We already know that entrepreneurship isn’t easy. But, where we need to focus our attention if we want to build and maintain successful small business.
Slow sales and unpredictable business conditions are most challenging struggles of today’s entrepreneurs.
An interesting thing in this infographic is rising of the struggle when customers not making payments or paying late.
It is important and challenging for today’s entrepreneurs to have great customer retention program if they want to sell more to existing customers, even it is easier than to find brand-new customers.
Another important thing is time in which business responds to potential leads. Quicker respond time means better conversion rate of leads into customers.
What you can do to escape or in the last case to reduce the effect on these struggles on your entrepreneurial life?
- Build strong sales systems in your business. If you do not want to struggle from slaw sales, you will need strong sales system that will support different customers retention programs while acquiring more new customers. The system that will enable you to sell more to your current customers and attract more new customers.
- Plan the future of your business if you want to decrease the level of unpredictability around your company. You can’t escape from unpredictability, but you can reduce the effects of unpredictability on your business.
- Use different systems to motivate quick or timely paying. You need to motivate your customers to pay you as quick as possible.
There are too many things that you as an entrepreneur can make to escape such struggles. What you will make, depend on you and your ability for creative problem solving. Problems will always be there. But, the solutions are your own responsibility.
If you want more tips to build great entrepreneurial career, read following articles: