Steering Clear of the Top Reasons Glass Businesses Fail
Owning your own business takes a lot of courage, hard work, determination and endless faith. We applaud you for taking the risk and pursuing an opportunity to turn your craft and talent into a full-fledged thriving business.
As the largest wholesale glass distributor in the US, the team here at Ed Hoy’s International is passionate about helping art glass business owners like you succeed.
While we focus a lot of our efforts toward showing you new, exciting ways to market and grow your business, we also feel it’s important to share with you some of the things you need to watch out for as an art glass business owner.
The infographic below highlights some interesting information about small businesses as a whole and why they either thrive or dive.
Pay special attention to the top reason for failure: lack of experience. Many entrepreneurs start a business with a few superb skills that they can use to deliver value to their clients. What they typically lack is the experience and knowledge of how to build a business around those skills.
Also several of the reasons for failure can be tied to inaffective marketing. If a business isn’t selling and reaching out to it’s target audience, it isn’t going to survive.
It isn’t all doom and gloom though. Fortunately the solutions to many of the problem areas on the infographic are within your reach. Ask yourself, what small changes can you make inside your business that can have a huge impact? What things can you do right now that will help you jump over these common small business pitfalls?
We encourage you to open your mind to new ways of doing things. You’d be surprised at how a few simple modifications to your business could produce lasting results.