Power of profit - Deepstash

Power of profit

“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”

 - Jack Welch

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The First Reason Why Small Businesses Fail

The data on the survival rate of businesses showed that 22% of small businesses fail within the first year, 32% for the first two years, and 40% for the first three years of business.

But why?

The lack of funding or capital is usually the main reason why small businesses fail because the operating expenses are costly from payroll to supplies to rent and more.

Moreover, many don't understand how to price products to create profit, and more often than not is that they don't pay attention to their cash flows.

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This article allows us to understand why businesses dry up so easily and how we'll be able to get back on the path to success. It is important to keep optimistic so think about it this way: A business down turning is not the end, instead, it is a learning opportunity to start new and rebuild.

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The best way to find answers to life decisions is to understand the framework that guides the answers.

With the framework in mind, anyone can answer their own questions more insightful than an outsider can.

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5 Simple Networking For Success Tips

1. Pay attention to body language

Don't rush to join people having an eye locking conversation, there's no welcoming sign for you to join. While people in a loose circle is a welcoming sign to join. Pay attention to your own body language, look & act approachable.

2. Lateral Networking

it's the who,where,why,when, that keep conversations going. Hang on to common interests and make yoirself memorable

3. Network isn't sales

Learn & help each other without wanting something in return

4. Get out there

volunteer, give back to people

5.Follw up on them

-after the chat follow up on them be connected

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