Common small business challenges and solutions for a startup - PowerPoint PPT Presentation

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Common small business challenges and solutions for a startup

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There are may challenges which the today's businesses are facing when they are trying to build their market Presence. Here we have listed few business Problems and their solution which help you tackle the common business problems. – PowerPoint PPT presentation

Number of Views:90
Updated: 29 June 2018
Slides: 13
Provided by: Logopro

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Title: Common small business challenges and solutions for a startup


1
Common Small Business Challenges and Solutions
for a Startup
  • A guide by Logopro Promotional Products

2
Capital
When you are starting a new business then
financing the new business is the most difficult
Part. You often struggle for arranging the
required capital for your business.
3
Solution
  • There are various ways for Arranging the funds
    for your startup
  • Family and FriendsYou can call you friends and
    family for help. This is best and cheapest way
    for arranging the funds.
  • Commercial loansBanks are giving loans to the
    startups at avery low rate of Interest.
  • Angel investorsTable your business plans infront
    of the investors if they like they will surely
    invest in your business.

4
2. Inability to select the Right Business.
5
To Attain! Success.
You need to have an Outstanding product and
services.
Deliver Exactly what You have committed.
Word of mouth Publicity
Attract new Customers and retain Existing clients
6
3. Managing Cash Flow
7
3. Solution
  • Proper planning and budgeting is essential for
    managing the Cash flow.
  • Asking for a down PaymentWhenever you receive a
    order ask then to pay down payment so that you
    are able to pay your expenses.
  • Ask your client for faster invoicingIbn this Way
    if the client is not able to pay then you still
    have the time to pay your expenses

8
4. Hiring Employees
  • Meet Alberto.
  • Employees are the Greatest Assert for any
    business so proper selection procedure should be
    followed.
  • Employees are the one who will make or break the
    way for your business.

9
  • Solution.
  • Go though The Wanted section of the Newspaper
  • Sort the Resumes carefully
  • Call only the Desired candidates
  • Follow proper Procedure
  • Give the Appointee training for complete
    understanding of the Business.

10
5. Selection of customers
  • Find the Prospective customer
  • Carefully select your audience

11
  • The solution
  • If your Product Add Value to the People life then
    you dont need to spend extra money on
    Advertisements.
  • If you have great product people will
    automatically come to your business.

12
Good luck!
  • We hope youll use these tips to go out and
    deliver a memorable pitch for your product or
    service!
  • If you need any information about the business
    Promotional products in Australia and Giveaways
    please visit Logopro Promotional Products
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