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How to avoid potential loss in business
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[QUOTE="Jasz, post: 270078, member: 61772"] [FONT=Verdana]When you're starting a business, it's easy to get excited about all the possibilities. But as your business grows and you have a growing number of employees, there are some new risks that you need to be aware of. Here are some of the most common risks for small businesses: Loss of key employees. As your company grows, it's important to keep an eye on turnover rates and turnover costs. If one or two key employees leave, that can be devastating for a small business. However, if several people leave in rapid succession, it could cause serious problems for the company. Inventory loss. Small businesses often do not have large amounts of inventory on hand at any given time. They also may not have enough cash flow to purchase new products regularly or replace goods that have been damaged or worn out over time. This can lead to lost sales as customers find themselves unable to purchase items they want because they run out before they can purchase more goods. Inventory shrinkage too.[/FONT] [/QUOTE]
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