You have to know the market price and our target customers

[mstakh.i.mom.i]

Make sure all payments are made via a secure and legal method. I hope you don't make this mistake.. Those are the 6 main reasons why businesses fail that I want to share with you today. So, what can we do to avoid these problems? There must be a cash reserve . This cash reserve is like a crisis fund, if something happens, we can use the money to cover it . You have to maintain your profit margin . Don't sell goods so cheap that you don't make a profit, but don't sell them so expensive that they don't sell.


You have to use marketing costs wisely . Don't waste money on ads that are gambling data china ineffective or don't suit your product. You have to know who your audience is and how to attract their interest. . You need to reduce unsold stock . Don't buy so many items that you can't sell them, you'll just end up losing money on them. You need to know demand and supply, and adjust according to the season or trend. . Don't evade taxes.


It's a pain to pay these taxes, but if you don't pay them, you'll end up in trouble with the IRB. It'll be even harder to settle later. It's better to pay taxes according to the law, and take advantage of the rebates or incentives available. . Don't steal company money. This is common sense, but many people are tempted to take company money for their own use. Remember, company money is not our money. If we take it, we have to replace it with sales or profits. Otherwise, our company will lose money and go bankrupt.