Know your marketplace?

On January 30, 2006, in news, by

Doing some research today on Small Businesses and some interesting links…


http://www.usatoday.com/money/smallbusiness/columnist/abrams/2004-05-06-success_x.htm


“The lesson? To greatly increase your chance of success, find out as much as you can BEFORE you open your doors. Talk to people who run their own businesses, especially businesses similar to yours, and get a realistic understanding of the time, financial, and emotional resources necessary. Keep your eyes open — not to the possibility of failure, but to the very real demands of running your own business.”


Business Starts and Stops:
https://www.nfib.com/object/2752733.html


Small Business Problems and Priorities:
http://www.nfib.com/object/IO_16191.html


Lessons from Katrina.. http://www.nfib.com/object/IO_25515.html


Top 10 Reasons Why Small Businesses Fail | Starting a Business > Business Plans:
http://www.allbusiness.com/articles/startingbusiness/1440-25-1822.html




  • Procrastination


  • Ignoring the Competition (and I would argue it’s not your fellow SBS consultant)


  • Sloppy or ineffective marketing


  • Ignoring customers’ needs


  • Incompetent employees


  • Lack of versatility


  • Poor location


  • Cash flow problems


  • A closed mind


  • Inadequate planning

Just some links for thought…..

 

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