Have you considered these potential business setbacks?

By Henry Brown

Any setback in business is enough to make a CEO’s spine shiver. When you’re putting so much time and effort into a business idea, the last thing you need is for it to go pear-shaped. You need everything to keep running smoothly so you can feel like you’re going from strength to strength, rather than one setback to another. If you have too many setbacks while trying to complete projects you’ve invested a lot of money in, it can risk a business going into huge amounts of debt and possibly even bankruptcy.

For a small business, the pressure is even greater. Every bit of money you’re investing in your business needs to have a positive return. To ensure that this happens, it’s important to anticipate business setbacks that might come your way. The more you can prepare for these setbacks, the easier it’s going to be to avoid them completely and allow your business to flow without some of the issues that can crop up. So, keep on reading, and we’ll show you common setbacks and how you can make sure you’re avoiding them.

Data loss & poor organization

Data loss and poor organization are two things that small businesses in particular struggle to manage. Data loss is so common due to an overloaded database, poor filing, and poor understanding of the services that are out there that can benefit your business.

Cloud services are going to be able to help you manage your data far better, as well as allowing you to be connected with it on the go. You’re never going to have to deal with a corrupt or unorganized database, you’ll have everything right where you need it. Although as your data grows, even managing from the cloud can be a nightmare. So, if you visit https://www.simplyclouds.com/cloud-services-marketplace, you’ll find services that might benefit you and your business in the long run. Simply being able to store and utilize data can make all the difference to the way that your business works

Financial losses on big projects

This is a huge setback and one that many businesses have to go through with many different products and service launches. It’s pretty much impossible to run a business without financial losses when working on a big project. But the key is to account for them before they even happen. If you plan a new project or service launch down to a T, and don’t even account for any setbacks or losses, then you’re most likely always going to suffer.

Damaging marketing campaigns

This generally tends to happen the bigger your business gets. The more eyes that are on you, the more room there is for judgment, and the public loves to pick out anything that businesses might be doing wrong. This applies to marketing campaigns and the way that they might be interpreted. Brands such as H&M and Peloton got into big trouble due to their marketing campaigns being taken the wrong way. So, always keep it simple, and always be mindful of who you might upset!


Henry Brown is an online marketing executive. When he isn’t talking shop, he’s roaming the streets of London, uncovering the extra-ordinary in the ordinary.

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