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Topic: WHY SMALL BUSINESSES FAIL

  1. #79
    Newbie pyramidconsult's Avatar
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    Re: WHY SMALL BUSINESSES FAIL

    In addition to the useful tips Mr. Emmanuel shared, the following are also the causes of small business failure;

    Choosing the wrong business:
    Many people dabble into a business they do not have passion for. The fact is any business that seem like a job will not last. Any slightest problem and you will loose interest.
    Poor marketing:
    Many small businesses fail because they do not budget enough money for marketing. Some of them has quality products and has capacity to offer high quality services, but cannot generate enough sales due to poor marketing. Big corporations invest a substantial part of their revenue in marketing.
    Lack of entrepreneurship skill:
    Business is not a game of chance. To succeed you have to possess an entrepreneurial mindset and at least basic entrepreneurship skill.
    Insufficient knowledge of the business:
    Many small businesses are easy to start, and as a result many people do not find it necessary to seek expert advice or learn the ropes from the practitioners. It is only when they start the business that they find out that the business is not as east as they envisioned.
    Lack of information:
    Business world is dynamic. The process you use today can be obsolete tomorrow. So, if you cannot keep abreast of the changes, you will not compete. And that result in business failure.



    Quote Originally Posted by okmoreal View Post
    WHY SMALL BUSINESSES FAIL

    POOR LOCATION: Some of the reasons why start-up fail is the inability to situate in a good area for business. Sometimes some organizations are located far away from raw materials and factors of production like labour. If a fast food is located close to a bank, the business will thrive and if a boat manufacturer is located in the neighbourhood there will hardly be sales because it is not a riverine area.

    MISUSE OF FUNDS: Mismanagement of business of business fund is a big problem that causes stunted growth. If a business begins to make profit, part of it should be reserved for the future plan and continous existence. Atleast 40% should be added back to the capital and not misused by the business owner for luxurious spending.

    LACK OF SUFFICIENT CAPITAL: So many small businesses have this problem as there number one, because it is the capital that will make provision for office and equipment, staffing, cost of production and advertising. Sometimes start-ups need good capital depending on the plan of the business for instance, you cannot run a cyber cafe with as low as a hundred thousand naira. You would have to consider the cost of getting an office that is the rent, then the computers, printers, ISP(Internet service provider), furniture etc.

    LACK OF EXPERIENCE: Where a business owner fails to make a good plan there would be failure in the long run of the business and this is as a result of inexperience,also if a businessman does not understand the kind of business to do and how to manage people very well there would be problems.Inability to convince investors with a good business plan and a proposal is going to be a big problem,a business person should enjoy and be passionate about his or her business.

    OVER-INVESTMENT IN FIXED ASSETS: Sometimes some companies have made mistakes in the area of acquiring gadgets, machinery and buildings. If an upcoming business should have over sufficient space and they paying for the rent, it affects the size of their capital because such space is not used to give them extra income. It is dangerous to have excessive working equipment and over staffing.


    COMPETITION: Some business cannot cope with the rising effects of competition in their area of specification, because of lack of good planning strategy which could sometimes be as a result of piggy-backing. Piggybacking means depending on a bigger business for survival, some businesses find it difficult to build their brand and differentiate themselves from the crowd which a problem and one of the biggest reasons small businesses fail.

    I remain your business consultant anytime,always at your service,keep a date with me weekly(every wednesday).See you at the top.Wishing my dear readers, a Merry Christmas and a Prosperous New Year.

    Mr Emmanuel.
    07040406923.

  2. #80
    Senior Member galaxyb's Avatar
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    Re: WHY SMALL BUSINESSES FAIL

    great stuff.

  3. #81
    Newbie toluwalomo_writingmachine's Avatar
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    Re: WHY SMALL BUSINESSES FAIL

    Moderator...pls put stop guards in place for all these spamming crap. It is devaluing this forum.
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  4. #82
    Newbie pletcheryzc's Avatar
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  5. #83
    Newbie pletcheryzc's Avatar
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    These miu miu Handbags

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  6. #84
    Newbie arganmor's Avatar
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    French speaking virtual assistant


  7. #85
    Newbie unlimitedcashsystem's Avatar
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    Re: WHY SMALL BUSINESSES FAIL

    This forum is a Joke!

