Carpon
Valued Contributor
Every business person and every business set up has the goal of growth and expansion and not just staying at the same level that it was created or even becoming less of what it was at it's time of creation or set up. But at so many times, you discover that businesses die down and lose relevance with time. After careful study, I have come to discover that some factors are always responsible for that and paying attention to them will help one avoid the situation described above.
✓ Poor management. Whether you are the one managing your business personally or you hire a manager, lack of the proper and necessary skills of management will result in poor management and in that condition it will lead to the dead of that business or it's diminishing. This is one of the leading causes of this and getting a good manager will be the first step towards business growth and expansion.
When there is good management, funds will be managed properly, everything will be accounted for, the right actions will be taken and everything will be moving flawlessly.
I think the above is the number one may he followed by lack of strategic planning in location choosing and etc. You can add yours.
✓ Poor management. Whether you are the one managing your business personally or you hire a manager, lack of the proper and necessary skills of management will result in poor management and in that condition it will lead to the dead of that business or it's diminishing. This is one of the leading causes of this and getting a good manager will be the first step towards business growth and expansion.
When there is good management, funds will be managed properly, everything will be accounted for, the right actions will be taken and everything will be moving flawlessly.
I think the above is the number one may he followed by lack of strategic planning in location choosing and etc. You can add yours.
