Augusta
VIP Contributor
There are a lot of factors that bring losses to a business but there are some you can't.help when you make a mistake about them. They are the instigators. They always point to losses and if not properly handled will crumble the business faster than you think. The factors are;
.
Diversion of funds
When once you divert the funds for the business to other projects that naturally you are trying to crumble the business and when one is done an employee the business will exper7 losses
Unsuitable and bad maintenance of plant and machinery
This is one great instigator of business losses. When once there's break down in the assets of the business then the business will naturally experience losses. The production that will be carried out smoothly will be hampered by bad maintenance of plant and machinery
Wrong demand forecasting,
A business will experience losses when the business demand was wrongly forecasted. Producing more products than the market need will lead to product expiration, damages or waste. This will only bring huge loss to the business.
Lack of skilled labor.
A business not having the right workers to bring the production to what it should be will result in losses. Customer or clients wouldn't want to patronise a business that they can't get their money worth. So for products they were not appropriately made. The customers might bypass them and no sales.This will bring losses to the business as the products have been abandoned.
.
Diversion of funds
When once you divert the funds for the business to other projects that naturally you are trying to crumble the business and when one is done an employee the business will exper7 losses
Unsuitable and bad maintenance of plant and machinery
This is one great instigator of business losses. When once there's break down in the assets of the business then the business will naturally experience losses. The production that will be carried out smoothly will be hampered by bad maintenance of plant and machinery
Wrong demand forecasting,
A business will experience losses when the business demand was wrongly forecasted. Producing more products than the market need will lead to product expiration, damages or waste. This will only bring huge loss to the business.
Lack of skilled labor.
A business not having the right workers to bring the production to what it should be will result in losses. Customer or clients wouldn't want to patronise a business that they can't get their money worth. So for products they were not appropriately made. The customers might bypass them and no sales.This will bring losses to the business as the products have been abandoned.
