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Excellent Strategies for Businesses in a Declining Industries

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Hello! It is common knowledge that some industries are declining, if your business happens to be in a declining industry, this are the strategies you could apply

* You can go after a market segment (niche) in the industry. A niche that you know will offer stability  and you know other firms will not invade. 

*To be a leader in the industry, this can be achieved by acquiring competitors and motivating them to exit the industry. Once a leading role is achieved , greater profit could be enjoyed.

* When it really seems like the industry is not going to take another turn, then the best advise will be to divest before the industry reaches a dead end. 

Your business should be for the sake of Allah. Everything happens according to the will of Allah. Whatever Allah wills to prevent no one can make it happen and whatever He does not prevent no one cannot make it happen.


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