You might be wondering why your business is failing to penetrate through that ceiling of success; well it’s high time you consider some of the important aspects which make your neighbor’s small business tick. Swallow your pride and go shopping for ideas from your neighbor; he might be having something which is missing from you business. Do some research on the internet, read books with information regarding how some successful business people made it out there?
I am very positive you will find common things which you can use to bring back your business back tom life.
Below are some of the two significant factors from Neil Patel an American tech entrepreneur and business journalist.
No money no business: Patel argues that one of the chief reasons startups fail is because they introduce an unwanted product into the market hence there is no market need for the product. He says that if you’re spending time making a product you must make sure it’s the right product for the right market.
Your business is the whole business: Patel says an entrepreneur “should not ignore the business process and issues of a company because it is not their job”. A startup should not separate his responsibilities, says Patel. In a startup, he says, “roles and responsibilities will overlap.