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- 11-18-2020, 08:09 AM #16Junior Member
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Re: why is my business not profitable?
Hello, I want you to pay attention on this site https://wow24-7.io/blog/what-is-sla-...le-in-business . It could be the great help, if you want to pay less for some points. I mean it's important to test the market and validate your idea to make sure it's something enough people will buy. You're attracting the right customers, when you use different strategies. Use one of the best outsourcing services, I tried it and I like it.
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- 11-23-2020, 06:52 AM #17
Re: why is my business not profitable?
I think that there are any business that can be not profitable. People can make money on everything and I am currently using the way to check out this site which is a pretty good opportunity to play casino and also to earn money as well.
- 11-30-2020, 11:25 AM #18
Re: why is my business not profitable?
The most important thing is to improve employee performance. Many of them spend their working time on social networks, playing games, etc. The program for monitoring work time at the computer can be used to improve performance, increase efficiency, and quickly move towards the set goals. Online employee monitoring WorkTime allows you to assess how effectively employees use their working time, what programs and websites they browse.
- 11-30-2020, 04:57 PM #19Member
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- 80
Re: why is my business not profitable?
It’s hard to say why your business is not profitable as many factors can influence this. In my opinion, you should purchase high-quality software and develop a good website.
- 12-06-2020, 05:32 AM #20
Re: why is my business not profitable?
It’s not all about the money, really.
Entrepreneurs are driven by ideas they believe in so strongly that they often give up steady jobs, hours of sleep, and any sense of security. And yet, most of us are striving for some financial reward (or at least stability), inspired by billionaire heroes like Richard Branson, Mark Cuban, or Oprah Winfrey.
But what happens when instead of making it rain you’re barely making it by? What happens when every day is a struggle to make sales and the thought of looking at your financial reports makes you want to cringe?
A common complaint from entrepreneurs is that they don’t feel like their businesses are making enough money. In fact, it seems no one ever feels like they’re making enough money, even if, statistically, they are making a lot. This happened in my own life when I overshot my goal and quadrupled my business revenue, yet still felt like I was floundering.
What’s at the root of this? It could be many different things. Take a close look at the following five common sources of your entrepreneur’s financial problems, and then let’s get started on fixing them.
Reason #1: Your Pricing Strategy is Wrong
Solution: Reverse engineer your prices.
Reason #2: Your Product Isn’t Viable
Solution: Pivot (maybe).
Reason #3: Your Business Isn’t Attracting the Right Kind of Customers/Clients
Solution: Define your ideal customer.
Reason #4: You Have No Idea How Much You’re Making Because You Aren’t Tracking
Solution: Update your cash flow statement and income statement every Monday.
Reason #5: Your Relationship With Money is Flawed
Solution: Reframe the way you think about money.
- 12-06-2020, 05:34 AM #21Phone Maniac
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Re: why is my business not profitable?
Probably you already know that the survival of your small business will be highly related to the profitability rates. When profitability decrease, many problems come for each company. One crucial question that many entrepreneurs ask is why their businesses are not as profitable as they want to be.
When it comes to startups and new businesses, many of them have problems in achieving positive profitability. This is normal for startups. In many cases, some examples show the company’s start to be profitable with high profitability growth. Then suddenly, something starts eating their money without realizing that it is happening. The fact is that many small companies fail in their first year, and the most significant reason is that they don’t succeed in generating a sufficient profit.
The losses are the worst thing that can happen. More worrying is that losing money can start really slowly even without your notice that you begin to lose money. But, this can be fatal for your business.
So, it would be best if you found out why your small business is not profitable quickly. When you find the answer to this question, you can act faster to stop your company’s failure.
- 12-10-2020, 03:33 PM #22Phone Addict
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- 349 - liked 2 times
Re: why is my business not profitable?
There are a huge number of reasons why your business may not bring you income, but only losses, but most often the whole problem is that the cash flow is set up incorrectly, which leads to huge financial losses, and in the future to the failure of this business. I would advise you to pay attention to these cash flow templates https://finmodelslab.com/templates/cash-flow/
With them you will be able to understand all the mistakes that you made in the cash flow. After fixing them, your business should definitely start making you profit!
- 12-21-2020, 06:46 AM #23Sr. Member
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- 165 - liked 5 times
Re: why is my business not profitable?
I don't know the main reason but at least I can recommend you this useful custom link maker because it can help you with everything quite fast. As I have understood, it may easily help you to attract new clients so I hope that you will like the result after using that resource right there. Good luck.
- 12-23-2020, 05:42 AM #24
Re: why is my business not profitable?
It is not very correct to ask such a question on the forum, because no one knows about your management and the main problems in business. In theory, you have two options, the first of which is problem solving and business restructuring, which in the long run may give you a profit, or simply selling a business. This will definitely help you save capital and give you the opportunity to start a new business from scratch.
- 01-08-2021, 05:56 AM #25
- 01-08-2021, 07:30 AM #26
Re: why is my business not profitable?
Many electronic online opportunities are available only with an electronic digital signature. Therefore, it is necessary today. I personally use eSign Genie. By legal force, documents signed with such a signature are the same as documents signed by hand in writing.
- 01-11-2021, 08:00 AM #27Junior Member
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- California
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- 01-31-2021, 12:30 PM #28
Re: why is my business not profitable?
If you want to make your business better and profitable, it is better to use special service like wow 24-7 website which is helping to operate with different companies and advertises business. This personal assistant is helping to operate with different questions and also answers all the questions concerning the business. I think that it is really important today.
- 02-24-2021, 08:43 AM #29Junior Member
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- 12
Re: why is my business not profitable?
Because business needs first a lot of investment into ads and other needs.
- 02-25-2021, 05:18 AM #30Junior Member
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Re: why is my business not profitable?
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