5 Companies to Learn From in 2014

5 Companies to learn from in 2014 2013 saw 5 major high street retailers slip into administration. Mintel reports show that this is not a result of consumer caution, but is instead a result of flawed business models. It is important that we look at these examples in order to avoid these basic mistakes in 2014. The Lesson: Understanding your customers and offering them a product they want is vital for The Lesson: Consider whether you can afford not. to move your business online. The Lesson A Strong initial invesment could mean SUCCESS Failed to consider why its consumers Would choose their store over others. more stability in the future. Under estimated the impact of the digitai revolution on their business. Did not fully commit to Digital business model. Focusing on premium priced hard copy media JESSOPS BLOCKBUSTER Tie Rack Barratts hmv Failed to recognise patterns in their own customers behaviour Our experts have a wealth of knowledge to help your business run profitably. ProspectSoft The Lesson The Lesson Did not evaluate what products they needed to Call Us on 01494 486 301 sell to compete with online retailers. TM Consider how to differenciate your eCommerce offering through Price, Service & Offers Investigate the new routes that eCommerce could open up for you. No.1 FOR GROWING BUSINESSES to find out how we can help your business grow in 2014.