How to find mistakes of a business?

CAUSES OF UNSUCCESSFUL BUSINESS

Every investor or businessman fail when they don't know about the hidden blunders of business. Business always run with the full attention of updates and innovations. When a person makes deal with another party then they provide fulfill the requirements of dealer or third party Same like when you want to get a name in market or revolution you should make sure all points that actually happened at the end of your competitor. Some points are following that small businessman actually doing and they fail after 3 to 4 years.

1) Data collection
when A business starts with the full public data what actually customer mind? and what they want to buy? what are the problems of customers? What is the culture and non-traditional trends competition? What are the likes and dislikes of customers? How much money they can purchase easily? Is the relationship with culture or not?



2)Market ResearchThere is market research how they to pick up the needs and wants of the customer? When you visit the market you will focus on a different type of markets such as rich medium and poor family people and the big point is that segmentation selection, What type of market you are targeting? Everything depends on your research.



3) Data AnalysisAfter collections and research of market data, you should to select the market and provide a product according to it. Data analysis tells you how to select customer types and how to makes sure about own company products. For example in 1975 When BMW comes into the market they target youngsters because they want new featured & new design of the car. BMW provide the product according to customer specifications and they earn huge profit and makes goodwill in the market.



4) Time Growth

Small businessman provide product to the customer and they don't know about new arrivals and tough competition, But some business still in the normal working condition they may go to failure side because time growth is a concept to start new innovations in products and start a new business, means to invest in other business and earn huge profit after some time. For example, if you have a franchise of Mcdonalds and business slow or competitor around you. You should to take the money and invest in another.



5) Graphics analyzation system
To make sure you are a good businessman and your goals attach with the diversification and profitability. When you look inside of a business as graphics situation, Automatically you will see the difference between the actual market and your business. Now the changing allow in the business to make a name in the market.

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