Doing business in an unfavorable environment?

[Bookwormlux]

There are so many factors that busines owners try to check out before siting their business in a particular location. This is because it goes a long way in determining how far you would succeed in the business. Without a nice business environment z your business stands at risk of failing, and then you run into losses.

However, there are certain times where the unfavourable situation of an environment is inevitable for your business or may have come after you have settled down already in the environment to go about the business. I'm this case, there is nothing else to do than to think about how best you can manage the situation and not just complain.

What are those things we could do to make sure that our business does not fold up in an unfavorable environment??

Examples of an unfavorable business environment:
-Excessive taxes charged, especially if it is a small business.

- An environment where there is what and incessant crises.

- An environment where the demand for your services has reduced drastically.

-An environment suffering from a natural disaster.

Have you ever been in such unfavorable business environments, and what are those measures you took? Or do you just subscribe to the idea of running away.

 

[TOZZIBLINKZ]

Most established businesses owned and controlled by various business owners are presently facing environmental problems which they should have considered at the initial stage of establishing their businesses . It is hundred percent advisable to consider the environment which you intend to situate your business , and in fact the business environment is said to be one of the Major determinant of business success . A business that has to do with the act of buying and selling of consumers social good and commodity must be situated in an area or an environment where it will meet demanding consumers to be specific a highly populated area .

Not not only private individuals the government also should consider the environment as a factor before sponsoring capital and revenue project in a particular area . For example if a government of a particular country wants to build a bank in a particular environment the government must consider what type of people that lives in the area , the government Bank shouldn't be built in an area with high crime rate , it must be far away from people that engage in crime activities . Hoodlums , arms robbers , gun men's and miscreants are good example of crime involver .

 

[moonchild]

Well the best thing to do as a business owner in an unfavorable environment is no to even start and if you already started then you should close the business because I see no benefits in operating in that kind of environment. All odds are stacked against you so the best thing to do is to call it quit, this is not failure or a called playing with caution.

The internet have really helped in curtailing such types of occurrences, today, you can open a business with zero risk and you will be able to manage it wherever you're around the without any hassles.

I have come across a lot of business that refused to close when the market is not moving in their favor and they ended u getting burnt, most of them lose their capital and slipped into depression because they refuse to hid to signs.

Sometimes these kind of factors are not in our control, so we can't really do much to prevent but when it happens we are supposed to take action immediately because half baked is still better than known.

But the best advise is to join the online train and make hay while the sun rise