HELLO

Once you stop focusing on innovation and product development, the death knell is ringing for your business. A business can never be static because the market itself is dynamic. People are always looking for more exciting products. You cannot keep the same products and expect to keep a hold on your current customers, let alone attract new ones. Once your business is under such strain that you cannot develop new products, it means failure is knocking at your door

If the business owners lose passion for the business, then they are doomed to failure. Passion is as important to success in business as much as availability of resources is. If that drive to succeed fades, then you will no longer push for better sales or push for more innovative products of for better quality assurance. All these in the long run (or short run) will bring down your business.