  8. #86
    Newbie GaDGpok's Avatar
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    Spy Software for Mobiles

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  9. #87
    Newbie kasy4u's Avatar
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    Re: WHY SMALL BUSINESSES FAIL

    Every Business no matter how small it is great. It is always fun watching your business grow.

    I have got this secret to importation business In Nigeria or any other African countries.

    Order for your Ebook on Starting importation with less than N10,000 ($80) visit www.wealthymanual..com or CLICK HERE TO SEE FOR YOURSELF


  10. #88
    Senior Member jamesaka's Avatar
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    Re: Salope sa telle une établir de mère lusine

    FINANCIAL EMPOWERMENT BY R.C.C.G. make N63,000 for 10 days or N340,000 before End of this Month


    Permit me to introduce myself, I am Pastor JAMES AKABUWEZE of THE

    REDEEMED CHRISTIAN CHURCH OF GOD RCCG-Amazing Grace Parish Nasarawa

    Qtrs., Biu Rd, Gombe and also a Forex trader/instructor. I am an information editor of the SUCCESS DIGEST MAGAZINE and also the MODERATOR

    of the FOREX BOARD in WEALTH PACKAGE FORUM.

    Basically I am a member of THE NAIJAPALS FORUM ; and I wish to share with you a very vital and interesting information about Forex.

    Forex is a trade that gives money within a twinkle of an eye if you really know the strategy and medius operandi behind it.

    I learnt about it but i wasn't an expert in trading it. I encountered many losses while trading until I decided to quit.

    As I quited, I saw a testimony about a Forex investment company that has experts working for them.

    They gave people the opportunity to invest with them and get their dividends promptly.

    As a trained Forex trader i inquired for their mode of operation and I realized that they were working very well.

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    The chance is open for every individual and co-operative investors as they are there to work for us.


    BELOW IS THE INVESTMENT PACKAGES:


    AMOUNT.........DAYS......DAILY INTEREST.....INVESTMENT INTEREST.......ROI
    50,000.............10..............3,500.......... ...........35,000.....................85,000
    100,000...........10..............7,000........... ..........70,000.....................170,000
    200,000...........10..............14,000.......... .........140,000....................340,000
    300,000...........11..............21,000.......... .........231,000....................531,000
    400,000...........12..............28,000.......... .........336,000....................736,000
    500,000...........15..............35,000.......... .........525,000....................1,025,000


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    After that, the company pays you 70% interest and takes 30% as their share of the investment.

    it's simple and easy invest N50,000 for 10 working days.

    forex pays....................................... 10% daily of your initial investment

    10% multiplied by 10 days =................. 100%

    you take..........................................70% of N50,000 = N35,000

    the company takes..............................30% of N50,000 = N15,000

    total =............................................100% of N50,000 = N50,000



    N85,000 will be your ROI for investing N50,000 with the company for just 10 working days.

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    The same procedure is applicable when you invest N500,000, N400,000,

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    Company Name:...............DENNIS WILL INVESTMENT NETWORK
    Website:........................www.denniswill.com/ng
    Email Address:.................[email protected]
    Helpline:........................+234- 809 351 8511


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    Pastor James Akabuweze,
    THE REDEEMED CHRISTIAN CHURCH OF GOD,
    RCCG-Amazing Grace Parish Nasarawa Qtrs., Biu Rd, Gombe
    Email: [email protected]
    GSM: 08153112963

    Remain Blessed
    JESUS CHRIST IS LORD

  11. #89
    Junior Member saintstephen's Avatar
    Join Date
    Jul 2009
    Posts
    54

    Re: Salope sa telle une établir de mère lusine

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  12. #90
    Member makuos's Avatar
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    Re: WHY SMALL BUSINESSES FAIL


  13. #91
    Member makuos's Avatar
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    Re: WHY SMALL BUSINESSES FAIL


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