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5 BAD HABITS LEADING TO THE BANKRUPTCY OF MANY SMALL BUSINESS AFTER HOLIDAY

Experts always recommend that it is essential to set up a really detailed plan for the holidays, New Year, especially for the end of the year to achieve the highest profit.
 
Building detailed plan helps you to avoid risks
Or maybe they made a few following bad habits that lead businesses to decrease rapidly and face the risk of bankruptcy.

1. Not plan ahead
Experts always recommend that it is essential to set up a really detailed plan for the holidays, New Year, especially for the end of the year to achieve the highest profit.
However, many business owners do not attach special importance to this plan. Importing goods, anticipating slow sources or building detailed discount plan for specific items will help you avoid confusion and risks.
Additionally, you can also set up exclusive deals, special gifts or free services, focused on major holidays of the year to attract customers.

2. Be quiet on social media

In the era of digital technology, everyone uses social networks, it would be extremely shortcomings if you do not advertise widely your available campaign of deep discounts or great deals on holidays or New Year. Not irregular caring for your sales page, not creating the "big push" mean that customers will quickly forget you.
Using social media channels more, updating the situation and collecting customer feedback will help your business become more smooth.

3. Do not have quick assess part for customers 
That most consumers purchase is based on the experiences of those who purchased or the advice of friends and family. Today, the online reviews also greatly affect decisions of potential customers.
It is surveyed that 79% of consumers trust and follow the online reviews they read. So, if you have not yet updated the tool for your business or store, do not wonder why a number of customers do not increase, even in the super promotional opportunity.
 

4. Be lack of manpower
Many business owners are often subjective on this issue, especially small businesses. The holidays promise to bring a "giant"number of client, so when the customers come to your store, if they do not feel your attentive service, maybe they'll never come back.

So, to prepare for the last year discount and promotion occasions, you should hire more temporary labor, part-time employees or hourly employees to ensure customers always be best welcomed.

5. Loosen the customer care
As a business owner, you need to remember that it is the patrons who bring big profits, and will introduce more potential customers. Therefore, policies and preferential treatment reserved for loyal customers will help your business grow.
 
Besides, customer care service is also customers’ measure for your business. If you bring themcomfort and fun when shopping or using services, they will continue to trust you.
They will base on that to choose your store rather than a larger shop with more convenience. If you do not care about your customers, leave them with choice and reference, they will quickly be uncaring to your business like the way you treat them.

Minh Tien Vu