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8 Reasons Small Business Will Struggle in 2024
Ignoring Important Numbers: There are just a handful of numbers to track. Knowing and using the numbers that actually turn the dial create success with less stress.
Too Much Service, Not Enough New Business: Do you spend more time doing the work than finding new customers? It's like having a lemonade stand but forgetting to tell people it's there.
Inconsistent Leads: Leads are the lifeblood of the sales process. You need to have a lead funnel that works each and every time.
Trouble Closing Deals:Doesn't matter how many leads you get if you can't turn them into clients.Closing deals well means knowing exactly what you sell - and practice and skill
Not Seeing the Power of Small Improvements: The accumulation of gradual improvements creates huge increases in revenue and profit. Improvement compounds like interest does if you use it to your advantage.
Personal Drama Impacting Business: When personal problems bleed onto work, productivity and profit drop. Long term strategy and a daily plan to make sure you're ready for whatever comes your way.
Struggling to Find the Right Team: People are your biggest asset. The wrong people in the wrong position can spoil the entire basket of apples.
Problems with Getting Supplies: Unpredictable supply chain and delivery times wreck havoc with profit projections. Skillful planning can help.