It is said that entrepreneurs has a strong attitude. They are said to be competitive, determined, and bold and that are the qualities needed to obtain success in the world of business. But the question is why it is that majority of startup small businesses are failing? According to some research, 8 out of 10 startup businesses are failing every year. This could be a big question for most people. But there are reasons why even having those personal qualities, a lot of entrepreneurs still fail in their startup business.
Lack of Information
We all know that information is a very important factor when it comes to business. Without having the right information needed for your business then you won’t go far. You will be stock on your current status or worst you will be left behind and fail.
Ineffective Marketing Plan
Marketing is the key factor for business branding; it is the main factor to get noticed in the public. Now, an ineffective marketing plan will get you to nowhere or give you nothing. It is necessary to have an effective marketing plan in order to reach your target audience, get potential customers, and generate sales. Fortunately, you can now hire some professional business consultants to do the marketing tasks for your business. Getting a consultant for small business is probably the best decision an entrepreneur make. If marketing is not included in your expertise then get someone to deal with that, and business consulting company is the solution.
Ignoring Online Marketing
The internet is now the main place where you can get a wide range of audience and potential customers. It is said that a large number of Internet users, about 80 percent of them are purchasing products or services online. This just proves that the internet is one great place to market your business. If you ignore online marketing then you are missing a big chance of success. If you get business consultation from a business consulting company, I’m pretty sure that they will introduce online marketing to you. I mean, for sure, you yourself spend some time searching the web for a certain product or service that you need. So, use online marketing and make your business visible in the World Wide Web. Who knows? You could be the next Mark Zuckerberg or Sergey Brin, “just saying”.
These are just some of the many reasons why a large number of startup businesses are failing every year. Now, if you don’t want to be included on the numbers of business failure then hiring a small business consultant is the best solution. You can get business plan consulting as well as new ideas and marketing strategies by getting their service.
So, if are in need of business consultation then Socratic SBC is here for you. For more information, here are our contact details.
Socratic SBC / Small Business Consulting
2 Wisconsin Circle Suite 700 Chevy Chase,
Office: (410) 344-7874
Fax: (202) 318-0689