Posts Tagged‘business failure’

Reasons Why People are Abandoning Your Products in Favour of Other Options

05 Source: Unsplash It is common for some sales in your company to drop slightly over a given period. It is usual to see profits fall and rise. The problem is when the drop seems to be too drastic. It shows that many people who used to be your customers decided to leave you in droves. You need to understand the reason behind their behaviour and find a way to deal with the problem. Increase in price People bought your products before because they were of top quality. However, they were not valuable enough to justify a drastic increase in…

Top Reasons Businesses Fail

Recent figures have shown that the whilst there are more businesses being registered than there ever has been before, the percentage of businesses which are failing is on the rise. This is a worrying sign for anyone who is looking to set up a business and makes what is already a difficult job, much harder. In order to avoid the fate which so many businesses have suffered, it is important that new business owners gain a areal understanding as to why those before them have failed so that they can avoid this themselves. Let’s take a look then at some…