In
companies there are factors that can be positive or negative for the good
management of it. When working in a company, it is important to have knowledge
about what works, to avoid any inconvenience that could harm it. Not to repeat
mistakes in entrepreneurship, it is important to know what factors can make it
fail. The causes of this failure can be external or internal. The external ones
are those that come from the general situation of the Gross Domestic Product
(GDP) of the country or the economic sector in which we find ourselves. The
interns depend on the entrepreneur and are diverse.
We
can also stand out the commercial and financial as the main causes. The
commercial causes come basically from the demand instability and new
competitors. The demand instability comes from consumers changing our tastes
and meeting our needs with other substitute products or services. Therefore,
entrepreneurs should continually innovate. When we perceive an increase in
sales, but with a decreasing rate, to be exact, less and less growth, we should
think about innovating, since the life cycle of our company will be reaching a maturity
stage which will be followed by a stagnation and a subsequent fall sales.
Here
are 3 recommendations for avoiding business failure:
1. - Errors with
employees: It is
fundamental to know what type of people we are hiring, that’s why before
placing a person in a vacant position inside our company, we should study and analyze,
which is so specialized in the area for which is postulated. It is a role that
must be fulfilled by the personnel who are experts in selecting the personnel,
who are known as human talent, that’s where the process of those who make up
the business organization begins. It is important that we be rigorous with the
selection, because if we have an efficient and highly qualified team, we are
sure that you will have a satisfactory job.
2. - Do not ignore the
client: Our primary
source in the business is customers, if they aren’t comfortable with your
product or service; you could fail sooner than we think. That’s why, we should
always give the customer what he wants, with the best treatment and
friendliness, with services and quality products, so they are satisfied and
faithful to our company. Do not forget to be attentive to our customers before
and after making any purchases.
3. - Business culture: It is an important point, because
it is up to us to be able to create an entrepreneurial culture, where we become
identified with our work team, as with the clients. Let us have a particular
identity and trust with our consumers so they can feel part of it and will be a
great contribution for our company.
Visita:
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