Friday, April 20, 2018

Lack of Communication, Not Competitors Hurt a Company

Much has been written about communication and its importance to the success of a company. Small businesses with 2 or more employees or larger operations “must” let employees know why they are asked to do things a certain way. Even the simplest task has importance and therefore plays an integral role in the financial results of a company.

Usually when a Company suffers financial setbacks, it is due to internal strife not their competition. Failure to plan, lack of training and internal bickering among family, management and employees are the major reasons for failure.

This failure is usually precipitated by the aforementioned “lack of communication”.

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