Based on US Census information, approximately 30,000,000 Americans own a business, and sadly many of them do not survive to their 5th year birthday.

We have compiled a list of 4 main reasons companies fail. These all have equal weighting as problems and need to be resolved in a business. This list was made by our personal experiences with companies that are validated with resources such as the New York Times.

Economies of Scale: Especially for small business, economies of scale are very important. You need to survey your location before you plant roots and set up a business. For example if you are a hardware store with 6 locations and want to set up your 7^th, it should probably not be a small venue in between Home Depot and Ace Hardware. This sounds like common knowledge but many businesses do not realize how loyal customers are to certain chains and how hard it is to break that loyalty.

Poor Accounting: Allot of business owners do not understand that you need to know every aspect of how a business functions before you start operating. A large portion of your business is the “back room work” balancing the finances.  Without the numbers, you have no idea if your company is losing money or making it….and by the time you know it will be too late.

Changing in consumer tastes:  Technology runs the average consumers life at this point. They now think “why buy a book when I can download an e-book?” So it is probably a bad idea to open up a book store at this point. We are NOT telling you that you won’t succeed if you open up a bookstore, but slowly technology is replacing physical paper and music objects. If you do go a little retro with your market, make sure it has an environment that is different and draws customers in, because you will have to offer them an experience as well as your physical product.

Operational Inefficiencies- This topic does not come from Limitless Technology CRS (We reduce your operating inefficiencies by the way…) but from the New York Times.  The huge multi-million dollar companies that are now around manufacture their product or services at a super lean overhead rate. If you don’t get the best rates on all your operating expenses, then you could become uncompetitive or even worse obsolete as a company.

Number 4 is where Limitless Technology CRS comes into the picture. We make sure your telecom bills are as low as possible, so your company can better allocate its resources.  This will make your company more successful and competitive.

Give us a call today at (866) 504 4050 or go to www. Limitlesstechnology.com

Regardless of our reader’s or our political views, we would like to congratulate our new president. Both candidates ran excellent races and Limitless Technology CRS respects both men. What Limitless Technology CRS really wants to stress is how, now that Obama is elected,  does he plan to save your families and our businesses money?

Your Family– Obama plans to extend the payroll tax cuts. What does this mean? This means that employees in the past paid 6.2% towards payroll cuts and now will pay 3.2%.  This simple action will save families $1,500 annually.

If You Have A Small Business– Obama plans to include small business in the payroll tax cuts for the first 5 million dollars of their payroll. They will not have to pay the full 6.2% until the have exceeded their first 50 million dollars net increase in the company’s payroll.

Way To Save on Employment with Obama- Hire a veteran! It is a patriotic way to support your troops and it can also save your company money. If a veteran has been unemployed for six months or more and your company employs them, your company can save upwards of $9,000 dollars on tax deductions.

These are just a few of his ways to save, and each can have positive or negative effect on the economy based on the decisions of US citizens. Limitless Technology CRS however, can only improve your company’s bottom line and welfare.

Call (866) 504 4050 or go to www.limitlesstechnology.com today to find out more on how we save you money.