Social Media Marketing and Management | Grow Your Business Online

  • ABOUT
    • MACSWOMEN | Vision Mission Values
    • LETTER FROM OUR FOUNDER
    • TERMS
    • PRIVACY POLICY
  • SERVICES
  • SHOP
  • BLOG
  • Schedule a call
  • ABOUT
    • MACSWOMEN | Vision Mission Values
    • LETTER FROM OUR FOUNDER
    • TERMS
    • PRIVACY POLICY
  • SERVICES
  • SHOP
  • BLOG
  • Schedule a call

Top 3 Challenges in Business

9/16/2015

0 Comments

 
macswomen, business, success
This post was originally published on The Broshe Group blog.

Dealing with challenges in business is almost a rite of passage.Everyone juggles financially, loses key staff members, and experiences growing pains. The test of a business owner is not how much money you can make, but how you can dig out of these predicaments and emerge victorious. These 3 common areas of weakness can be the undoing of a business - or could give you the breakthrough you needed!

1. Money Problems. You need start up funds, and a good supply of reserves to pay various bills until your business gets off the ground. There are bills that need to be paid and debts written off. Most importantly, if you have employees, they need to be paid as promised. Businesses thrive on profits, so you need plenty of loyal, paying customers. Not just customers who spend time in your shop taking up time and space. As a business owner, you need to know how to convert these interested parties into direct sales.

2. Not Knowing When to Hire Out. You can't do everything on your own unless you clone yourself. And even then, there are certain specialties - like writing ad copy, legal advice, or accounting - that can cost you lots of money and time if you don't know what you're doing. When you decide to hire an employee, you want that person to be accountable even when left alone. Even if they don't know much about your business, they can learn about it. It's the work ethic that can't be taught. Hire right, and you'll save sales. Customers don't wait. They will move on if you don't have a good employee at the helm when you're not there. 

3. You Don't Have a Backup Plan. A temporary setback forces us to take drastic measures. We don't eat, don't sleep, and pretty much can't focus until the problem is resolved. Don't wait until you're in a crisis to assess the health of your business. By thinking this through and drawing up a plan, you'll learn a lot about your business - and maybe even pick up on some missed opportunities. Look at the big picture, and instead of finding potential problems, find ways that you can improve your product if it falters. 

No matter what happens, don't walk away from your business - in war, this would be considered going AWOL. Take the good and the bad, and stand up and fight for what you believe in. Once you walk away, you'll never be able to salvage the situation, and people will be gun shy about ever doing any business with you again!

About Melissa Evans

President and CEO of The Broshe Group, Melissa Evans, “The Guru of Implementation,” is a self-made millionaire and spoke at the 2012 MACsWomen Celebrate You Entrepreneurs Conference on the Millionaires panel. She will be available to answer questions and share knowledge personally with you! Her "Soul Purpose" is to design and implement ongoing strategies and tactics that help her clients to make more money while remaining true to themselves.

For more information on the summit visit www.MACsWomenSummit.com

SCHEDULE YOUR "PLAN FOR PROFIT" SESSION WITH MICHELLE

0 Comments



Leave a Reply.

    RESOURCES

    The Passive Income Planner
    The Power of Goals Bundle
    Instavip Strategy Session
    How to start a profitable virtual assistant business
    Grow your business online with webinars
    Done for you social media posts
    SocialMediaMarketingPack - Social Media Marketing and Management | Grow Your Business Online
    Get Clients From Twitter - A Framework for Success: The Ultimate Twitter Planner

    RSS Feed

    Best of BuyerZone Entrepreneurial Blogs & Sites of 2012 Recipient
    Follow Macswomen on Instagram
    Tweets by @MACsWomen

    Archives

    August 2019
    July 2019
    May 2019
    July 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    September 2013

SCHEDULE YOUR DISCOVERY SESSION WITH MICHELLE CHRISTIE!
Picture
Picture
Picture
Networking group for women in westchester new york
Copyright © 2018
About Us /  Privacy Policy / Return Policy  / Contact / Shop