be that serious on how to handle your business.
You cant really just that make yourself that confident or a must thing not to do in the first place.

According to your thinking if you want to be a businessman then you have to be a strong businessman otherwise you cannot survive in business. To survive in business you must become hardworking and efficient or else you will survive in the market. A very important ingredient for any business to be successful is a strong business idea. You must have market research competition analysis means marketing plan. To increase the chances of your business being successful you need to ensure that you are constantly updated with the current business trends. By adopting these actions, a small businessman will be successful.

The struggle to build a business is not an easy matter because it requires consistency and perseverance to carry out the process and this is where patience and perseverance are needed if you want to reach the stage of success. Before building a business, planning, capital and a strategy are needed to dominate the market because if we don't have these three capitals, it will be difficult for people to compete with other business people who are already quite developed. We will definitely feel boredom and fatigue and anyone who is patient will definitely get the success they want. That's why building a business is not an easy matter because there are many things that need to be considered before starting it.

We must master ideas and see potential amidst sophisticated technology because doing business today can also be utilized on available social media platforms. When we have a much better level of creativity it will be quite easy for us to dominate the business world. Social media is a good place to develop promotions because nowadays many people have their own accounts, so the accuracy of running promotions via social media might be much better now.

That's right, if you also have a position as a trader, you will also do this to look after consumers and provide the best service for them. Now talking about sales target analysis as stated by @Davian144, in my opinion, you will also do the same thing, of course apart from analyzing what items you need every day, don't run out of them, you will also monitor the items that are selling the most and the highest What is the demand now and is trending and is being popular with buyers, automatically you as a shop owner will stock the requested goods in sufficient quantities because it is based on calculating the quantity demanded of the goods themselves.

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.
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.

Now almost all business people can provide better service to each of their customers, both in providing goods and also in meeting the needs of each customer who comes to their place directly. Because when stocks and goods that are frequently needed start to run low or run out, business owners can immediately make another order or record it first before ordering again in large quantities. Meanwhile, for targeting sales analysis, this can continue to be done by looking at certain environmental conditions and certain groups of people who often need certain goods every day.

Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.

Therefore, before running a business, please study a lot to understand every aspect related to the business you are going to run. running a business and enterprise will of course have its own challenges and they must be able to be faced well, because if not then the business you are running will probably not develop and this is a problem in a business, because there are people who start a business but they don't pay attention the risks that exist, so that when problems occur in their business they are shocked and panicked and also confused because they don't know how to deal with existing problems well, this can be avoided or minimized by learning at the beginning before starting a business or venture, many fail in doing business, this is probably due to a lack of good understanding of the business that is being run, if you really want the business and business to develop, of course you have to learn from the start regarding what you are doing, because every thing definitely has its own risks, therefore the importance of learning and understanding something that will be carried out, also with the clear competition that will exist, this must be paid attention to, because of course people will do their best for their business so that it can attract many people, and we must pay attention to this, wherever possible maybe we should be able to market our products optimally and in a different way from other people, maybe that can attract lots of people's interest in our products.

Of course that's the case, to achieve success of course there must be struggle and a process, it can't just happen like that. It is also true that not everyone has skills in business, because everyone has their own skills, and it is not possible for everyone to be successful in the business world, this is clear. but however, I think they can be successful as long as they themselves have a strong desire for what they want and are consistent with what they want.

In business, it's not enough to just last; you need to plan ahead. The "grind" is often praised, but isn't it also about being smart? The thing is, getting ready isn't just about gathering things; it's also about having the mental strength to do so. There is a lot of competition out there. But keep in mind that competition leads to new ideas. We need to do more than just fight; we need to change the rules of the game. To do this, you need to know about customer psychology, keep up with trends, and use technology. It's a fight, and quick thinkers are the best soldiers

Problems and boredom are real. These are chances to learn, grow, and sometimes even change direction. The secret? Resilience. You have to learn how to dance in the rain as well as how to stay alive during the storm. We need to see difficulties not as problems to be solved but as opportunities to grow. And money? Yes, it's crucial, but so is creativity. Sometimes, the most innovative ideas come from not having enough means

Carrying out the process requires persistence and patience because if someone cannot persist, they will never achieve success. Starting a business requires preparing many things as support and there will be big challenges when people try to go through the process. This is where people learn how to build their own abilities because there is a lot of competition in the business sector that needs to be considered in order to compete and when they are not able to compete then the business will never develop.

