Starting
your own business and running it successfully, be it a small business or a big
business, is a matter of great pride. But it is never easy. With the rapidly
evolving technology and changing times, businessmen have to face numerous
problems and challenges in their professional life. Business is a game full of
such problems and challenges. In this game one who is not prepared to face
these problems and challenges fails and as a result, his business shuts down.
The faster number of new businesses starts, the faster many businesses close at
the same rate. Therefore, it is very important to always be prepared to face
business problems and challenges and finding correct solutions. The following
problems are usually encountered by businessmen in general:
1. Finance Management: Finance is a very important aspect of the business.
Currently, many small and medium scale businesses face problems like Businesses
loans denial, insufficient finances, insufficient working capital, cash crunch,
credits, low profits, etc. Many businesses just stay on paper because of
financial issues.
2. Time Management: Accurate time management is essential in business. Not
being able to meet deadlines in business, not being able to work on time, etc.
problems are always encountered by businessmen. If these problems escalate, the
business will be adversely affected and frustrated.
3. Management: Proper business management is the most essential part of any
business. Businessmen generally face issues like vague attitudes in their
business management, disruptive workplace management, unsatisfactory
performance and mental stress, poor office culture, resource management,
problem-solving and risk management, lack of strategic leadership skills, etc.
4. Marketing: Marketing is an integral part of any business. A professional who
can't market his business properly will never be able to do business
successfully. Business without marketing is like a body without a soul. Many small
to medium businesses have inappropriate marketing practices, lack of knowledge
about marketing, lack of good web presence, lack of concrete marketing
strategies, ignorance about online and offline media, brand awareness, etc.
Numerous businesses are closed due to these problems are not being handled
properly.
5. Customer: A customer is an important person in any business. In the current
competitive business environment, businesses face problems like weak networks,
customer dependence, dissatisfied customers, customer loyalty, finding the
right customers, lead generation, etc. There are challenges and they will
continue to come.
6. Products / Services: Improper placement of your products, substandard
products, poor quality control, etc. The reasons are that consumers don’t buy
your products and then they turn to other products.
7. Manpower: The right and skilled manpower in the business plays an important
role in making the business successful. The challenges faced by the
professionals are inadequate manpower, unskilled employees, unsatisfactory
performance of the employees, identification of the right employees, regular
motivation of the employees, etc.
8. Sales: Sales are considered to be the most important factor in evaluating
the success of a business. Challenges in sales include customer retention,
expansion of new sales channels, pricing of products and offers, etc. are in
front of many SMEs.
9. Technology: With the changing times, technology is also being updated and it
is evolving rapidly, the world has come closer due to technology and become a
global village for trade. When technology is left unmanaged in such challenging
times, many businesses are left astray and lose the right path. In this regard,
small business professionals are face challenges like up-to-date management
tools and software, business automation, business technology development, staff
training, innovation, etc.
10. Disputes: Family problems can lead to many unwanted situations in business
life. Businesses often shut down for reasons like family differences and
quarrels, disagreements with a partner, etc.
11. Decision-making ability: As a business leader, a businessman must always be
decisive, but many new businessmen are confused, skeptical about their
decisions. The reason is that they are unable to make the right decisions, as a
result, they cannot make satisfactory progress in the business. Just as a small
hole can sink a ship, so one wrong decision can shut down an entire business.
I will give you the right solution to all the above problems. If you are
experiencing any of the above problems in business, ask me your business
questions to get the exact solution.
How to ask questions: You send your name, business information, location,
question/problem to the WhatsApp number given below. This is a paid service.
You will be given a scheduled time, we will communicate via Zoom Meeting after
paying this fee and receiving a payment receipt from you.
Time limit: Minimum 45 minutes
Fee: Rs. 1000 / -
Send your questions to the following WhatsApp number:
WhatsApp: +91 8652847378
Contact time: - Monday to Saturday 10 am to 6.00 pm.
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Contact us for more information.
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© Dr. Prakash Bhosale
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