Statement of the Problem in Business

Starmix · Jul 20, 2023

If there is an ongoing problem in your business, it is best to conduct a mini research in order to get the possible solution to your problem. Despite having many plans but sometimes, there are plans that failed. You better try another try, use your other hand to reach out to the cause and effect of your problem. In so doing, you will get the root cause of your problems. Assuming your problems will be low sales, you have to state a problem first like FACTORS THAT AFFECT THE LOW SALES OF MY BUSINESS". The next thing to do is to prepare at least 3 statements of the problem , the following are:

1. Low sales derived from poor services of the working staff;

2. Products displayed are not organized, dusty, and mostly old stock, and

3. Upgrading, innovating, and inventory are necessary.

After having written these statements of the problem, the next move of the owner is to think of the variables.

Heatman · Jul 20, 2023

If you make sure that you have quality products you will also have to work very well on advertising your product so that it will be easy for your customers to know about them and patronize you.

Starmix · Jul 20, 2023

Heatman said:
If you make sure that you have quality products you will also have to work very well on advertising your product so that it will be easy for your customers to know about them and patronize you.

That's right but there are businesses that lack commonsense. As of what they observed didn't exist. It's best for the owners to keep on evaluating the flow of the sales, and see the record of the bookeeper.

Heatman · Jul 21, 2023

Starmix said:
That's right but there are businesses that lack commonsense. As of what they observed didn't exist. It's best for the owners to keep on evaluating the flow of the sales, and see the record of the bookeeper.

Any business owner who doesn't make effort to do everything that is expected to him in running his business successfully shouldn't have opened the business in the first place.

Starmix · Jul 21, 2023

They already knew the risks and how to manage it only those small time business owners who might find it hard to profit if capital insufficient and services poor.

Golden9 · Jul 21, 2023

Having a statement of the problem will help everyone understand what is how and how they can help fix it in a business, especially when you have employees or partners.

Authenticity101 · Jul 21, 2023

Many businesses and companies overlook the importance of conducting a mini research in a company that is failing. A mini research will determine the possible causes of the problem and guide the solutions needed.

Starmix · Jul 21, 2023

Abigael said:
Many businesses and companies overlook the importance of conducting a mini research in a company that is failing. A mini research will determine the possible causes of the problem and guide the solutions needed.

Exactly, businesses must undergo a research study, but as far as my observation is concerned in my place, businesses conduct an Action Research. They limit their research on the business problems occurrences. They found it effective. Even big corporations are conduction an action research.

Suba · Jul 21, 2023

There are so many factors that affect low sales, even if your product is not accepted by the market, you must do research to find out why sales are low. Prices that are too high also cause consumers to choose other products. Or you choose the wrong target market etc.

Starmix · Jul 21, 2023

There are indeed many factors to consider why a business is having low sales despite your services are good. I am only citing examples. You can add the business location, the SOS of the community and the product sources as the variables.

eldavis · Jul 22, 2023

Before you can solve a problem in your business or even in general, you must first know about the problem. Knowing about it would help you decide on the best possible way to handle it.

Starmix · Jul 22, 2023

It's good to conduct an Action Research to find out the causes of low sales and the factors that correlate the problems of it. It's not hard as long as hire a skilled researcher.

Heatman · Jul 22, 2023

Golden9 said:
Having a statement of the problem will help everyone understand what is how and how they can help fix it in a business, especially when you have employees or partners.

Being able to identify the problem your business is facing is something that will always give you the room to research on how to possibly solve the problem very fast.

Starmix · Jul 22, 2023

Statement of the problem hints the business owner. This way limits the possible decrease of sales flow. Action will be done right away to avoid getting worse to the extreme unable the owner to save his business. Action research is very important.

Bisolami · Jul 24, 2023

Starmix said:
If there is an ongoing problem in your business, it is best to conduct a mini research in order to get the possible solution to your problem. Despite having many plans but sometimes, there are plans that failed. You better try another try, use your other hand to reach out to the cause and effect of your problem. In so doing, you will get the root cause of your problems. Assuming your problems will be low sales, you have to state a problem first like FACTORS THAT AFFECT THE LOW SALES OF MY BUSINESS". The next thing to do is to prepare at least 3 statements of the problem , the following are:

1. Low sales derived from poor services of the working staff;

2. Products displayed are not organized, dusty, and mostly old stock, and

3. Upgrading, innovating, and inventory are necessary.

After having written these statements of the problem, the next move of the owner is to think of the variables.

Product display is very important in every business and it will not be nice before the product that you display to look rough because it needs to look neat which is going to catch the attention of people who will see it

Starmix · Jul 24, 2023

Bisolami said:
Product display is very important in every business and it will not be nice before the product that you display to look rough because it needs to look neat which is going to catch the attention of people who will see it

That's why it's part of the variables and statements of the problem in the action research that must be conducted by the expert to know the cause and effect of low sales in business.

Heatman · Jul 24, 2023

Starmix said:
It's good to conduct an Action Research to find out the causes of low sales and the factors that correlate the problems of it. It's not hard as long as hire a skilled researcher.

This is something that every business is supposed to take seriously otherwise it is going to result in a situation whereby the business will not be meeting the goals and objective of setting up the business.

Starmix · Jul 24, 2023

Heatman said:
This is something that every business is supposed to take seriously otherwise it is going to result in a situation whereby the business will not be meeting the goals and objective of setting up the business.

That could be the possible result if the business owner keep silent on his business assessment getting low sales. He must investigate or hire a researcher to get to know the real cause of low sales.

Statement of the Problem in Business

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