Small Business Plans! How To Solve The Biggest Problems

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Small business Plans! According to a survey, 90% of the startup businesses get failed. There are many reasons behind it. In this article, I have tried to discuss those reasons along with the solutions. The 5 useful business tips which I shared in this Article are,

1: Start Business with the love for the work

2:  Make Value delivered plans

3: In Business Changing is the must

4: Management is the brain of the Small business

5: Marketing is the oxygen to stay alive your small business plans

Start Business with the love for the work

In starting I wrote, 90% of the startup businesses get failed. you really think which business you are going to start you have 90% chance of getting failed? yes..?

If yes, Hold on think again before starting the business.

If Not, yet think again, Because it’s true,(90% of the startup businesses get failed)

Now the question is, what you have to think…?

I am right..?

ok, the answer is here: You should think, Why you want to do business..?

There are two possible reasons:

1. In burden only for money

2. With love motivated

Your business fully depends on your answer,

If you are starting a business in any type of burden,e.g.for money only, you don’t get a job so only, or a friend told you,  In behind to start a business you have these type of reasons, then yes, you will be in the list of those  90% Failed peoples.

But, In the second case If you love your work you get motivation after completion of your work, Then there is no reason for getting failed, you will be sure in those 10% people list who get successes.

So, If you want successes in your business then do only what you love, not just for doing in a hope,

“Don’t worry about being successful but work toward being significant and the success will naturally follow.” – Oprah Winfrey Click To Tweet

Make Value delivered Small Business plans

Value delivered = Money earned,

It’s a very basic formula for successes of your business plans. if you start your business with a useless product means if your product is not delivering any special value why they will purchase your product.

This, think and think deep, before selecting the product for business, because 50% small business Plans get failed, only due to no value delivered to customers.

In Business Changing is the must (small business plans)

Business is not like that, you just start and forget about it, it will run smoothly. According to the time change is necessary, if you will not change with time in your business style you can understand this with the position of  ‘NOKIA’. and the second face of this coin you can understand with “FACEBOOK”. what was FB in it’s starting phase and now what it is.

Management is the brain of the Small business

In business, Managment is a very sensitive part or you can say it’s the brain of your business.

As we all know in business how we can get Maximum successes with Minimum resources it’s totally depends on the Management ability, also it is an ultimate goal for any business.

Marketing is the oxygen to stay alive your small business plans

if you will google the question ‘how much most companies spend on marketing average percentage’ than answer will be “ businesses on average should spend 10 percent of their gross sales for the year on marketing each new product or service, or 20 percent of the new service’s sales and revenue target”.

so you should do decide your business as per your yearly revenue and have to decide revenue for the marketing.  because you can make a product but can’t sell without getting those people who need it.

For marketing, you should choose target marketing only.

“What do you need to start a business? Three simple things: know your product better than anyone. Know your customer, and have a burning desire to succeed.” – Dave Thomas Click To Tweet

Hope this article will help you if you think yes please share and comment!

A Indian Blogger who enjoys writing and eating out. He is energetic and confident person. talks about some great ideas about earning online. Facebook | Twitter

This Post Has 18 Comments

  1. Natalie Allen

    That sucks that 90% of start-ups fail! Seems you have to work really hard to try and make it in the world of Start-Ups! Thanks for the advice.

    1. UKB

      Not only hard work but required smart work.

  2. Cristina Coroiu

    Interesting post. It does put things in perspective. I want to start to monetize my blog, and this post helps to ask myself a bit more questions before I take the step.

  3. Amber Myers

    These are such great ideas! I’d consider my blog to be a business, so I’ll keep these in mind for sure.

  4. Sarah Bailey

    I can’t imagine all the different issues that can come with starting your own business, this sounds like some great help to solve some of them.

  5. Joanna

    I believe that a business should be started out of passion but also with the mindset of making money. Love for what you do is not enough if you can’t make money out of it.

  6. CJ

    I agree that business that start up for the love of business is more likely to succeed. I read something about motivational paradox. Teams were more successful at completing a challenge when there was no reward for completing the task. So a business going in and expecting money is almost destined to fail

  7. I think people start businesses, thinking that it will be easy. However, that can’t be further from the truth, it’s hard work, and a lot of people just aren’t cut out for it.

  8. Joan Cajic

    These are really great tips, shows that there’s a lot more to when it come to start-ups.

  9. Livi

    These is such a great resource. I agree with the fact that marketing is a must!

  10. Andrea

    these are all such great points and a very interesting perspective. these are all great tips to apply into my brand.

  11. Ally

    I love this post. We recently just started our own small business and all of this is so helpful to know and learn. I will be saving this to read later.

  12. kim

    As a small business owner, these are such helpful tips! I will definitely give them a try.

  13. Blair villanueva

    This is very interesting post, and helpful to monetize our blogs and other hobbies. Saving this for my reference.

  14. lavandamichelle

    Wonderful tips! I like the one that says “Start a business with the love of work.” Its true, business is not ideal for a lazy person. I think if you want to succeed you have to be comfortable and like what you are doing. So the failures don’t put you down too much. Thanks for sharing! 🙂

  15. what corinne did

    Marketing is so important to get noticed! The beauty of social media nowadays is that you don’t necessarily need a massive budget! It’s bad that so many startup fail but if you have a strong idea of where you want to go then you’ll make it!

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