Most startups fail because
of lack of customers, not failure of technology, yet so few entrepreneurs put in the effort to understand market potential in a disciplined way.
Of 16 Glass app makers contacted by Reuters, nine said that they had stopped work on their projects or abandoned them, mostly because
of the lack of customers or limitations of the device.
I am tired
of the lack of customer service as well..
In fact, I've sought to pick up the theme
of lack of customer engagement and its consequences in my next Slaw column, due to be published on September 11, entitled «Legal and Professional Publishing: Has it Become Desperately Dull?»
Not exact matches
They typically react (slowly at best) to three outside drivers: (a) their competition brings a new offering to market, and they need a quick competitive response; (b) their
customers see and begin to adopt new processes and solutions, and the
customers demand that their products and services conform to the new ways
of doing business; or (c) they see a new tool, product, or service in the market offered by a new player and they quickly determine that this is a game - changer which they need to own (rather than try to build themselves) because they
lack the internal capacity to do otherwise.
Create additional
customer convenience factors to overcome a perceived
lack of convenience for
customers planning to ride roads and trails some distance away from our shop
But several former employees say the real problem was the
lack of customer support.
Secondly, for maintenance services like plumber, electrician, there is a considerably low loyalty factor due to
lack of personal connection &
customers are mostly motivated by cheaper cost points & discounts; which is definitely not a sustainable strategy for any company.
«Like choosing a doctor, the
customer's
lack of specified knowledge in the field makes trust an essential issue,» the Forrester report notes.
Such insincerity is offensive and breeds
lack of trust;
customers who don't trust you will not be around for long.
But statistics show that many small - business websites
lack the basics, which puts them at risk
of losing a
customer with just one click.
All involve companies trading on
customers»
lack of scientific sophistication.
If exchanges like Poloniex have helped build the infrastructure for today's cryptocurrency mania, their relative secrecy and
lack of accountability to
customers and regulators have helped fuel the backlash to that mania, especially outside the U.S.
Businesses often use size to justify their
lack of a positive
customer experience.
The courier company's reps spent lots
of time manually filling out forms, and sales managers
lacked a crisp sense
of customer churn, what was in the pipeline and other important sales data.
Sales dollars are used to pay for expenses, so there is a clear financial impact
of not having as much sales money available to pay for expenses; however, the very dangerous part
of sales stagnation or decline is that it usually indicates a
lack of customer acceptance, which is key to any business.
Interestingly enough, this dilemma isn't because the
customers (large or small)
lack the technical abilities to take on the problem
of documenting, servicing and helping to pay down millions
of their employees» individual student loans.
Lack of transparency often stems from oversight rather than malice, but that doesn't necessarily make a difference in the eyes
of a
customer who feels he or she has been duped.
UBER benefitted by taking advantage
of the unique circumstances in the cab industry and Manjoo claims that there are virtually no other major industries where those same characteristics apply — crappy
customer experience; high, regulator - protected prices; monopolistic markets; huge numbers
of daily users;
lack of viable alternatives — ergo no more UBERs.
To differentiate his company, Nitkin offers
customers something
lacking during his own college days at the University
of Maryland: a healthy alternative to the bar scene.
But
customer traction from the crowd
lacks both the credibility and repeatability
of customer traction from those whose problems your business will actually solve going forward.
A
lack of adaptability can result in loss in
customers, profits and even business failure.
Instead
of opting for marketing or no marketing, think about the specific strategies you can adopt to minimize your risk, compensate for your
lack of experience and knowledge and attract
customers while still remaining affordable.
«Uber's
lack of security regarding its
customer data was resulting in Uber employees being able to track high profile politicians, celebrities, and even personal acquaintances
of Uber employees, including ex - boyfriends / girlfriends, and ex-spouses,» Uber's former forensic investigator Ward Spangenberg was quoted as saying under penalty
of perjury in filings from a lawsuit is pursuing against the company.
During missions for commercial satellite
customers, SpaceX typically returns to the webcast to confirm that the payload has separated from the second stage, but Zuma was a classified mission so the
lack of further messages wasn't surprising.
The
lack of contact complaints show that sometimes the «light sales touch» approach can turn certain
customers off.