In life nothing happens suddenly because it takes a long process to reach the stage of success. Not everyone can run a business because apart from requiring skills and capital, there are many other things that need to be prepared. Anyone will definitely experience boredom when they want to start, but those who are ready for tests and trials will be the ones who will succeed.

It is very true that starting a new business often involves various obstacles and failures. While financial capital is an important part, persistence and determination are also the keys to success. People who fall and rise many times in their businesses may not always have abundant capital from rich families, but they have extraordinary passion and hard work. They must really be able to take advantage of these opportunities, because it is difficult to they can get a second chance.

Success in building a business often involves a combination of financial capital, physical hard work, and perseverance. Although capital is very important, perseverance is what sustains a person in the face of failure. The ability to bounce back after failure, learn from mistakes, and move forward with great enthusiasm is key to building a successful business. So, while capital provides opportunities, strong determination and perseverance play a crucial role in the journey of building a successful business.

It has a lot to do with our management and I agree with that. Sometimes our failure does not come from external factors, but from within ourselves. Many businesses eventually have to go out of business because they cannot manage their business, be it in terms of finance or other things. But what I emphasize here is how we manage our finances, because the money from profits will always be in the money that becomes capital and usually it is not much realized.
I've experienced this, I sell small things like pulses and other electronic balances, maybe because this was my first experience at the time, I forgot to always separate the capital and profit money, finally I was confused when I wanted to spend back my capital was reduced. Lol

of course, because whatever is done, especially binding with profit, it must be prepared from the beginning thoroughly, it is not recommended to take more risks if it can still be considered better to consider it than something that does not happen because it does not consider it well. make the best use of the capital owned even with small capital, never consider it as an experiment, it is better to do it seriously so that it can produce its own benefits. therefore before plunging into the world of investment or business it is better to learn a lot first related to things that bind to what will be done, because it can determine what will happen later, by investing in bitcoin it will generate profits but in a long period of time, it is also not easy to run it because not everyone has strong patience, investment or business is equally profitable if we can manage it well, but if we can't manage it well then don't expect there to be a big profit we will get, so the importance of learning about something that will determine the future.

it is true, in running a process it will not be easy, also most people fail in this one thing, people who do not have a consistent or stand they will easily give up with the occurrence of problems, whereas in my opinion a problem that occurs must be faced instead of being left or left, because by facing the existing problems it also makes us a lesson that can be taken on the bright side, If someone who cannot overcome his problems well then the possibility of that person will not get progress in his business, someone who wants to succeed of course they have to sacrifice to achieve success, I mean there must be sacrifice and struggle, because as you said there is nothing instant in this world when it comes to success, everything has its own process. and anyone can be successful if they want to try. and anyone can succeed if they want to try well and also don't rush in deciding something that will determine the future.

I think mismanagement and not maintaining good quality service makes a business fail. I see a lot of small businesses here in my place that goes bankrupt because of mismanagement reasons. Trusting people to work with your business is also an investment if you failed to choose the right and suitable one it will sometimes cripple the foundation. Just make sure you are ready to commit, take risk, responsible and then of course love your business.

Apart from these two which can make a business fail, there is another thing that makes a business fail, namely innovation, they do not have new innovations that can be provided to their users and also do not want to adapt to developing conditions so that their income will slowly decrease and eventually must shut down their business, because they are replaced by new companies that very innovative and what was offered was in line with what was needed at that time. Companies that do not continue to innovate and adapt to developments will be left behind and lose customers.

Something done in a hurry will not provide maximum results because we lose momentum to prepare the process. If it is related to investment, try to carry it out responsibly and carefully, especially if the available capital we have is small so we have to determine the right strategy to be able to utilize it. Bitcoin provides opportunities and avenues for anyone to take advantage of and as some discussions continue it is best to learn about them first before getting involved in investing.

Financial success and freedom is the responsibility of each individual and we are also required to be consistent in carrying it out. Nothing is instant and easy because going through the process will be much more difficult than hoping to make quick profits. The investment space is wide open for anyone and if we can concentrate properly then slowly we will definitely get real benefits. Start small and learn what methods are suitable for generating profits and as much as possible don't rush through the process.