2 reasons small businesses fail!
After working with a lot of small businesses, I thought I would share two of the main reason they fail to achieve their potential.
Better marketing or better strategy?
If you are not getting the results you want, stop for a minute. Here’s why. I was speaking with an entrepreneur a few days ago, and he was complaining that he didn’t have enough leads.
Are you strategic or tactical?
Most businesses think they are strategic, but they are actually tactical. Strategy and tactics are big subjects but let me give you an example using an online business I worked with recently.
Maximize what you have!
When I am working with entrepreneurs and businesses one of the most common things I hear is “I have this business but what I really want to do is XYZ.”
Email template that makes money!
Hopefully, you read my previous post about how to turn an unhappy customer into a revenue stream. If you didn’t then read that post below first.
Thought is your highest form of leverage!
When I ask business owners what their strategy is to get to their goal, very few have a clearly thought out plan that they can articulate to me.
Control other people’s assets?
The highest risk you take in business is when you actually start the business. There’s always risk but the point at which you invest all your money, time and energy is also the time when you have…
The first transaction is psychological?
The first transaction you make when you buy something is actually psychological, not monetary.
Make unhappy customers a revenue stream?
It doesn’t matter what business you are in, you will eventually get unhappy customers. It could be a genuine complaint or it might be that the customer perceives there’s something wrong, but there actually isn’t.
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