Several problems that can not be ignored in the business of brushes_common problem
by:MX machinery 2022-03-17
Generally speaking, from the initial capital allocation and scheduling, talent recruitment, marketing strategy, management skills, and subsequent market trend changes, competition, coping strategies, etc., may cause the business you founded to suffer The fate of being unable to survive. The following are the most common reasons for failure in the process of starting a business. 1. Short funds. The brush entrepreneurs underestimated the financial needs, the financial budget is lacking, and at the same time they cannot effectively use the funds in operation or production, so it is difficult to create a surplus. Many people did not consider the importance of working capital at the beginning of their business, so they rushed to start a business without sufficient working capital. As everyone knows, many people have to close their doors in advance because they don’t have sufficient liquidity when business is not going smoothly after starting a business. If the Maoshu entrepreneurs do not have sufficient liquidity to maintain the operation for more than half a year when they start a business, please do not go to Maoshu to start a business lightly. 2. Insufficient market information. Including not really understanding the demand of the potential market, wrongly estimated market share, unclear understanding of sales channels and competitors, etc. Many brush entrepreneurs do not understand the business operations of their competitors, nor do they carefully analyze the business strategies of their competitors, and do not know what measures and means the opponents will have next to deal with them. Especially if you don't analyze the pros and cons of both sides, just act on your own feelings, and end up suffering. 3. Too many defective products or the defective rate is too high. Because there are too many defective products, or the defective rate is too high, the cost and loss are too large, and the products at the beginning of the establishment of the brushes are also lacking in popularity, which leads to unsalable products and a large inventory of stocks. 4. Wrong strategy. Inappropriate corporate values, ineffective management and sales strategies, errors in estimating competitors, etc. This includes mistakes in business ideas and competitive strategies. Because these strategies are related to the survival of an enterprise, this also leads to failure. The most important main reason. Once the brush entrepreneurs make major mistakes or incidents, they often lack coping experience and solutions. Therefore, for first-time entrepreneurs, a wrong strategy can be fatal. 5. The product elimination rate is too fast. If the product life cycle is too short, or the product produced is out of fashion, the product will be eliminated soon after its launch. This unfashionable product is likely to be eliminated in a short period of time after the establishment of the brush. fate. Usually popular products aimed at young people generally have a short lifespan. The entrepreneurs of brush rollers must understand this rule. When a popular product becomes popular, you must be especially careful when you invest again to get a share of the pie. Maybe when your new product hits the market, that's when the product is no longer popular. 6. Improper management. The brush entrepreneurs lack management experience, make changes every day, and often learn from their mistakes, but they consume a lot of the company's resources and cannot establish a reasonable, flexible and efficient system. For example, improper employment can cause unnecessary internal consumption; for example, there are loopholes in the financial system, which give employees the opportunity to harm public and private interests; for example, safety production is not paid attention to, causing serious casualties and so on. 7. Start a business at an inappropriate time. For example, opening an air conditioner store in winter may be affected by the off-season factors, which may cause setbacks in your brush business career. Or the brush business was soon restricted by the new industry management regulations promulgated by the country and the locality, which made it unpredictable, resulting in waste of resources or inability to operate. 8. I don't understand the relevant regulations of the country. The state stipulates that many industries cannot be operated by private owners. There are also some industries that were allowed to operate in the first place, but they were affected by policy changes, and even a certain industry would be suspended for rectification indefinitely. All of these must be understood clearly. Welcome to www.mxbrushmachinery.com