There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.
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This is a very valid point "motivate employees with great benefits" since they are the ones that keep the company moving. Each employee who performs functions within a company deserves the recognition of his immediate boss and temporary rewardsThe owner needs to watch the outflow and inflow of money within the organization and make sure that they are not overspending as regards the expenses, do make sure to also provide effective customer services, motivate the employees with great benefits and always make research as regards new available products.
You're absolutely right it is the more reason why many companies try to to employ very few people that are active and can easily make the company to be more productive in a very short time so it is better for a wheel company or a business to employ a few beneficial lots of people without output.Business should avoid getting into a bad debt. Bad debts are the debts are not beneficial to the business on the long run. Incompetence also among the workforce is something else to be avoided because the workforce determines the output of businesses
Yeah, Debt makes it difficult for a business owner to achieve the goal he or she has got in mind. Debt makes you to lose focus, by always thinking of how to repay.A business owner should avoid running into debt and if he runs into debt, he should not allow the debt swallow the business, he should avoid disagreement or fight with his/her customers.
The things a business owner should avoid is bad debt and bad reputations, running into debt will ruin the images of the company.Thanks to you guys comments , i can see from your opinions that one need to be financially disciplined and try as much as possible to limit the loan taken to grow business.
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