6. Poor management of the loan portfolio. Giving too much credit or expand your portfolio without the delay control is another critical factor that can affect your business. Sell to credit is an excellent tool that promotes business growth, but it must be granted within the limits of your capital and credit to give you your same suppliers. Tip: Get advice on how to properly manage your portfolio wisely to maintain credit limits and ensure that this strategy will be a benefit and not otherwise.
7. List of unnecessary personnel. The management staff is another factor determining the success or failure of your business. From the start, you must be very careful and intelligent at the time of recruitment. You must assess your ability to contract and working conditions that offer according to the laws that exist in your city and keep your paycheck grow indiscriminately or your wages are out of business. A poorly managed or excess payroll staff can take over your profits. Tip: Contractual personnel only need to add real value to the company in terms of profitability. Consider all the expenses that have to do with the hiring of a person as: social insurance, employment liability, legal benefits and other benefits to be able to see clearly how much it costs the hiring.
8. Abuse of bank credit. The abuse in the management of the credit to your company’s growth can lead to an undesirable state. The loans can be good if they are under control and used for investments that a good percentage return enough to pay plus benefits for business. However, when you exceed the demand for loans or bad credit using your suppliers offer you then you’re taking your company to a debt which can cost you too leave. Tip: managed prudently give you credit. Cancels time and keep your good credit record for when we truly need it.
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Tags: Abuse of bank credit, Business, Credit, credit to your company's, employment liability, social insurance, success