What is the biggest problem in your company/sector?

Discussion in 'Market Research' started by Craig3141, Aug 15, 2019.

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  1. Craig3141

    Craig3141 UKBF Contributor Free Member

    85 2
    Just like the title says, I am looking to learn about various problems that business owners face.
     
    Posted: Aug 15, 2019 By: Craig3141 Member since: Aug 9, 2019
    #1
  2. fisicx

    fisicx It's Major Clanger! Staff Member

    34,005 10,101
    Too many idiots wanting a Rolls-Royce solution for the cost of Lada
     
    Posted: Aug 15, 2019 By: fisicx Member since: Sep 12, 2006
    #2
  3. Craig3141

    Craig3141 UKBF Contributor Free Member

    85 2
    I take it Ladas are cheap cars? So your problem is one of screening the wheat from the chaff so to speak?
    EDIT
    wow

    90-97 on page rank while running wordpress, that is awesome under-the-hood performance. Then they want to buy it for 40-page rank performance webiste prices, right?
     
    Last edited: Aug 15, 2019
    Posted: Aug 15, 2019 By: Craig3141 Member since: Aug 9, 2019
    #3
  4. fisicx

    fisicx It's Major Clanger! Staff Member

    34,005 10,101
    I had a bank in South Africa wanting some customisation. I quoted $70 and they tried to negotiate down to $40. The Swedes and Norwegians and most of Europe never quibble. South America questions the quote but still pay up. Australians are fine as are the Yanks. It's just Sub-Saharan Africa and the old Soviet states that want everything for free.

    It's not so much screening, it's just they don't appreciate the cost of doing the work. A single email is usually sufficient to keep them away. I just suggest they find a local developer and never hear from them again.
     
    Posted: Aug 15, 2019 By: fisicx Member since: Sep 12, 2006
    #4
  5. estwig

    estwig UKBF Legend Free Member

    12,652 4,526
    Builders, they ruin everything.
     
    Posted: Aug 15, 2019 By: estwig Member since: Sep 29, 2006
    #5
  6. DavidWH

    DavidWH UKBF Enthusiast Free Member

    1,660 318
    It's the customers that cause us the problems, I've yet to solve the conundrum of paying the wages and bills without them though :p
     
    Posted: Aug 15, 2019 By: DavidWH Member since: Feb 15, 2011
    #6
  7. Craig3141

    Craig3141 UKBF Contributor Free Member

    85 2
    Huh, that is interesting so it is more about the perception of the value of the work, in those areas? I would have thought ex-soviet states and South America to be roughly similar.

    How so?


    Haha, think you need enough profit to hire employees to deal with the customers, while you sit on the beach .
     
    Posted: Aug 15, 2019 By: Craig3141 Member since: Aug 9, 2019
    #7
  8. WeddingsInWales

    WeddingsInWales UKBF Contributor Free Member

    86 28
    Money. I never have enough. That is the biggest problem. If I had loads of money I would do a lot more spending. I would build into all the derelict areas of my castle and fully repair the roof and turrets rather than have to wait decades to earn the money through trading. Having to fill the castle with loads of guests who get noisy when they are enjoying themselves means I cannot sleep on busy nights. They also keep breaking things because chairs are too flimsy when people sit down heavily on the furniture. I now have metal chairs in my bedrooms due to the problem of heavy people sitting heavily in them after spending heavily over the bar. I then need more money for more maintenance to repair the things broken by my customers, or wrecked by the Welsh rain. Half my turrets are cracking because a predecessor thought to fill the cracks with concrete - water gets in and cracks the softer limestone and now we have to ban people going on the roof for wedding photos in case they lean on a loose parapet. Leaks are another problem, we keep repairing roof and more leaks come from somewhere we didn't know about. More money would help. Money I think is the problem. I am certain others have this problem also though it is not mentioned much so maybe everyone else has loads of spare money. Money seems to take up far too much time thinking about and pondering on, much more time than talking about the weather. That is why I spent a year in a caravan not spending, personally, but still had to spend on repairing the roof of my castle.
     
    Posted: Aug 15, 2019 By: WeddingsInWales Member since: Dec 13, 2018
    #8
  9. Craig3141

    Craig3141 UKBF Contributor Free Member

    85 2
    How do you currently obtain money? Well obviously sales, but how specifically do you get sales? What is your occupancy rate? When do you often have empty rooms? Which is more important to you revenue, cashflow or profit?
     
