Is Your Business Recession Proof or At Risk?

June 3, 2009 - PRLog -- There are businesses that are at risk during the recession that could actually turn it around if they were made aware of the warning signs.   Over the past several years, there were noticeable trends you could watch that determine if a business would be successful.  Along with trends for success there are also trends that if paid close attention to would determine if your business was at risk.  As the economy has been making its correction over the past year, there has been an increase of more businesses closing their doors.  Unfortunately on a weekly basis, you can find more restaurants that are being padlocked with their windows boarded up.  For many entrepreneurs and owners, they may be somewhat celebratory or breathe a sigh of relief because their competitor just went out of business.  However, on a bigger note this is representation of the lost of hope and a dream dying.

“Based on watching what has been happening within the marketplace I created a special report entitled, The Ten Deadliest Reasons Why Businesses Fail. I believe that if you are made aware of what the warning signs are, you will be able to create a solution to overcome them” said Rae A. Majors-Wildman, CEO and Founder, of All the Way Success, Inc.
Here are some of the top reasons:

NO Working Business Plan – there are many businesses owners who do not have a business plan or they may have one but it is only look at maybe once a year.  If you are not reviewing your business plan on a quarterly basis your business is at risk.

Ineffective Marketing – most business owners decrease marketing and advertising when the market begins to slow down. Deadly! Instead you want to make sure that your customer, client or consumer knows that you are still in business.  But you also need to make sure that your marketing is working for you.  What is your return on investment?  

Superman/Superwoman Syndrome – This is the owner who doesn’t know how to delegate.  They have a belief that no one can do it better than them and because of this belief they can never grow.  Team building is crucial to creating and sustaining a profitable
business.

So, what is the solution to overcoming many these mistakes? In one word, systems.  The more systems that a company can effectively put in place, the closer they become in fortifying their company.

For additional information or the free special report, The Ten Deadliest Reasons Why Businesses Fail, contact Rae A. Majors-Wildman or visit: www.allthewaysuccess.com

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All the Way Success, Inc. is a coaching, consulting and training company who works with motivated entrepreneurs and service professionals who are looking to hype-grow their company. We help you avoid miss-steps, fallbacks and mistakes that many businesses experience. Our focus is to move you from possibility to profitability.