Ways to Avoid Business Failure in Any Crisis - PowerPoint PPT Presentation

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Ways to Avoid Business Failure in Any Crisis

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Here are some of the reasons for business failures and how to avoid those failure. Focus on your business objectives and protect itself from any threats by adopting latest practices of Custom Billing and Online Invoicing. Invoicera offers the following features to all business industries –  Online Invoicing  Online Payments  Staff Management  Time Tracking  Financial Forecasting  Expense Management Try Invoicera for Free - – PowerPoint PPT presentation

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Title: Ways to Avoid Business Failure in Any Crisis


1
  • Ways to Avoid Business Failure in Any Crisis

2
  • There are unpredictable reasons for the business
    success and survival i.e. both external and
    internal factors. A large number of business
    failure and success depends on the problems
    defined externally. Most small business owners
    have limited experience in management while tend
    to have technical or professional skills. This
    can result in subsequent reversal of the fortune
    in the widespread business failure. Everyone
    including suppliers, investors, employees and
    customers lose when a business owner fails.
  •  
  • According to the recent stats and figures
  • 90 of the business failure results due to cash
    flow problems
  • 80 of the business owners serve 2 years in
    business, 50 of all businesses form it 5 years,
    30 sustains 10 years
  • 50 of business owners strike cyber-attacks, only
    20 of small businesses rates their ability to
    mitigate vulnerabilities, cyber risks and highly
    effective attacks

3
(No Transcript)
4
  •  
  • Internal causes of Business failure
  • Lack of management
  • The deficit in invoicing
  • Incompetent sources of finance
  • Poor debts
  • External causes of business failure -
  • Strict governmental measures may affect specific
    sectors of business activity and
  • impose a stringent burden on SMEs.
  • The bankruptcy of Main Customer or Supplier
  • STEPS THAT WILL STOP BUSINESSES FROM FAILING
  • Passion in business is important
  • Look out for more questions
  • Running a Beta Test
  • No Fool-proof
  • Manage cash flow
  • Plan for the future

5
  • Plan and forecast your business with proper
    account receivables, reports and keep track of
    inventory turnover and operating margins.
  • Handle the business metrics like a pro by
    choosing an Online Invoicing Software like
    Invoicera.
  • Invoicera offers the following features to all
    business industries
  • Online Invoicing
  • Online Payments
  • Staff Management
  • Time Tracking
  • Financial Forecasting
  • Expense Management
  • Credit Note Management
  • Subscription Billing
  • Try Invoicera for Free - https//bit.ly/3jEd3pD
  •  
  • Source 6 Amazing Ways to Avoid Business Failure
    in Any Crisis

6
THANK YOU
Feel Free To Contact Us Invoicera Inc. 2 Floor
, Plot no 55 P, Sector 44 Gurugram, India E-Mail
support_at_invoicera.com
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