Why /Businesses Fail?Businesses fail for a great variety of reasons, but some reasons are more common than others. Columnist Doug Hood, in the September 2000 issue of INC. Magazine, provided what he finds to be the ten most common reasons that businesses fail. They are: 1. Lack of planning 2. Lack of experience 3. Insufficient capital 4. Wrong location 5. Heavy competition 6. Uncontrolled growth 7. Seasonal business 8. Tax issues 9. Fraud 10. Management turnover While there can be a number of causes and root problems for each of these issues, I think it really boils down to the number one reason on the list: LACK OF PLANNING. A business with a good business plan, marketing plan, sales plan, etc. is going to have thought about how to prevent (or at least reduce the risk of) the other 9 items on this list. Review this list again and ask yourself, "How prepared is my business to deal with these potential problems?" If the answer is YES, then take some time to review those plans to ensure they're still valid. If the answer is NO, spend some time TODAY to address those issues. About the author: Jim Allen is a professional life & business coach. For more ideas, subscribe to his free bi-weekly ezine, THE BIG IDEA, by sending a blank email to: SubscribeGA@CoachJim.comRead similar articles: How To Fail... Faster Then a Speeding Bullet!An Introduction to Viral Marketing Ideas to Create Own Work At Home Online Business Product Experience the Strange and Twisted World of Internet Cafes Build and Maintain Websites For Profit How to be Successful Working at Home Sell More of Everything Help Your Visitors Remember You with Buddy Icons Web Design Contract 10 Blazing Ways To Sky-Rocket Your Profits Cialis technology 80mapa Cialis milf cruiser Cialis
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