Avoiding Fault Business Strategy

With the approach of the recovery period, many companies began to feel less defensive and need to be more skilled in strategy. When you get ready to welcome new things, beware the strategic mistakes that are commonly found in many large and small companies both in times of crisis or their heyday.

Retain part of the result is bad business
The majority of companies have a business section, whether it's divisions or departments or subsidiaries, that they should leave. Think more dynamic by leaving parts instead become a burden for the company as a whole so that you will be able to devote more thought, effort and funds on more business fields provide bright opportunities.

Encouraging growth
However, more promising prospects may not mean there will be more income. Rather than focusing on expansion and growth, consider focusing on the means and methods so that you can strengthen existing business and strengthen its position in the niche market.

Underestimate the effort downsize
When conditions improved, many companies began to loosen his belt and began to leave the awareness of the economic conditions that have not been fully stabilized and there are even some who boldly increasing the number of shopping. Do not stop to save money if possible. Keep downsize although conditions have somewhat improved. The simplicity becomes an asset in any market.

Lack of Adequate Insurance and Risk Management
Lack of planning for worst-case scenarios can be disastrous, both in business and personal life. Select the best legal entity to limit your personal liability. Use insurance to transfer the risk. Also, do not forget to allocate funds to protect your digital assets and physical.

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