LEARN ABOUT YOGHURT BUSINESS

LEARN ABOUT YOGHURT BUSINESS

20 WAYS TO KILL YOUR BUSINESS

1.)Lack of Experience by the owner
Symptoms: Always doing trial & error

.2.) Poor Location
Symptoms: Low sales during peak hours & peak season

3.)Wrong or to much inventory or poor inventory management
Symptoms: much inventory on slow moving & obsolete products. Purchase Returns or Bad Orders are increasing.

4.)Permanent Equipment Problems
Symptoms: Delayed production & Deliveries or Repair & maintenance expenses increasing

5.)Poor Credit Practices
Symptoms: Too much long overdue accounts, usually beyond 120 days.

. 6.)Increasing Personal Expenses
Symptoms: Unliquidated Cash Advances

7.)Premature Expansion of the Business
Symptoms: Pay Back Period is too long & Return of Investment is very low.

8.)Bad Attitude of the owner or employees
Symptom: Always heard a complaint

9.)Letting costs get out of control
Symptoms: Keeping Savings account that pays 2%while paying credit card charges & interest 3.5 to 5%

10.) Low Sales
Symptoms: Inventory is high

11.)PROSCATINATION OR LIVING IN THE MOMENT
Symptom: Failing to establish monthly financial Statement

. 12.)Competition
Symptoms: Loyal customers don’t buy anymore or No. of Customers are decreasing.

13.)Crime (Internal or External
Symptoms: Inventory always doesn’t match with theoretical vs. physical

14.)
Underestimating the importance of Cash flow Management
Symptoms: Can’t meet the day to day expenses
Remember: Cash is king

15.)Sloppy Record Keeping
Symptoms: No available data on sales, inventory, purchases, A/R & A/P & other biznes transactions at the end of the day

16)Disregarding Employees Concerns
Symptoms: Turn over is high

17.)Failing to Delegate
Symptoms: Do it all attitude, “ako nalang dali pa” or Cant leave the biznes more than a month.

18.)Offering something the customer doesn’t want
Symptoms: Customers are inquisitive about what’s new

19.)NOT OBSERVING GOVT. REGULATORY BODY OR DISREGARDING NOTICES FROM GOVT. AGENCY CONCERN
Symptoms: Too many notices & audit by Govt. agency concerned

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