Welcome To SLEM Technologies

Ask A Question
Business Failure

User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active
 

If sales are declining, you’ve got fewer customers coming in your door, or you’re having trouble paying your vendors, it’s time to figure out what’s broken in your business and make a serious commitment toward fixing it.

While every business is different, there are some typical reasons for small business failure. See if any of these resonate with you, then check out the “What to Do About It” section to turn things around.

At SLEM Technologies we take pride in your success. 

1.    You Don’t Know How to Market Your Business

Not every business owner is born knowing how to get the word out about their business, and that’s fine. But when a business owner’s shortcomings put their business in jeopardy, that’s when somebody must take responsibility and take action.

If you think marketing is too hard to figure out yourself, or you assume it costs more than you’ve got to hire someone, you’re essentially shutting down the possibility of finding new customers. Yes, marketing is an investment in time, money, or both, but an essential one.

 

 

 

What to Do About It: Start marketing. If you lack money, then invest an hour or two a week to read a few marketing books, blogs, or articles and teach yourself how to use social media, blogging, and PR to draw more people to your website and/or your store. If you’ve got a little money to use in growing your business, get a quote from SLEM Technologies to get you started

2.    Your Prices are Too Low

If you’ve got more work than you can handle but are still having trouble making ends meet, it’s time to assess your pricing.  Pricing products tends to be a bit easier than pricing services, because you know what it cost you to buy or make those products, so price can be determined easily based on desired profit margin. But even with business services, you’ve got to factor in things like overhead (Internet service, heating/cooling), salary, and office expenses. Your profit shouldn’t be so scant you have difficulty paying your own bills.

 

What to Do About It: Don’t double your prices overnight. Instead, raise prices for new clients only and see what the market will bear. If you’re getting pushback, you might have raised them too much. If you’re closing sales too easily, you might have room to raise those rates even more. or you can let  SLEM Technologies help you on that

3.    You Don’t Really Know Your Customers

You know who you think they are, but unless you’re really clued in to your demographic, know what makes them tick, and understand their problems, you’ll do a terrible job of trying to present an appropriate solution.

What to Do About It: A little market research can go a long way. Talk to actual customers. Use surveys. Ask questions on social media. Build out buyer personas that will turn numbers into humans, and solve the riddle of how to connect with each type of customer you’ve got. or get  SLEM Technologies to help you do that

4.    You Think SEO and Social Media Don’t Apply to You

Regardless of whether you’re a global accounting firm or the bakery down the street, you should engage in an SEO campaign to help you get more customers. After all, it’s the keywords you use on your website that help the right people find you, and the links you’ve got online that help solidify your brand reputation. For entrepreneurs, SEO is uniquely important, there is no two ways about it. your are 99.9 percent going to fail if this service is not in your business 

Social media is becoming more intertwined with SEO, but has also established an extremely strong niche of its own in the online marketing sphere. If you don’t think social media can yield positive ROI for your business, see this article, “Myth Busted: My Industry Isn’t A Good Fit For Social Media.”

What to Do About It:  hire SLEM Technologies to help you with SEO tactics that work and stay on top of Google’s latest algorithm updates to make sure you don’t get shot down those results.

5.    You’ve Got the Answer for Everything

There’s a bit of ego that comes with running a business. After all, if you were smart enough to figure out how to launch this company in the first place, surely you’re smart enough to figure out how to design a logo. Or manage your finances. Or tell everyone else what to do. Unfortunately, the more micromanaging you’re doing, the more harm you’re probably doing. Entrepreneurs know the things they excel at, and outsource the things they don’t. The most successful entrepreneurs do only the things that only they can do. Anything else can almost always be outsourced more efficiently.

What to Do About It: Get out of your own way. Think about those tasks that take you far too long to do, or result in shoddy work (that logo that took you 18 hours to design still doesn’t look as good as what a professional could have done in an hour), and outsource it. If you’ve got staff, trust them to do what you hired them to do. If they aren’t doing it correctly, fire and re-hire. Focus on what you do best: running your company.

6.    You Can’t Handle Growth

You started small and didn’t expect to burgeon overnight. Just ask any business that’s ever been the recipient of the “Oprah Effect” or even the “Groupon Effect” and then had a flood of sales the next day: rapid growth isn’t always a blessing. If you’re not prepared for the strain your servers will experience, the number of sales to process, or the flood of customer service calls, you risk seriously harming your brand’s reputation.

 

 

 

What to Do About It: Overall, rapid scaling should be a good thing, but you need a plan to quickly hire more staff and train them, as well as how you’ll manage more website traffic, phone calls, and customer service requests. For a great read on scaling up properly, see “Eleven Lessons For Scaling Up.”

