Reasons for Importation Business failure

REASONS WHY IMPORTATION BUSINESS FAIL

Importation Business maybe a great Business but sometimes it may fail if it
is not well operated. This Business is a lucrative Business.

There is not room for delay. If you fail to understand some essential tips of
this Business, you may find it very difficult. These are some reasons why
Importation Business fails:

UNPREDICTABLE DELAY: If your ordered Goods is been delayed before
it arrives and you have no Stocks in your store. Then you have nothing to
sell. At this point there is no difference between you and a Jobless man.


Since you have nothing to sell it will definitely send away your Customers to
your competitors. You shouldn't give a room for delay in your importation.

Your number one objective after ordering your goods is how your goods will
arrive fast. Unpredictable Delay can be a great failure to your Business.

NOT HAVING EXCESS STOCKS: If you don't learn the habit of having
excess Stock in your store, your Business may gradually fail. If you are
selling 100cartons a week, learn to keep 500Cartons in Store.

So incase if an Emergency occurs, you won't lose your Money and
Customers to your Competitors. In a case you have you have 100 Cartons in
your Store and a Customer is demanding for 1000 Cartons.

Definitely your
Customer will go to your Competitors, with that you have started loosing
Customers. This is also a failure to your Business.

UNDER-FUNDED AND MISMANAGEMENT OF CASH FLOW: In a
case you are ordering your Goods by Sea. You should arrange an excellent
deal with your Suppliers and you should get them to provide 120 day
payment arrangement.

That should be enough for them to move goods by themselves. Although it
may take longer time before you have the Trust of allowing this to happen.

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