Even hundreds of thousands of
Posted: Wed Jan 22, 2025 6:34 am
Likes” on social networks do not guarantee you fame and recognition in the real world. This also applies to small companies. According to the SBA (an independent federal agency created to protect the interests of small businesses in the United States), more than 50% of small companies fail in the first five years of their existence.
Michael Ames, author of the book "Managing Small Businesses" identified 8 main spain consumer email list reasons why small companies fail: Lack of experience; Insufficient capital; Bad location; Poor management of logistics; Overinvestment in fixed assets; Bad credit relations; Misappropriation of company funds; Unexpected growth. It is noteworthy that this list does not include an item related to the use of social media.
There are also other factors that portend the future of any business, such as underestimating sales and marketing or not paying enough attention to product quality and customer experience. In all these situations, social media is not your only salvation, regardless of the size of your company, the number of your social media followers and the popularity of your videos.
Michael Ames, author of the book "Managing Small Businesses" identified 8 main spain consumer email list reasons why small companies fail: Lack of experience; Insufficient capital; Bad location; Poor management of logistics; Overinvestment in fixed assets; Bad credit relations; Misappropriation of company funds; Unexpected growth. It is noteworthy that this list does not include an item related to the use of social media.
There are also other factors that portend the future of any business, such as underestimating sales and marketing or not paying enough attention to product quality and customer experience. In all these situations, social media is not your only salvation, regardless of the size of your company, the number of your social media followers and the popularity of your videos.