That's unacceptable!
Simple Business Solutions combats small business failure by providing subject matter expertise in all areas of business to overcome the twelve most common contributors to business failure.
- Lack of a properly researched, well-developed business plan.
- Unrealistic expectations about sales, the money needed to operate, and the level of effort required to achieve success.
- Failure to seek assistance from subject matter experts in areas where the owner/management may be unfamiliar.
- Possession of insufficient experience that is relevant and applicable to the business.
- Ignoring or minimizing the importance of effectively marketing the business.
- Ignoring or misunderstanding actual and potential competitive threats.
- Placing too much emphasis on one large customer.
- Managing cash flow improperly.
- Starting with too little money.
- Improper pricing.
- Over-delegation or under-delegation of critical management responsibilities.
- Hiring the wrong people.
