Why Most Entrepreneurs Fail Even If They Have entrance to Large Loans, 24/7 Power contribute - In Africa

Economies Of Scale - Why Most Entrepreneurs Fail Even If They Have entrance to Large Loans, 24/7 Power contribute - In Africa

Hello everybody. Yesterday, I learned all about Economies Of Scale - Why Most Entrepreneurs Fail Even If They Have entrance to Large Loans, 24/7 Power contribute - In Africa. Which may be very helpful if you ask me and also you. Why Most Entrepreneurs Fail Even If They Have entrance to Large Loans, 24/7 Power contribute - In Africa

In Nigeria and Africa generally, practically everybody loves to tow the same line as the next person, and suffer from the same bug. This is known as the 'herd mentality' syndrome. These days, I see this syndrome blowing like a hurricane against the Small and Medium Enterprises sectors of the economy.

What I said. It is not in conclusion that the real about Economies Of Scale. You check out this article for facts about what you need to know is Economies Of Scale.

Economies Of Scale

Now, there is a normal reliance that once an entrepreneur has accessibility to loans, machineries, enterprise networks, 24/7 electricity, good roads, simpler taxation, then the enterprise owner will start smiling to the banks, and Nigeria will reach the economic promised land!

Hello friend, did you believe this popular fallacy? I don't blame you if you'd fallen flat for it. After all every business/economic expert, supervision guru seems to be throwing this warped idea about like a headless chicken.

Even Ngos, Government agencies, Banks are preaching similar sermons practically on daily basis.

They're over-emphasizing and repeatedly harping on the definite problems that epileptic power supply, multiple taxation, omo onile brouhaha, loan inaccessibility are posing against enterprise operations.

But it is time the real truth be told so that we can save the Small and Medium Enterprises sectors, nay the African cheaper from its traditional foundation problems.

Large Loans, Good Roads, Zero Taxation Cannot Solve The Entrepreneurial Problems

You see, even if you give billion to every entrepreneur plus zero taxation, cheap 24/7 electricity etc, most will still fail and park up like the Mungo Park typewriter.

In fact, at least 30% - 55% will whether wither out or will remain continually small after 5 years! And at least, 24% will die off like flower in hot sun in less than 6 years. This statistics is presently playing out in most developed countries of Us, Uk where Smes don't grapple with those structural problems.

In about 10 years of helping enterprise owners to heighten their sales and profits, (remember I'm not a theorist and don't belong to follow-follow school of thought), I discovered they're experiencing 5 major problems.

These problems are: Low sales, Under-performances, Poor conversion of promotional campaigns, Sagging or slumping sales and Choking competition.

If you are a enterprise owner, I'm sure at least one of the above describes you. But please hold on, that is not all. Now it should also interest you that, I discovered there is a known 'devil' that breeds those 5 major problems in your business.

It is that most enterprise owners lack deep Strategic comprehension of Their Customers!

Yes, lacking deep knowledge of your customers such as their present yearnings, utmost wants, immediate needs, favorite notions, hatred, love, short/medium/long term expectations among others, remain the greatest problems plaguing enterprise owners in Nigeria.

It's The Grandfather Of Other Problems. Seeing elsewhere for solutions is like chasing shadows. Yes, I agree that power furnish is vital, just as good roads, carport policy, loan accessibility etc. Are vitally important and will help our Small and Medium Enterprises sectors in great ways.

Nevertheless, their full availability does not warrant success, and cannot open road to long term profitable business. They are like lubricants to the motor and not the motor itself.

You see, it is hazardous to assume that you can run a great enterprise the same way it was done, say, 10, 15, 25 years ago.

Dear enterprise owner, please listen. If you lack vital knowledge and comprehension of the psychological underpinnings of customers strategies - unique strategies that will help you heighten sales, shore up profits and grow stratospherically (whether in good or bad weather), you will right on swim in murky waters even if the President hand over the entire 2008 budget to you alone!

Strategic Customers growth Pattern Is Your Best Weapon

Nothing else can help you control enterprise and turn it into a big prosperous enterprise inheritance other than employing what I called strategic customer growth pattern.

What does strategic customer growth pattern means to you? It means that every promotional campaign, marketing, advertising, follow-up methods, goods packaging, enterprise location will be created and performed with your customers in mind.

Employing strategic customer growth pattern means that every staff training now and in the future, will revolve round your customers and nothing else. It means you believe your customers are more important than your bankers, loans, cars, machineries, buildings, workers, and your father's burial.

Strategic customer growth pattern means you learn to build and hold a large and loyal customers' base that will stand by you while thin and thick. And this also means the present and hereafter growth, profitability and survival of your enterprise can only be achieved with a loyal customers' base that fiercely trust you like a dog trust its owner.

Again, strategic customer growth pattern means you will have a loyal customers not only raving about your products/services, but every product/service will be created, improved, updated in order to specifically meet your customers' approval and not what your spouse or advisor told you.

It also means that you will have a discreet strategy that lets you secretly decide what goods or assistance your customers want, how they want it, the pricing structure, dissimilar categories and preferences and then, deliver to their full acceptance and expectations.

Strategic customer growth pattern means...you wants to start applying qualified strategies your competition are not aware of and enable you take over your market.

Once you start having peculiar comprehension of customers, you will no longer complain about the Chinese fake products, and you will stop worrying about the half-hearted competitors cutting prices by half.

I hope you receive new knowledge about Economies Of Scale. Where you can put to used in your day-to-day life. And most of all, your reaction is passed about Economies Of Scale.