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Business strategy
When a business owner should be worried.
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[QUOTE="btaliat, post: 171638, member: 26390"] Business is hard to manage, no doubt in that. It takes courage and hardwork to keep going on managing bhsiness. There will be sometimes when a trader will just feel like quitting. There are some things that a business owner, however needs to take into consideration lest he won't have his business shut down naturally. Some of them are below. No feedback from customers : a business owner needs feedbacks from his customers whether good or bad. The moment no one comes with any feedback, a business owner needs to hear up. No constant sale : it is not necessary to be making the same amount of sale everyday. But there must not be be consecutive reversal in the business. Anytime a business owner is making consecutive losses, there is need to go back to the drawing board. No big competitors : when we have competitors, we it shows we are on the right side. So if there is no one to compete with or there is no bigger business owners to compete with, then then there must be trouble. [/QUOTE]
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