Where Most Business Get stucks
IBM Institute for Business Value and Oxford Economics found that 90% of Indian start-ups fail within the first five years.
CAN YOU HANDLE THE TRUTH?
Your business is the reflection of you, your business fails because of the business person you fail, most entrepreneurs are not able to handle the truth. If you are in business more than 6 yrs., if your take home is not more than 6 figures may be Misunderstand the whole concept of business because you cannot argue with results. It’s a just honest advice, it may hurt you, but it will set you free.
Reason NO .1 (MIS-MANAGEMENT)
IN BUSINESS EVERY LEVEL THERE IS DEVIL
You see, every business comes to a sticking point, where behaviour must be changed to get the new level. Some business never figures it out and die (sometimes quickly, Sometime slowly
Some tough it out eventually arrive at solutions slowly and painfully trial and error -this is What many businesses go through.
While a few businesses understand What is required of them at each level-advantages and solving challenges quickly.
Mis-MANAGENGENT OF SALES
NO SALES OR LOW SALES
(EVERY THING IS POSSIBLE WITH THE GOOD TEAM)
All top companies placed their product and services in the highly competitive market by having good expert sales and marketing team, so next question is where we get good expert sales and marketing team. You can’t find them by running a adds, because good people are working for others, GOOD PEOPLE ARE WHO YOU ARE TRAINED. So, HIRE ATTITUTDE AND TRAIN SKILLS.
Management is not direction of things It’s all about development of people. By developing the high-performance culture in the organization solves all kind of management issues like people quitting job often, sales pressure, team not involved in the business activities, paying to the non-productive people etc.SO CULTURE EATS ALL YOUR BUSINESS STRATERGY.
Reason NO .2 (MIS- UNDERSTANDING)
Many business people or getting into the business by default, starting a business is easy, For Running a successful business you need skills
The technical work of the business and a business that does that technical work are two totally different things. But the technical person who starts the business fail to understand this.