SlideShare ist ein Scribd-Unternehmen logo
1 von 11
Downloaden Sie, um offline zu lesen
And how to avoid them
1 Misguided management 
Are you equipped with all the necessary skills and 
leadership techniques to ensure the success of your 
business? 
TIP 
Open up the level of communication 
and trust so that things get done 
quicker and more effectively. If you 
don’t know, get help from someone 
that does.
2 Lacklustre branding and marketing 
It’s one of the most important areas of business but 
many see it as a nice to have, assuming 'average will 
do'. 
TIP: 
Step into your customer’s shoes 
and challenge yourself: is your 
message really going to make 
them stop and take notice? If not, 
change it.
3 Poor cashflow management 
Those unclear on what cash is coming in and what is 
going out often end up in financial difficulty. 
TIP 
Work out the profit margins on 
each customer and the break-even 
point each month. Be 
rigorous with credit control.
4 Ineffective business planning 
It’s easy to get caught up in running a business and 
lose sight of any realistic plans for the future. 
TIP: 
Work backwards from a 
desired position and set a 
succession of milestones to 
ensure this vision is achievable. 
Then fill any missing gaps.
5 Staffing issues 
It’s important to set up the right processes and 
compliance before staffing issues arise and it's too 
late. 
TIP 
Your actions determine the 
actions of the team around you. 
Live and breathe the values that 
you want to represent your 
business.
6 Absence of clear objectives 
How do you know how well you are doing if you 
don't track where you started, where you are, and 
where you are going? 
TIP: 
Establish the direction to take 
your business and define the 
short-term and long-term 
aims that will help achieve 
these goals.
7 Prohibitive location 
If clients can’t easily find your products or services, 
they’re likely to discover a more accessible 
competitor. 
TIP 
If your location is prohibitive, take 
your business into the virtual 
world and compete with those 
that are complacent in their 
online activity.
8 Lack of finance 
There are hundreds of lenders in the UK. It can be 
tough knowing where to start and how to find the 
best deal. 
TIP: 
Forget the banks and start 
with a service that will 
aggregate the options for 
you, such as Finance Finder.
9 Failure to embrace new tools 
If you don't stay abreast of new technologies and 
tools that can help your business grow, you risk 
falling behind the competition. 
TIP 
List your top frustrating and time-consuming 
business activities. 
More often than not, there’s a 
service or app that eases the 
burden.
Are you prepared to avoid these traps? 
Is your business built to succeed? 
Take your free 15 minute online assessment and 
find out! 
! 
www.advantagebusinessltd.com

Weitere ähnliche Inhalte

Andere mochten auch

Sleep Hacks: How to Sleep Better
Sleep Hacks: How to Sleep BetterSleep Hacks: How to Sleep Better
Sleep Hacks: How to Sleep BetterScott Britton
 
Productivity Facts Every Employee Should Know
Productivity Facts Every Employee Should KnowProductivity Facts Every Employee Should Know
Productivity Facts Every Employee Should KnowRobert Half
 
Do You Struggle With Employee Recognition?
Do You Struggle With Employee Recognition?Do You Struggle With Employee Recognition?
Do You Struggle With Employee Recognition?Elodie A.
 
10 Practical Ways to Be More Efficient at Work
10 Practical Ways to Be More Efficient at Work10 Practical Ways to Be More Efficient at Work
10 Practical Ways to Be More Efficient at WorkWeekdone.com
 
17 Ways to Design a Presentation People Want to View
17 Ways to Design a Presentation People Want to View17 Ways to Design a Presentation People Want to View
17 Ways to Design a Presentation People Want to ViewJim MacLeod
 
You Are Not As Rational As You Think
You Are Not As Rational As You ThinkYou Are Not As Rational As You Think
You Are Not As Rational As You ThinkYang Ao Wei 楊翱維
 
The Productivity Secret Of The Best Leaders
The Productivity Secret Of The Best LeadersThe Productivity Secret Of The Best Leaders
The Productivity Secret Of The Best LeadersOfficevibe
 
10 Ways Your Boss Kills Employee Motivation
10 Ways Your Boss Kills Employee Motivation10 Ways Your Boss Kills Employee Motivation
10 Ways Your Boss Kills Employee MotivationOfficevibe
 
Hype vs. Reality: The AI Explainer
Hype vs. Reality: The AI ExplainerHype vs. Reality: The AI Explainer
Hype vs. Reality: The AI ExplainerLuminary Labs
 

Andere mochten auch (9)

Sleep Hacks: How to Sleep Better
Sleep Hacks: How to Sleep BetterSleep Hacks: How to Sleep Better
Sleep Hacks: How to Sleep Better
 
Productivity Facts Every Employee Should Know
Productivity Facts Every Employee Should KnowProductivity Facts Every Employee Should Know
Productivity Facts Every Employee Should Know
 
Do You Struggle With Employee Recognition?
Do You Struggle With Employee Recognition?Do You Struggle With Employee Recognition?
Do You Struggle With Employee Recognition?
 
