Some are business start-ups and others are mature businesses. Most business ideas flop on the first try. The key to success is knowing how to give your business idea a second chance. Sometimes you may need to implement that business idea three or four times before your new product or service starts making you money. Here are five simple ways to breathe new life into your business.
Many businesses are too broad and try to interest too many different kinds of prospects.
These days, being a generalist instead of a specialist may get you lost in a crowd. America has more stores today than at any other time in history. Retailers are finding their markets split into tiny fragments as consumers have hundreds of places to spend their money. The Internet has opened up hundreds more shopping venues as well. That was twice the amount spent online in 1997.