Tuesday 14 October 2014

Jonathan Tichich’s Pointers on When to Decide to Sell Your Business

Jonathan Tichich says, “Winners never quit is an old saying. As far as business in concerned, winners know when to quit.” Jonathan James Tichich works as a Senior Business Development Executive in Sunbelt Midwest and has been on a steady rise in his career.

He says that most business owners hang on to their business for too long and sell it only when it is no longer a profitable transaction. Here he discusses about when a business owner should decide to quit and sell his business.

Fading Business –

John James Tichich recollects that many business owners who might have seen a golden period in their business are not able to give it up when it fades. They keep waiting expecting a positive change like a rise in the market or an employee who might pull them out of the situation. Instead they are left with lots of stress and debt. This leads to the fall in the value of the business and makes selling it difficult and less profitable. He says that a person should try to dispose off his business once it starts to fade.

Business with Poor Performance –

The key indicator of a business which is performing poorly is the debt that piles up. If a business needs to be run on borrowed money, then it is time to sell off that business instead of letting the debts increase.

Business that is Profitable –

To run a business in an effective way, a person needs passion. Jonathan Tichich points out that the key factor in the effective running of a business is the passion with which it is run. So if the passion has died down, then even if the business in profitable it would be better to sell it as it would bring great returns to the owner. On the other hand, if the owner keeps running the business without any passion, there is no way to make it succeed as a good business needs new ideas and new ideas are the result of a passionate mind.

With these tips from Jonathan Tichich, make the most of your business and sell it at the right time to get the best returns.

Want to get more business tips from Jonathan Tichich? Read - Jonathan Tichich’s Tips to Build a Career in Real Estate in USA


Tuesday 7 October 2014

Reasons for Fluctuations in sales as explained by Jonathan Tichich

As an experienced player, Jonathan Tichich says that the sale of a company depends on the whims of its targeted demographic. Their consumer’s spending pattern is crucial in shaping the sales graph. Prevailing economic conditions also acts as a backseat driver and affects it.

For big corporate houses there can be many reasons for sales fluctuation. Some common ones are:
  1. Actions taken by competitor houses. They do so by opening their stores or promoting their brands in your targeted demographic or areas. They can also achieve it by altering the way they sell, such as going online.
  2. Weather is also a big reason for fluctuations. It can cause delay in delivery and hence give your competitor an edge.
  3. Sudden change in your merchandise or its marketing strategy will also repel your steadfast consumers. Jonathan Tichich advises you to do so in a snail mail fashion, giving ample time to consumers for adapting.
  4. Variation in population or demographics is bound to cause fluctuations. Try to model your product on the new demographic as much as you can.
  5. Timing of promotional events is a crucial aspect. Delay in doing so will give your competitors a head start and will surely incur you heavy losses.
  6. Are Customers starting to lose faith in you? It happens because of bad reputation in after sales services. Try to make your consumer comfortable and address his problems without any delay.
  7. You might be offering wrong products at the wrong place or at the wrong time. Jonathan Tichich explains it by using a simple example. If you offer you’re 56k modems in Nigeria or any third world country, it is bound to sell like hot cakes. If you offer same in modern Europe, it might not sell even a single piece.
  8. The last but not the least is decreasing quality of your products. Why will a person buy your bad quality products when he can buy a perfectly good one at the same cost from a competitor brand?

Above mentioned reasons is just the starting end of an infinite chain. You will need some professional help from major players like Jonathan Tichich in identifying the right reasons and taking adequate measures to address them.