Skip to main content

Signs You Must Change Your Business

There are times when in pursuing a career as an entrepreneur, you have to face business changes. Previously a culinary business, now a fashion business. Previously the property business, now the contracting business.

Naturally, if you have to change business in your life, because not all businesses promise. But there are also many people who are trapped in chaos, do not know whether the business he is running is correct or must be closed and replaced by other business models.

But there are actually 4 important factors that determine whether your business needs to be closed and replaced by others. Among them:

1. BUSINESS DOESN'T VISIT PROFIT

Before starting a business, you must make a plan in advance. In business planning, you also determine the estimated time, when your business starts to payback (BEP) and when your business starts to reap profits.

But if you have passed the estimated deadline for the BEP and haven't returned yet, you can start on standby to evaluate your business. Lest things go wrong and leak in your business.

Then if it has passed far from the estimated time of the BEP but your business is still losing money, then it could be a sign that your business is not promising and you have to replace the business.

2. MARKET CONTINUES DOWN

A good business is one whose market share continues to grow and grow. If your current market share continues to decline, that means you must immediately change business. No need to force the defense of your business.

3. YOU DON'T HAVE ANY PASSION IN IT

If you have a passion in your business, you will do your business diligently, passionately, and joyfully. Even when there are obstacles in your business, you can solve these problems quickly and not easily discouraged.

Another case if you have no heart (passion) with your business. You will be lazy to do it, will be reluctant, and easily beaten hopelessly when problems come.

Businesses that are run reluctantly will be very difficult to become successful. If you feel you no longer have a heart in your business and your business does not have a good performance, immediately leave your business and move on to other businesses that are more interested in you. Don't wait until you fall bankrupt first.

4. BUSINESSES JUST REACH IN CERTAIN TIME

Some types of businesses are only busy at certain times. Such as the firework supply business which is only busy before Eid and New Year, or the Christmas tree supply business that is only crowded before Christmas.

Just a suggestion, do not make a seasonal business like this as the main income. When the season has arrived, buyers will arrive themselves. But if it has passed the season, your business will be empty of buyers.

You may open this business when the time comes, but make this business just as an additional income. Don't make it a main income.

For your regular and primary income, look for a business whose market share continues to exist and never subsides. Plus there are no obstacles in the procurement of product stock.
Labels:

Comments

Post a Comment

Popular posts from this blog

How to Restrict Handphone Hotspot Users

Limiting Hotspot Users - Excessive users when you turn on a hotspot often spend your data plan suddenly. But still, there are ways to limit your android mobile hotspot users you know. Curious? let's see more. Hotspots can also be called internet signals that are shared by one device to another device. You can turn on a hotspot on your cellphone and share it to use with your data plan. This hotspot can be used on a PC or mobile device. Hotspot is also known as tethering on cellphone. On the latest models of mobile phones, this hotspot feature is definitely there because this is a pretty important feature on the cell phone. Maybe on old or old-fashioned cellphones, this feature isn't there. So therefore, this time I will share how to limit cellphone hotspot users that you can do to save your data plan. Because if too many users use, the more data quota is used. How to Restrict HP Hotspot Users There are 2 ways to limit wifi or hotspot users on a cell phone, that is ...
Post a Comment
Read more

5 Bad Habits That Disrupt Your Finances

No matter how much income you get every month, it's useless if you have bad habits in managing finances. Instead of becoming more prosperous, it actually makes financial conditions worse. Bad habits do not only affect the present, but also in the future. In fact, the severity of the lifestyle will be difficult to change, which will ultimately make your net income amount to no effect. Imagine if you already live in a household and have responsibilities to your spouse and children, but still have bad habits in conducting financial management? If it is not stopped, bad habits will harm all family members. In fact, the worst thing is that you will be trapped in an endless debt bondage. Dig a manhole cover, spend money on unnecessary and undisciplined savings. Well, following the bad habits of financial management that must be avoided. 1. Excessive Shopping Believe it or not, the urge to shop is much influenced by emotions, especially for women. For example, you go to the mall...
Post a Comment
Read more

FREE MASTERCARD from EPAYMENTS

How to get a debit card master through epayment is very easy. The thing is I just registered a few days ago at E-PAYMENTS and has been approved by the epayment and I'm just waiting for the debit card to come home. HOW THE LIST IS AS FOLLOWS: 1. Change the one-column display setting (mobile view) to inactive 2. Please Register HERE 3. Please Fill in the registration form above according to your ID card, please fill in the form above in accordance with the data in accordance with your data. Remember, you must be valid, in order for your registration to be accepted 4. If it is complete Fill out the form. Klick NEXT STEP The one in the lower right corner. Then my friend will get a confirmation code 5. Open the Email that was registered at Epayment to see the confirmation code 6. Enter the confirmation code and click "CONFIRM" 7. Wait for your master card request at "APPROV" or approved by the "EPAYMENT" 8. If it has been approved....
Post a Comment
Read more