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Hi “Wi dweet like dat” @ CARIBE CHIC FASHION
Hi
“Wi dweet like dat” @ CARIBE CHIC FASHION
A Caribbean link to International trendy styles and more
Consider this a done deal. The ability to access all the latest fashion, at low cost and at your convenience
BUSINESS OPPORTUNITIES
If you are interested in starting a home base business;
Are you looking for new ideas to improve sale or combat the challenges of today’s economy.
Have a need to start on a small scale but lack merchandized.
Caribe Chic Fashion is here to serve you
Please contact us @Caribechicfashion@gmail.com
Problem affecting small businesses
In this challenging economy businesses are downsizing as well as closing, because of the high overhead expenditure rate for goods and services, as oppose to lower profitable returns. According to statistic 30 million small businesses in the United States of which 4.3 million have closed in 2007-2008. Today’s recession has created a complex and disruptive problems among small business owners. The increase pressure cause more entrepreneurial businesses to stifle. During these tough times many businesses are in default due to old traditional practices. The original business model sometimes played out over a period of time, instead of focusing on establishing new ideas.
Some of the causes that affect the progress of small business are:
1)Poor sales were the top problem among small businesses. This study was based on 2009 survey done by the National Federation of Independent Business. The recession has developed a saving and fear syndrome. This protective mindset created severe shortage of customers. This harsh period disabled the businesses potential to thrive in levels of sales revenue
2)Increase business cost was the second problem that prevented the growth of small businesses. The overhead cost acquired by small businesses such as, healthcare insurance, federal/state/local taxes, government compliance requirements, worker’s insurance, finances and interest charges, cost of labor, inflation on utilities, supplies and inventories.
3)Marketing for many years with same strategies
4)Offering permanent discounts
5)Used old business model instead of using new ideas
6)Location of business
The used of good customer service techniques would maintain current clients. Advertise at minimal cost such as, word of mouth, flyers, offered package deals during holidays and special occasions. Keep abreast of new trends and ideas.
Researchers’ Proposed Solution
As stated by researchers that some business have created or offer less expensive versions of their own products instead of lowering the prices of existing products. Also, the reason why small businesses cannot make a profit is that low end product looks different through the lens of their established business model. Therefore to improve sales and produce better product representation at a lower cost, business owners should find ways to create new business models, new cost structures, new ways of operating their business so that owners can make money.
Some survival tips for small business owners
1) Do not change what the customers love
2) Market differently,
3) Create a new product instead of just offering permanent discount
4) Successful business owners seize on the good opportunities and make their marketing plans stronger than ever.
5) When sales go down, many small business owners cut their marketing budget, because there are less people marketing, therefore more attention is placed on marketing activities.
6) When other businesses are pulling their advertising, ad rates go down dramatically! Now is the perfect time to advertise.
“Wi dweet like dat” @ CARIBE CHIC FASHION
A Caribbean link to International trendy styles and more
Consider this a done deal. The ability to access all the latest fashion, at low cost and at your convenience
BUSINESS OPPORTUNITIES
If you are interested in starting a home base business;
Are you looking for new ideas to improve sale or combat the challenges of today’s economy.
Have a need to start on a small scale but lack merchandized.
Caribe Chic Fashion is here to serve you
Please contact us @Caribechicfashion@gmail.com
Problem affecting small businesses
In this challenging economy businesses are downsizing as well as closing, because of the high overhead expenditure rate for goods and services, as oppose to lower profitable returns. According to statistic 30 million small businesses in the United States of which 4.3 million have closed in 2007-2008. Today’s recession has created a complex and disruptive problems among small business owners. The increase pressure cause more entrepreneurial businesses to stifle. During these tough times many businesses are in default due to old traditional practices. The original business model sometimes played out over a period of time, instead of focusing on establishing new ideas.
Some of the causes that affect the progress of small business are:
1)Poor sales were the top problem among small businesses. This study was based on 2009 survey done by the National Federation of Independent Business. The recession has developed a saving and fear syndrome. This protective mindset created severe shortage of customers. This harsh period disabled the businesses potential to thrive in levels of sales revenue
2)Increase business cost was the second problem that prevented the growth of small businesses. The overhead cost acquired by small businesses such as, healthcare insurance, federal/state/local taxes, government compliance requirements, worker’s insurance, finances and interest charges, cost of labor, inflation on utilities, supplies and inventories.
3)Marketing for many years with same strategies
4)Offering permanent discounts
5)Used old business model instead of using new ideas
6)Location of business
The used of good customer service techniques would maintain current clients. Advertise at minimal cost such as, word of mouth, flyers, offered package deals during holidays and special occasions. Keep abreast of new trends and ideas.
Researchers’ Proposed Solution
As stated by researchers that some business have created or offer less expensive versions of their own products instead of lowering the prices of existing products. Also, the reason why small businesses cannot make a profit is that low end product looks different through the lens of their established business model. Therefore to improve sales and produce better product representation at a lower cost, business owners should find ways to create new business models, new cost structures, new ways of operating their business so that owners can make money.
Some survival tips for small business owners
1) Do not change what the customers love
2) Market differently,
3) Create a new product instead of just offering permanent discount
4) Successful business owners seize on the good opportunities and make their marketing plans stronger than ever.
5) When sales go down, many small business owners cut their marketing budget, because there are less people marketing, therefore more attention is placed on marketing activities.
6) When other businesses are pulling their advertising, ad rates go down dramatically! Now is the perfect time to advertise.
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