What advise would you tell your friend to keep the business from failing?

[Holluwaphemmy]

The first thing I'll tell My friend is to endeavor to have a working business plan. He should not drift from the initial plan . He should also know who his competitors are. He should try to keep his head high

 

[Robrown83]

For a business that is failing I will advice my friend to change his orientation with his customers maybe to use Bonanza to call them back and also gain new customers. Moreover, he should go on marketing both online and offline.

 

[Donolatunji]

Regular things that occur on a day to day activity.
Don't see your employee as a slave.
Don't procrastinate.
Elevation should be your main concern.
Anytime there's a profit,don't be too fast to spend it out..see it as a way to move the company forward.

 

[Kiwi]

For a business that is not doing good my advice is to hire a business consultant who is also good in marketing. The main advice I’d give to you is pull yourself up. Start moving again even though you are not sure of what direction to go in. Once you begin your journey look at the failure as an opportunity to learn from your choices to not fall into the same situation again.

 

[Bazikd]

You can advise your friend to read up books on business management/administration so as to gain more knowledge on how to run a business successfully or better still get a mentor to help him.

 

[Ifective]

In order to keep a business from failing, i will suggest that a business should be restructured with a business plan. Customers satisfaction should be a priority and the business should look for every means in order to satisfy customers to a great extent.
Also, business must make sure to improve their products at regular interval to match customers change in taste

 

[marky]

sn't doing acceptable my recommendation is to employ a business specialist who is additionally acceptable in showcasing. There are entrepreneurs who figure they can do everything like the promoting and even the selling (in the event that it is a store). At the point when I had a shop I did the auctioning yet clients were killed by my face, not a joke, they were frightened of me. I needed to enlist an agreeable individual to deal with the selling. Something else is the capital. Get more cash to spend for the advancement of the business whether in on the web or disconnected methods.

 

[Lagazine]

If my friend will listen to me, I will tell him to consider a strategy like rolling out a kind of questionnaire for people to tell him the weakness of the business. In short, Swot analysis will be of great help in the questionnaire.

 

[Shayo]

I'd advice him to manage his business finances well. He should account for every fund spent or received and shouldn't mix his business with his personal savings. Businesses strive on funds and if he doesn't manage it well, the business is likely to fail.

 

[Tollytee]

The advice I will give my friend to keep his or her business from falling is to be consistence and persistent... He should research more and try to know where the problem is ....and he should always look for a way to better

 

[Sucrelove]

I need all this advice because am yet to start up my own business

 

[LaylaG]

Any business that one is going to must ensure that he is not going into the business for the sake of other people that he has a lot of other companies that are competing with him and you should always try as much as possible to make sure that his goods and services is unique from others.

 

[Blue house]

Loans, credit cards and other forms of debt can be a double edged sword for a small business. Although most companies rely on some level of loans to get the capital they need to launch, the downside of loans comes when the time to repay the loans arrives. When a company spends most of its cash flow on repaying debt, rather than expanding the customer base or adding employees, it lacks the flexibility to keep up with the competition.

 

[Jimmie150]

In other to keep his or her business flourishing I will advise them to be very discipline and some times to also be very prudent in their spendings. They should always try to invest their profits it will help them grow faster.

 

[mubinadaddy]

Hire consultant that is good in that aspect is the best to go for if the business is failing backwards but if it's failing forward you still need a consultant in that aspect to come and educate you and your employee in other to get best results that you want so that your business will not struggle much.

 

[Diamond07]

The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing. To prevent a business from failing, we must keep track of spending, reducing costs and expenses

 

[Oluwasayofunmi]

Concerning the question what advice would you tell your friend in order to keep his business from falling is that, he or she should try to create new and exclusive products so that customers will by more, and to think of new marketing strategies

 

[Pauljonnes1000]

He should keep his spirit alive. He should be deligent, and time concious. He should be trustworthy. He should be hospitable to customers. He should advertise what he sell or do. He should make sure his goods are well packaged to attract hight paying customers. He should have a brand.

 

[SammyOlas]

Customer relationship management is very very important in business and that will prevent your business from crashing, I will also like to say being current and ability to know what is vogue and trending in your business is also very important thing that will prevent your business from falling

 

[Profuk57]

I think the first thing I will tell my friend is that he should first of all identify the the reason the business is failing, after that I will help him or her in planning a new strategy that will help in improving his or her failing business.