steps to take to avoid loss in your business

[Axis]

so far a business is concerned the tendency in which a business will run out of love is possible but there are steps that can be taken to prevent a business to run out of loss. giving careful consideration to the storage facilities available is one way in which you can avoid losses in your business. if you are dealing on perishable goods it is important to observe your storage facilities equipment with the items necessary to preserve these goods to avoid spoilage or wastage which can lead to loss of goods and commodities.
if a business does not have a facility meant for storing this good it is important that they provide their self with this facilities because it will go a long way in promoting production.

and also a business should give attention to the demand by the consumer when the demand is low they should not produce or supply plenty of the goods to avoid wastage of the goods or commodity. Because when the demand is low consumers will find it hard to purchase this goods and when the supply of this goods are much without no one buying them it can lead to wastage and spoilage especially when it is a perishable goods.
Bad roads can lead to waste each of these goods especially when the goods are breakable due to the rocky and bad roads. Driving on it would not be smooth and this can lead to the breaking of some goods which are made of glass or ceramic. And as we all know this goods required money for its production and so when such goods are being destroyed it can lead to loss for the company.

 

[Jasz]

Nice thread. 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. These risks or losses are quite different from those you mentioned in your thread, but I took my time to write out this:

Here are some of the risks or losses 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.

 

[Sotherefore]

Based on your explanation most of the business that are likely to be affected the most are agricultural business in which a farmer produces a perishable goods and because of this there must be a good storage facilities for these goods to be properly stored for long-term purposes to decrease the chance of early damage..

Another reasons why so many businesses are not succeeding is because some of these business
Do not have a good transport and communication network and this is one of the things that can hinder most business from accessing and getting in touch with potential client who might be interested in their products...

When people are thinking of establishing a business , the most important thing they must put into consideration is where to locate a business because this plays a very important role in most business success. When the location is not conducive the stress of making the business successful will automatically increase.