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Things that decrease the value of your business
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[QUOTE="Jasz, post: 273197, member: 61772"] There are a lot of things that decrease the value of your business. Sometimes it's just a matter of time and opportunity, but other times it's something that you might not even realize is happening until it's too late. 1. Poor communication skills Communication with your employees is extremely important. If there are problems or concerns, it is important to communicate with them so that they know what is going on in your business. People need to know if they are going to be laid off or if their job is on the line so they can make adjustments accordingly. If you don't have good communication skills, then you may find yourself having issues with your employees or customers and be unable to resolve them in a timely manner. 2. Lack of customer service Customer service is one of those things that most people take for granted nowadays, but without customer service, there wouldn't be businesses like Starbucks or McDonalds anywhere near as successful as they are today! The reason why these companies have been able to succeed in the long run is because they provide excellent customer service which keeps customers coming back again and again (and buying their products). Without good customer service practices, you will hardly retain customers. [/QUOTE]
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