Is your business successful? We would all want to answer YES! Take a closer look: is your business THRIVING? We might not be so quick to answer. The truth is that we need a foundation and we have to be prepared for the challenges that inevitably come. The cold, hard fact is that 80% of businesses fail. Let’s talk about the reasons why they fail and how we can avoid the failure!
Five Reasons Why Businesses Fail:
Lack of financial, business, or strategic management plans Failing to plan sets you up to fail Where do you see your business in 1, 2, and 5 years? Lack of marketing strategies Check competitors’ services and prices The goal is to “stand out” in your community Insufficient cash flow Have a budget forecast Know your expenses! Failure to market online Your business MUST be visible Make the most of SEO and social media potential Failure to listen to your customers Ask customers for feedback (use surveys) Show customers that you care Pay attention to details I hope these reasons are helpful to you, future and fellow massage therapists. Make it another game piece to your successful, thriving business.
Check out all the valuable practical information here: www.gamechangeyourbiz.com
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