Qualities that could bring down the growth of a business.

[Mastergp]

Different business we all engaged in, has an important way they should be run, when we fail to run it based on these procedures or policies, the growth which include capital could be lost as a result and lead to The Fall of that business we should bear in mind these basic important qualities that cloth it there are as follows:

Reducing sale to suit costumer interest :
The point usually result when business management reduce the price of a particular product in order to meet their customer demand, at most time this may cause the seller to sell a particular product below the cost price which such product are bought.

Form of technology to use:
In the case of technology the are of two type quality tech and inferior tech, so this is what a business management should consider, technology that would carry out useful task at the right time, using inferior technology may break down easily at any point in time and this may result to lost of client and workers.

Employee should be committed :
Many business has loss balance when employee lack proper. Training or knowledge of the job they are employed in, most businesses lack screening of employee and this could result to employment of in experience employee who may not have an idea of the business he is running.

 

[Augusta]

When it comes to a reduction in the growth of the business a lot of factors come into play. Each business owners have different favyors that might militates against their growth it is left for the business owner to find out which is the one affecting them to put in place.

The factors include

High price of products: With increase price of a product, the customers might start seeking alternative which will make sales to be poor and ofcourse growth will be reduced

Lack of efficiency: When the efficient level of the business is low and customer sees this gal of course they will move away. the company must continue to show that they are efficient enough to handle all request of a customer.

lack of incentives for the customer: Customers will always patronize where they have the best discounts and other freebies. You need to always get your customer addicted to you by making them feel needed