6 Reasons Why Small Businesses Fail

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Some of the most common reasons why small businesses fail stem from software issues. Outdated applications, unsustainable growth, problems with inventory management, insufficient budgeting, and integration failures are only a few of the software stumbling blocks that small businesses encounter. With enterprise resource planning software from Pioneer B1, your business can overcome the challenges that hold others back.

6 Reasons Why Small Businesses Fail

1: Reluctance to Make Changes

Don’t be afraid to automate your existing procedures or update your software. Using inefficient or outdated applications only hurts your business. Maybe you’ve outgrown the free software that got you started. Or perhaps you’re using several different applications that don’t like to work together. SAP Business One integrates your systems and gives you superior control over all your operations.

2: Improper Planning

ERP software connects all your departments and streamlines operations, but integration doesn’t happen overnight. Successful ERP integration requires clear goals, a well-planned strategy, and an implementation schedule. You’ll also need to allow some time for employees to adjust to changes in their routines before you can reach peak efficiency. Establish a rollout timeline that permits gradual adjustments across all departments.

3: Neglecting the Software Budget

Forgetting to include software in the operations budget is a fairly common mistake. Every small business needs a software budget. Whether it’s renewing annual SaaS subscriptions or purchasing new technology, you should always budget for software. Reevaluating your systems on a yearly basis helps you plan ahead for upgrades and keep your business up to date.

4: Forgetting to Modify or Adapt Software

Ignoring deficiencies rather than resolving them only sets you back. Make sure your systems actually support your operations. Your business should define your software, not the other way around. You may need to make some customizations in order to streamline processes and make the software work for you. With SAP Business One, you get customizable software that adapts as your business evolves.

5: Integration Failures

Don’t place all the responsibility for system integration on your IT department. Make sure that IT gets support from the operations and finance teams so they can find the right solutions. You can eliminate system integration failures when you partner with Pioneer B1. We’ll help you connect all your departments into one seamless, scalable system.

6: Insufficient Training

End user training is key—never assume that your employees can just learn as they go along. When you integrate new systems, you need to ensure that everyone receives adequate training and understands how to use them. Here at Pioneer, we recognize the importance of continuous learning, training, and skillset enhancement. We’ll teach you how to manage your projects efficiently and effectively.

Contact Us

Do you have questions about SAP Business One and how it can help you run your business better? The experts at Pioneer B1 are committed to your success – we’ll make sure that your software supports your business and gives you a competitive edge. Request your free, personalized demo today! Call (602) 888-2100 or send a message to info@pioneerb1.com to learn more.

 

 

Photo by Tim Mossholder on Unsplash

 

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