Some Pro Advice/Opinion says: "HOW TO STOP YOUR BUSINESS FROM FAILING" Growing businesses attribute their large and rapid growth to innovative ideas, savvy business deals, and loyalty to core philosophies. As a company’s products become cash cows and consecutive, profitable economic quarters stack up, no company believes that six months, five years, or even two decades from now it will stop growing or fail altogether. It is important for companies to be attentive to the factors that can cause businesses to fail and arrest them before too much damage is done. Here are 3 things to keep an eye on: Growing too fast Companies that grow too fast do so because of the high demand for their products. A good thing! To satisfy high demand, the business expands and branches out. Companies hire more employees and create more departments to handle the growth. However, unexpected downturns in the economy or the market’s sudden disinterest in your product can be a huge financial shock. What then? To recover, your business will need to downsize, and that comes with tough questions like: Where to start? Who can stay? Who has to go? You’ll have to decide which parts of your company are: Absolutely essential for the company’s success; Financial drivers; Running well and correlated with other department’s functions; Complimentary with the company’s culture and values. An organizational assessment can help management understand and address the financial leaks and make sure that the company continues as a cohesive unit. Growing too slowly CONTINUES... Join us on Facebook at:: https://facebook/groups/603484676364770/ Posted information FROM: nbrii/blog/stop-business-failing/? Follow us on Twitter at: https://twitter/freeproservices Visit our Philadelphia Church Network at: tyjesus.org/churchnetwork/
Posted on: Thu, 26 Sep 2013 22:32:18 +0000
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