7.    You Don’t Have Business Savvy

While it’s not imperative that you have an MBA to start a business (or even a college degree), a solid understanding of finances, management, marketing, leadership, and sales will take you far. If you’ve mixed your personal and business finances, have trouble managing staff, or are just throwing your hands up at running your business in general, your risk of failure is multiplying by the minute.

 

What to Do About It: Consider whether you truly want to be an entrepreneur. Many business owners start a business because they want to “do what they love.” That’s respectable, but without a CEO that knows how to run a successful business, any business is doomed. And to be honest, many business owners get far away from the actual thing they love doing once the business takes flight; focus shifts from fulfillment work, and toward running the business. If you’re committed to sticking it out, invest time in classes, workshops, and resources to beef up the skills you’re weak in.

Take these as warning signs that things need to change for your business. Then start making changes that will positively change the direction your ship is sailing. Want your business to come on-top and make it the dream business get SLEM Technologies to help you do that

Lets Help You Create That New Website Or Give Your Website A New Look. 

Get Found on Search Engine like Google, Bing Etc. Or You Want Professionals To Handle Your Digital Marketing?

Call Us Today on +2349022478997 Or Email [email protected]

 SLEM Technologies | Best web designer in Nigeria

web design,website design,webdesign,web developer,ecommerce website,web design company,web development company,web agency,best website design,design a website,website design company,website developers,ecommerce website design,how to design a website,web design agency,website developer,web design services,website development company,freelance web designer,ecommerce website development,website company,web development services,web creator,designer websites,website design cost,e commerce website,web design and development,new website design,ecommerce web design,professional website design,website builder,good website design,create a website,designer web,website design services,web design websites,site design,web development agency,web design portfolio,web company,affordable web design,professional website,website redesign,small business website design,website design agency,website services,webdesigners,custom website design,cool website designs,affordable website design,custom web design,website design pricing,custom website,professional web design,top website designs,design company,website design and development,website development services,creative web design,business website design,ecommerce web development,small business web design,best web design company,web design online,web design prices,website design packages,web page development,freelance website designer,good web design,web design firm,web design sites,top web design companies,corporate website design,web design and development company,great website design,well designed websites,simple web design,ecommerce website design company,homepage design,web design cost,online website design,website building companies,web design business,how to make a website,webdesigning,mobile website design,ecommerce web development company,web development websites,custom web development,website designers near me,simple website design,web design development,web solutions,custom website development,top web development companies,website design and development company,website solutions,graphic design websites,professional web design company,web design quotes,web development firm,web developer website,best website design company,easy web design,best web development company,website development costs,mobile web design,web design layout,website consultant,graphic and web design,ecommerce web design company,website development agency,local web designers,amazing website designs,website design & development,top web design,webdesigns,web design packages,great web design,small business website,easy website design,best web page design,css web design,programming websites,corporate web design,web design studio,web design company names,ecommerce design,custom web design company,restaurant website design,web graphic design,custom website design company,best website designers for small business,professional web development,create new website,affordable web design services,site web designer,web design awards,web design news,website design firm,best web design websites,website homepage design,internet design,portfolio website design,web agent,portfolio web designer,flash website,web and design,best website developers,cool web design,custom web development company,website maker,web design companies near me,web builder,creative web design company,web development sites,innovative web design,latest website designs,affordable websites,it web design,website editor,website design sites,web solutions company,web designers near me,website design websites,seo website design,it website design,sites design,low cost website design,the best web design,online design,professional web design services,page design,top website design companies,low price mobile,custom web design services,website making companies,top 10 website design companies,website design and development services,local website designers,website design companies for small businesses,best web design agencies,website creation services,i need a website designer,best website design companies for small business,professional website design companies,website design companies near me,web design services for small business,designing company,best web design firms,web page design company,web design company website,best homepage design,web development business,web page design prices,top web design firms,best business website designs,website design awards,local web design,website development firm,internet web design,best website development company,best web design services,creative website design,web design rates,website page design,website redesign services,best company websites,web redesign,online web page design,custom website design services,best website design sites,quality website design,web design software,website design software,professional website development,design for web,we design websites,interactive web design,personal website design,best design sites,it web designer,web design and web development,web design development company,web editor,website redesign company,find a website designer,flash web design,agency web design,best webdesign,design studio website,a web designer,web design by,the web designer,web page design software,web development software,best web design software,app development software,seo web design,web design web development,small business web development,ecommerce website design services,good web page design,professional web development company,website development software,website designed by,web designer and web developer,web development company website,cheap websites,web development services company,web page designers for small business,website design site,it company website design,free website design,design your own website,online page design,web designing course,free web design,best website design software,bespoke web design,web design design,commercial website design,cheap website design,website design & development services,free web design software,new web page design,business website,top web development companies in world,inexpensive web