What Reasons for Small Business Fails

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What Reasons for Small Business Fails
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Overview

• Introduction
• Crucial points
• Business Ideas
• Planning
• Management
• Overcome fails
• Conclusion

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Introduction

• Every year plenty of entrepreneurs come out with
  huge dreams to start their own business. Due to
  some reasons most of them are failed in small
  business. Let us start the discussion about how
  to overcome this situations with using Apptivo.

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Crucial point out of Fails
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Business Ideas

• Initially, any type of business fields it surely
  needs ideas then only taking your innovative
  ideas into next level planning.

• For example If you are willing in products sales
  business, start to collect all information about
  this field, marketing trends, competitors,
  analyse everything about it. Then think new
  innovative ideas to your business. In case fails
  in this stages most probably upcoming everything
  fails or sometimes it end up with positive
  results.

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Planning

• Next level is planning, already noticed in the
  above paragraphs ideas are the stepping sources
  to good planning. Before launch and after launch
  your small business you design more planning for
  upcoming days.

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Business planning is very important, next failure
reason is the lack of business planning. Most of
them failed in this stage.
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Management

• Management process like
• CRM
• Accounting
• Marketing

• After long efforts business launched, this is
  startup stages so manage all business process is
  a daunting task.

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Customer Relationship Management
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Better customer relationship leads your business
into success. All customers wants our services on
time without any delay. If failed to provide
services to customers in a right time customer
satisfaction decreased then customer retention
totally damage.
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Accounting
If the company is started up to date each and
every accounts details maintenance helps to
develop business. All financial transactions
records help to easily take annual revenue
reports, incoming and outcoming amounts records,
etc. Many small businesses has lack of accounts
management. In starting stages it runs normally
after days going it creates many problems and
causes for business close.
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Marketing

• Every small business needs some promotions
  activity to reach out business to many target
  audiences. Many small business owners lack in
  this area. We convey about our business to many
  audiences it helps to improve business growth. If
  promotional activity didn't proceed properly or
  not done. Surely, it also one reason for small
  business close.

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How to overcome small business fails
Technology implementation is essential for small
business. That helps to manage all business
process some are customer management, accounting,
expenses, marketing and sales tracking.
There are plenty of software vendors available
and they instantly provide services. My
suggestion is software with more integration,
fully customization, ideal to use. It helps to
manage your small business without fails.
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Conclusion

• Failure is the stepping stone to success dont
  lose your confidence. Every failure teaches some
  lessons keep that in mind. Achievement available
  in front of you but we put more efforts and most
  are Ideas, Planning and technology selection.