10 Practical Ways to Be More Efficient at Work
10 Practical Ways to Be More Efficient at Work10 Practical Ways to Be More Efficient at Work
10 Practical Ways to Be More Efficient at Work
 
17 Ways to Design a Presentation People Want to View
17 Ways to Design a Presentation People Want to View17 Ways to Design a Presentation People Want to View
17 Ways to Design a Presentation People Want to View
 
You Are Not As Rational As You Think
You Are Not As Rational As You ThinkYou Are Not As Rational As You Think
You Are Not As Rational As You Think
 
The Productivity Secret Of The Best Leaders
The Productivity Secret Of The Best LeadersThe Productivity Secret Of The Best Leaders
The Productivity Secret Of The Best Leaders
 
10 Ways Your Boss Kills Employee Motivation
10 Ways Your Boss Kills Employee Motivation10 Ways Your Boss Kills Employee Motivation
10 Ways Your Boss Kills Employee Motivation
 
Hype vs. Reality: The AI Explainer
Hype vs. Reality: The AI ExplainerHype vs. Reality: The AI Explainer
Hype vs. Reality: The AI Explainer
 

Kürzlich hochgeladen

Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024Stephan Koning
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessAPCO
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023Steve Rader
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakEditores1
 
A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.mcshagufta46
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Reportamberjiles31
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfSourav Sikder
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxWorkforce Group
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfHajeJanKamps
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursKaiNexus
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Lviv Startup Club
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHelene Heckrotte
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinAnton Skornyakov
 
Lecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toLecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toumarfarooquejamali32
 
PDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfPDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfHajeJanKamps
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..dlewis191
 

Kürzlich hochgeladen (20)

Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerak
 
A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Report
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, Ours
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup Berlin
 
Lecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toLecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb to
 
PDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfPDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdf
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..
 

The Top 9 Reasons Businesses Fail

  • 1. And how to avoid them
  • 2. 1 Misguided management Are you equipped with all the necessary skills and leadership techniques to ensure the success of your business? TIP Open up the level of communication and trust so that things get done quicker and more effectively. If you don’t know, get help from someone that does.
  • 3. 2 Lacklustre branding and marketing It’s one of the most important areas of business but many see it as a nice to have, assuming 'average will do'. TIP: Step into your customer’s shoes and challenge yourself: is your message really going to make them stop and take notice? If not, change it.
  • 4. 3 Poor cashflow management Those unclear on what cash is coming in and what is going out often end up in financial difficulty. TIP Work out the profit margins on each customer and the break-even point each month. Be rigorous with credit control.
  • 5. 4 Ineffective business planning It’s easy to get caught up in running a business and lose sight of any realistic plans for the future. TIP: Work backwards from a desired position and set a succession of milestones to ensure this vision is achievable. Then fill any missing gaps.
  • 6. 5 Staffing issues It’s important to set up the right processes and compliance before staffing issues arise and it's too late. TIP Your actions determine the actions of the team around you. Live and breathe the values that you want to represent your business.
  • 7. 6 Absence of clear objectives How do you know how well you are doing if you don't track where you started, where you are, and where you are going? TIP: Establish the direction to take your business and define the short-term and long-term aims that will help achieve these goals.
  • 8. 7 Prohibitive location If clients can’t easily find your products or services, they’re likely to discover a more accessible competitor. TIP If your location is prohibitive, take your business into the virtual world and compete with those that are complacent in their online activity.
  • 9. 8 Lack of finance There are hundreds of lenders in the UK. It can be tough knowing where to start and how to find the best deal. TIP: Forget the banks and start with a service that will aggregate the options for you, such as Finance Finder.
  • 10. 9 Failure to embrace new tools If you don't stay abreast of new technologies and tools that can help your business grow, you risk falling behind the competition. TIP List your top frustrating and time-consuming business activities. More often than not, there’s a service or app that eases the burden.
  • 11. Are you prepared to avoid these traps? Is your business built to succeed? Take your free 15 minute online assessment and find out! ! www.advantagebusinessltd.com