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The document discusses common business problems such as financial, client, and inventory issues, and provides solutions like using inventory management software and careful client selection. It emphasizes the importance of contracts to manage client expectations and outlines two strategies for businesses to navigate challenges: decreasing spending and increasing revenue. Additionally, it highlights various types of consultants, such as strategy and management consultants, who can help organizations improve their operations.
Task CombineTask CombineTask CombineTask CombineTask CombineTask CombineTask Combined.pptx
- 1. Top Business Problems and Their Solutions
- 2. Business opportunities are like buses, there’s always another one coming 01. Financial 02. Client 03. Inventory One of the major reasons for entrepreneurs to be worried is financial issues. It is common for businesses to run out of cash, due to one reason or other. This can cause a business to delay payments, which results in heavy fees and other such problems. Client issues include not having enough clients or having clients that are very difficult to work with. Inventory issues include running out of inventory. This can be due to several reasons including poor management or not having enough cash to buy inventory. The solution is to use an inventory management software so that you are well aware of what you need and when. This way you will never run out of inventory The best option is to be careful when picking clients and to stay away from troublesome individuals. Secondly, draw up a contract that prevents your rights and puts limitations on the kind of demands a client can make. In such a situation a business has two options, i.E: to decrease spending and to increase revenue. Issue category Problem Solution
- 3. What did we learn this year Learning What to Do Doing the Thing Learning How to Do It Learn and Master Any Skill Books Electronics Courses Online education 0.00 USD 100.00 USD 200.00 USD 300.00 USD 400.00 USD 500.00 USD 600.00 USD 700.00 USD 800.00 USD 900.00 USD 262.00 USD 775.00 USD 415.00 USD 484.00 USD Learning expenses Learning expenses
- 4. Types of consultants Strategy Strategy Consultants focus on strategic topics like corporate and organisational strategy, economic policy, government policy and functional strategy. Management Management Consultants, are consultants who focus on all sorts of organisational concerns from strategy to a variety of elements within management. Financial Advisory Financial Advisory Consultants address financial capabilities, and, in many cases, also the analytical capabilities within an organisation. Human Resource HR consultants help clients with human capital questions within their organisations and / or with improving the performance of the HR department. IT Technology consultants, also focus on helping clients with the development and application of Information Technology (IT) within their organisation. 1 2 3 4 5
- 5. 01 02 03 04 Be on time, every time Being on time is the simplest of responsibilities. Do what you say you will do One of the quickest ways to lose trust is to tell someone you’ll do something and then not follow through. Finish what you start Power through the distractions of doing the small things before the big things and finish. Say and mean, “Please” and “Thank you.” Common courtesies create loyalty between us
- 6. End