btaliat
VIP Contributor
Business shortage to a layman may mean inability of a business owner not to break even. That is, when the loss occurs, the percentage of loss is greater than the profit.
There are so many reasons for this ugly situation. It is ugly because not all business owners prepare for business shortage which hereby make them prone to the deadlier hand of this monster.
Satisfying more customers at a time. A business owner should know the time to expand his business. But the one that has not yet expanded his business needs not to be stranding to different customers at the same time to prevent shortage. Those customers may internationally rush the sellers hereby miscalculate balance for his customers.
There should be minimum freebies. It is always good to make our customers happy by giving them incentives at least to make them feel special. However, we should be cautious while doing this. We should try to balance both the debit and the credit sides of our business to determine our profit before we even venture into freebies to avoid shortage.
For thos that use POS as their mode of receiving payment, there should be need to confirm a bank transaction before allowing a customer to go. There are times, the buyer uses fake credit alert or the bank even bounce bank some money for some reasons. So until a bank transaction is confirmed, a buyer should not be allowed to leave the spot.
In conclusion, we need to be very vigilant and cautious while doing business in order to maximize our gain and reduce our tendency of running into loss.
There are so many reasons for this ugly situation. It is ugly because not all business owners prepare for business shortage which hereby make them prone to the deadlier hand of this monster.
Satisfying more customers at a time. A business owner should know the time to expand his business. But the one that has not yet expanded his business needs not to be stranding to different customers at the same time to prevent shortage. Those customers may internationally rush the sellers hereby miscalculate balance for his customers.
There should be minimum freebies. It is always good to make our customers happy by giving them incentives at least to make them feel special. However, we should be cautious while doing this. We should try to balance both the debit and the credit sides of our business to determine our profit before we even venture into freebies to avoid shortage.
For thos that use POS as their mode of receiving payment, there should be need to confirm a bank transaction before allowing a customer to go. There are times, the buyer uses fake credit alert or the bank even bounce bank some money for some reasons. So until a bank transaction is confirmed, a buyer should not be allowed to leave the spot.
In conclusion, we need to be very vigilant and cautious while doing business in order to maximize our gain and reduce our tendency of running into loss.