design,ecommerce web design services,small business web design company,website development sites,looking for website designer,best web developers,quality web design,our services web design,services page design,website creation company,best design companies,affordable web design company,cheap web design,real estate website design,dynamic website design,latest web design,web design melbourne,website design rates,web designer developer,where to find a web designer,freelance web developer,web design london,web design classes,web design los angeles,graphic design companies,low cost web design,interactive website design,graphic designing,web design new york,restaurant web design,web design homepage,professional web development services,business website development,the web design company,learn web design,a web design,wordpress web design,web design programs,atlanta web design,web design kent,graphic design agency,web design apps,web design company services,best web designing company in world,professional custom web design,website design templates,website design quote,corporate website development,design web design,website companies near me,top website developers,web design manchester,graphic design web,website design london,web design sydney,web design surrey,web design templates,medical website design,website development websites,top website companies,web design company london,professional website design services,design agency,internet site design,website design & development company,mobile app development software,best web design company websites,designing for web,church website design,website design ideas,website services for small businesses,website and graphic design,professional web design firm,need a website designer,web design uk,web design in,website design and build,web design offer,web design tools,modern website design,small web design company,small website design,web design jobs,web page templates,affordable website development,professional website templates,how to become a web designer,webdesign site,denver web design,web design essex,dental website design,graphic design services,professional web page design,best price mobile,graphic design studio,internet design service,website for company,ecommerce development,local business website design,web design leeds,web design consultant,web design development companies,web design marketing,web design and company,web design web design,web design and development websites,web page designers near me,responsive web design,web design web,website development business,professional website development company,web design chicago,corporate website design company,best web development company websites,hotel website design,it company website,which web design,website designers uk,affordable website design company,website specialist,affordable website design services,how to create a website,web design services company,site web design,page web design,php web design,web application development company,website development for small business,best web development websites,at web design,web web design,designing for the web,web firm,hire web designer,web design ireland,flash design,web design it,business web page design,website design offer,website design and hosting,web design tutorial,web design for dummies,website design india,web design plan,web design for,best web developer websites,web design and web development company,modern web design,web design company portfolio,what is web designing,website design inspiration,web design blog,website and design,web design examples,flash website design,web design and development services,website design tutorial,web design houston,custom ecommerce web design services,best website design company in the world,web design training,websites for web developers,website design design,website coders,web solutions services,biggest web design companies,web design pro,service website,web for design,design firm,top web design websites,web development services for small business,web design ideas,graphic design portfolio,dynamic web design,web banner design,web design india,web design school,company web page design,website content management,laptop design,custom web application development,new web designs,graphic design logo,small business website design packages,real estate web design,online website development,which web design company,web design trends,services web page design,best web development services,web design and build,web design 2016,professional web services,the website design company,ecommerce website hosting,professional website design agency,top web developers,web design and hosting,web design australia,in web design,small website design company,website design tools,small business design,new website development,web design inspiration,web designing details,best web design companies for small businesses,google web designer,local seo services,web development india,design a page,custom app development,web design miami,what is web development,design of web,a website designed,best design firm websites,web design logo,i web design,mobile web development,custom web design and development,designing a company website,small business website design services,small business web design packages,online business website design,web application design,internet website design,graphic design firms,professional business website,web design and developer,create website online,new business website design,best website design services,design site web,companies looking for website development,html website design,web design contract,design and development company,web design company india,best web development agency,looking for web designer,cms web design,website design builder,best web development company in world,graphic design web design,web page design and development,web designer magazine,web design company uk,design development company,internet web page design,create professional website,website developer website,website price,website design for company,web building companies,the best web design companies,html web design,design and web,logo design website,web designer salary,create web design,design services company,orange county web design,american web design company,business website design company,content for web development company website,graphic design business,website in development,online website design company,web design updates,website design web company,website design services pricing,website design examples,outsource web design,where can i find a web designer,business web solutions,best web development firms,best website developers for small business,the best website design companies,find a website developer,best it company website design,where to find a website designer,leading web design company,top ten web design companies,online design sites,affordable custom web design,web design technology,top rated website design companies,website design company website,business web services,website development offers,professional web design development,top web development firms,website services page,best web design and development company,biggest web development companies,website styles,top web design companies in the world,top website development companies,what is a web developer,business website services,online design company,web services company,how to be a web designer,website design tips,mobile application development software,webdesign company,web design leads,professional web design and development,a web design company,custom web page design,business web designer,mobile website development,website customisation services,be a web designer