Actual results, including with respect to our targets and prospects, could differ materially due to a number
of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand
customer bases and accurately anticipate demand from end
customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet
customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in
customer demand and capacity, including bringing on additional capacity on a timely basis to meet
customer demand; the risk that longer manufacturing lead times may cause
customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up
of production
of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that
customers do not maintain their favorable perception
of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet
customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall
of our products; ongoing uncertainty in global economic conditions, infrastructure development or
customer demand that could negatively affect product demand, collectability
of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration
of our business among few
customers, including the risk that
customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant
customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits
of the transaction; the risk that retail
customers may alter promotional pricing, increase promotion
of a competitor's products over our products or reduce their inventory levels, all
of which could negatively affect product demand; the risk that our investments may experience periods
of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity
of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization
of products under development, such as our pipeline
of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development
of new technology and competing products that may impair demand or render our products obsolete; the potential
lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
«Many respondents indicated that a meaningful portion
of customers are buying iPhone 7 in lieu
of the new iPhone 8, given the
lack of significant enhancements in the new phone,» KeyBanc analyst John Vinh wrote in a client note.
The difference between a strike and lockout is not always clear, as
customers will likely focus on the
lack of service itself, rather than the nuances
of why it is occurring.
Just think
of the emotional difference when a
customer reads a well - written, well - structured, heartfelt response versus one that
lacks any human element.
My biggest regrets are the moments that I let a
lack of data override my intuition on what's best for our
customers.
If Amazon, which is the leader in public cloud infrastructure — where servers, storage and networking is pooled and shared among
customers — has an Achilles Heel it is its
lack of a hybrid cloud story.
In the past decade there has been no
lack of best -
customer clubs, point programs, new twists on airline frequent - flier plans, and contests with spectacular prizes.
Effenberger says, «Sales gets a bad wrap due to
lack of personalization and understanding
of customer needs.
«Any time you see softness in the economy, you see some mode shift where
customers reevaluate their supply chains and look to see if they could rely on a slower mode
of transportation in some cases or the
lack of a timedefinite service.
In fact, Kazanjy claims to have seen many «early stage, and even mid-stage startups
lacking a solid internal meeting cadence - and it totally shows in their level
of engineering, sales, and
customer success execution.
And her
lack of equipment on the road often hampered her wooing
of new
customers.
From
lack of customers to profits, it's not easy street.
This was combined with an internal
lack of resilience owing to poor financial management and a broken company culture, as well as the «black cloud» that engulfs any company in big trouble, driving away even the most loyal
customers and investors.
Most companies understand the importance
of customer data, but
lack the analysis expertise to match their ecommerce competitors» level.
All it takes for your
customers to give up the idea
of doing business with you is a little
lack of credibility.
These risks include, in no particular order, the following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost
of revenue or operating expenses may exceed our expectations; the mix
of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries;
customer concentration and consolidation; the impact
of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and market acceptance
of our new or existing products; losses
of one or more key
customers; risks associated with our international operations; exchange rate fluctuations
of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance
of various types
of broadband services, on the adoption
of new broadband technologies and on broadband industry trends; inventory management; the
lack of timely availability
of parts or raw materials necessary to produce our products; the impact
of increases in the prices
of raw materials and oil; the effect
of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business
of natural disasters.
Respected Apple analyst Ming - Chi Kuo told the publication that the
lack of demand will see the «end
of life» for the iPhone X, meaning it will not be offered to
customers as a lower - cost option when new iPhone models are released later this year.
She blamed the
lack of compelling sales and
customer relationship management (CRM) system within the company for some
of HP's problems.
Although this brand had a strong emotional connection with consumers and ambitious expansion plans, it
lacked the critical mass
of customers to support the high levels
of media advertising required to match the competition.
Raider and Katz - Mayfield first came up with the idea after a trip to the drugstore where Katz - Mayfield found himself overpaying for a poorly branded product and frustrated by the
lack of customer service.
This
lack of «excessive overhead» allows All Things Luxury to pass on its saving to you, the
customer.
The
lack of detail that Bitfinex provided about the hacking drove away some large
customers, such as Arthur Hayes, the founder
of Bitmex, a Hong Kong - based virtual currency exchange.
«Instagram's
lack of communication is frustrating to me because now I'm scrambling to update my apps and dealing with loads
of unhappy
customers,» a developer told me on the condition
of anonymity.
It's not a «
lack,» but a positive awareness
of how the banks, insurance companies and money managers are trying to exploit their
customers and counter-parties in any way possible.