You may have observed some business or address change and decreasing value after that, means the regular business makes loyal clients and regular home or office address makes loyal contacts and they may be lazy on sudden change in your business model or atleast the permanent location. So the owners should always have the planning to inform and get the best place to move and get the best option to change the business model so that can collect more and more attraction towards nor deflection and loss.
Let’s discuss to understand the problems and solutions during dealing any little or major change in business model or the location that is very well placed in your followers mind.
This is the world of innovation and we all are facing daily and better registrations are coming in the market as our business competitor and hence we should be aware about our business qualities and how to enhance the same to get the desired exposure in market and then no new and better business model will harm us and our name. It’s always a challenge to fight with but the most important fact is don’t do the sudden changes to make increment in market while this type of act mostly goes towards downfall and then no one can hold your stokes and will push you more closer to the failure that can’t be restore again in less time.
Some points we must have a look and thinking to understand the small but big change creator when we moves towards the sudden and not well prepared changes for our business requirements and outputs for the users.
1. Change the name : Most harmful step towards a business downfall entrepreneurs always took and got what they never ever expect from their decision but they were not making the planning regards and loose lot’s of clients and supporter in confusion of that it seems to the other company and not that with whom they were dealing well they may get it in their mind that you have leaved this place without any prior message and off-course you didn’t do that.
2. Change the contact mediums : Due to better findings we keep changing the I.T and Communication mediums and their uniform address the clients and members known with and you have changed that suddenly without and previous notice regarding and will automatically lose some business, so be sure about keep them informed about all the changes in your contact mediums and previous removal.
3. Moving towards a prime location : Yeah you have done a great research and found that best place for your business situation and revealing in the targeted users but what about them who were your old and loyal customers and happy with your service and products to use and promote but sadly got that news one day you moved towards a better market without informing them and they feels you don’t love them and it’s the main reason behind they will not going to search you anymore instead of joining your previous closer competitor.
4. Removing employees : Now you needs more positive and new age employees to grab the new market but your business starts from basic customers and they are the most powerful tool to get placed in this tough competition world of business and services, and you should be careful about those employees who are old and working for you from the initial position understands your business and their users very well than the new and inexperienced ones. Be in direct contact of the customers if feels you must have to remove the old hands.
5. A whole new business planning : Many of the entrepreneurs do this mistake in moving towards the next business step and they makes it all new and nothing to relate with the old one in means of services and appearance and relation in other words we can say that you have started a new business after closing the old. Don’t be a children who leaves the old toys for new one and the previous one gets useless and worthless for the future aspects. You know there are lots of users who loves your creation in the limit think what will happen when you will move to a total new option that is not for them they will only have to say that you have done all wrong with the your old and loyal customers after changing that in a strange and useless one. Ok you have done some market research and got the data about your new business model but that should not be sudden change to loose your expertise.
What will you do with your business ?
1. What is the best method to keep them inform regarding changes in your business ?
2. Why don’t we accepts the new model suddenly ?
3. How to find the previous business model a company was using in the market ?