原帖由 -chunchun- 於 2008-1-24 02:39 發表
My business was running 3 years already, and was making good money on the first 2 years. Coz i was doing the electronics supplier before, but due to a lot of competitors came out and cut down the pric ...
I used to own an IT consulting company, focused mostly on web site design. It was established at a really bad time because the entire computer industry was suffering a lot from the 911 incident. And also, I was not very competitive because I was not familar with marketing stratgies and I was also very inexperienced in general. Luckily it was not a huge investment and I realized needed to do something different before I lost all the captial.
I've been told by a very wise friend of mine that you have to be the top 2% of the field you are in if you want to be very successful. Obviously I was not in the top 2% when comes to running an IT company. However, my knowledge in database seemed to be some sort of an edge. I was able to obtain a short term work on database consulting during a visit to Hong Kong, and I eventually get a contract as a database operator in Canada. Photography is my other passion, and I am working towards building a career in that area.
In my case, because I realized changing my business strategy was not going to help my business (because I simpily sucked at IT / web design), I changed my field once and for all. In my current job, I constantly have to examine our strategy and adjust it to make sure it is fitting our business needs. Sometimes it is as simple as recognizing low performes and bringing them up to speed. Sometimes it call for changes in the way we do certain processes and we have to brain storm a lot. If you realize your business has the potential to turn around, but you are just suffering a lot from a transition period, maybe the best thing for you is to cut short in things you can affort not to have tempoarily. For example, lease fewer vehicles, have less stock in your inventory, work longer hours yourself instead of hiring an employee to work for you, and so forth. The biggest danger is not being able to see the light at the other end of the tunnel. If you know you will get out of the dark tunnel eventually, then you do no have to close down the business. You just need to have a little faith. You mentioned that you are the only income source of the household. If feisible, maybe have your partner work a part time job as a short term relief until your business is back on track again? That is a possible strategy too. The most important strategy to keep in mind is not to set yourself up for failure. It is OK to close down a business if you recognize it is not going to work, but it is not OK to have false hope over a business that won't blossom into something fuller and better. It is your business, you should know how it is doing better then any of us. Consider the different things before you stress yourself out because the answers to our questions are usually there; we are just not aware of them. =)
"In the underground of crime, everybody has a secret."
發表於 2008-1-27 21:08
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You mentioned that you are the only income source of the household. If feisible, maybe have your partner work a part time job as a short term relief until your business is back on track again? That is a possible strategy too. The most important strategy to keep in mind is not to set yourself up for failure. It is OK to close down a business if you recognize it is not going to work, but it is not OK to have false hope over a business that won't blossom into something fuller and better. It is your business, you should know how it is doing better then any of us. Consider the different things before you stress yourself out because the answers to our questions are usually there; we are just not aware of them. =)