    Posted: Aug 15, 2019 By: Craig3141 Member since: Aug 9, 2019
    #9
  10. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    12,091 2,522
    Giving a service to service companies who promise the job and results as contract yet fail in all aspects forcing you to cut your losses and move on, especially in either the general marketing or IT companies
     
    Posted: Aug 15, 2019 By: Chris Ashdown Member since: Dec 7, 2003
    #10
  11. crackerjackcommerce

    crackerjackcommerce UKBF Contributor Free Member

    96 6
    We are a historic bricks and mortar retail store and we are facing: lack of footfall in the High Street, high business rates, increased out of town retail parks a 5 min walk away, importers/wholesalers retiring/closing down.
     
    Posted: Aug 16, 2019 By: crackerjackcommerce Member since: Aug 1, 2019
    #11
  12. Craig3141

    Craig3141 UKBF Contributor Free Member

    85 2
    Crackerjackcommerce have you ocnsidered, setting up a prortion of space for a coworking locale? It could be a way to increase footfall, and perhaps you can then cross-sell while they are there.
     
    Posted: Aug 31, 2019 By: Craig3141 Member since: Aug 9, 2019
    #12
  13. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    12,091 2,522
    You have identified your problem, so what are you going to do about it, if nothing then the end will be presumably soon, don't fight a losing battle make changes, do you have a online shop, can you move to a more profitable area
     
    Posted: Aug 31, 2019 By: Chris Ashdown Member since: Dec 7, 2003
    #13
  14. Millerd

    Millerd UKBF Contributor Full Member

    40 9
    As a South African I find the same thing ... there's a strong feeling of totally unjustified entitlement! Like you are responsible for the trashed economy and currency.
     
    Posted: Sep 6, 2019 By: Millerd Member since: Feb 24, 2019
    #14
  15. Craig3141

    Craig3141 UKBF Contributor Free Member

    85 2
    That is interesting
     
    Posted: Sep 6, 2019 By: Craig3141 Member since: Aug 9, 2019
    #15
  16. estwig

    estwig UKBF Legend Free Member

    12,652 4,526
    Every Eastern European I know thinks Brexit is my fault.

    Welcome to my World!
     
    Posted: Sep 6, 2019 By: estwig Member since: Sep 29, 2006
    #16
  17. UKSBD

    UKSBD Not a real duck Full Member

    10,465 2,091
    With one of my businesses it's returns costs that hold me back

    I only sell at the top end of the market and with the products I sell I seldom have returns.

    Problem is the bottom end market products are half the price of mine and more people buy by price now.

    I could sell the cheaper ones but after seeing the quality of them I know if I was to send them out to people who hadn't actually seen them I would get far more returns.

    I took the decision that only selling 10 high priced products a month and having no returns, is better than selling 50 rubbish products and having 10 returns as the cost of the 10 returns soon cuts in to the profit of the 40 sales.

    Edit to add: Plus manufacturers are selling direct now (which I predicted years ago would become the norm)
     
    Posted: Sep 6, 2019 By: UKSBD Member since: Dec 30, 2005
    #17
  18. Craig3141

    Craig3141 UKBF Contributor Free Member

    85 2
    I only sell at the top end of the market and with the products I sell I seldom have returns.

    So is it a QA problem on what your sending out? Are you drop-shipping or actually checking the product prior to dispatch?


    So there is no distiction between your product and the manufacter sells direct?
     
    Posted: Sep 9, 2019 By: Craig3141 Member since: Aug 9, 2019
    #18
  19. UKSBD

    UKSBD Not a real duck Full Member

    10,465 2,091
    With these products I just drop ship and don't even see the product.

    My manufacturer doesn't sell direct (yet) but others who produce very similar products do.

    With the top quality products it works well, I wouldn't want to do it with cheaper range though.

    Fair enough if someone comes out, sees it, and decides it is good enough for them but I wouldn't want to send them out to people who hadn't physically seen them 1st.
     
    Posted: Sep 9, 2019 By: UKSBD Member since: Dec 30, 2005
    #19
  20. Connie Powell

    Connie Powell UKBF Contributor Full Member

    31 1
    Management does not listen to my ideas or feedback from my analysis from analytics. Will see my suggestions as thinking negative of the brand, instead of creating a discussion about it.
     
    Posted: Sep 26, 2019 By: Connie Powell Member since: Sep 23, 2019
    #20
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