Forums: Discussions for entrepreneurs and small business.

Hi,

William, nice post.

It is really helpful for those who are owners of small business.

thanks for shairng.

keep it up.

THANKS FOR THIS

I'LL MAKE SURE OF THESE TIPS.

Because of the limitations of expertise in smaller firms, expertise should be sought elsewhere. Marketing is the lifeblood of business and should therefore be accorded the important status it deserves

Great post, especially regarding reduced IT costs. The explosion in demand for application hosting services shows that small businesses are realizing that it simply isn't cost effective to attempt to purchase and maintain a business server in their office.

Thank you for enumerating all of them. Some company are still not updated with the latest marketing strategies that's why it's hard for them to stay in the business.

Great information... especially #1.  An effective marketing strategy is essential, so many companies start without a plan and end up wasting valuable time.

Hi! I am Steve Boulanger, new member here. I am with you that old methods for marketing business are now out dated. We should go for some new techniques like Geomarketing. It is new process to improve business marketing.

Loved reading it... thanks for sharing :)

I agree with the mistakes  made in small scale businesses.

one I would like to add is risk management most of small companies do not do risk management therefore they are prone to risk  and market fluctuations.

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HI William!

I am very inspired to you. It is important to identify your goals. I am agreeing with you. You have great point here. I made a search on the issue and found nearly all peoples will agree with your thread.