... fail for a great variety of reasons, but ... are more common than others. ... Doug Hood, inthe ... 2000 issue of INC. ... provided what hefinds to be the ten most
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.
The 10 Keys to Connecting with Anyone
... with someone, ... rapport, does not haveto be a ... thing, although many people find it so.Here are ten key points to remember whenever you set off tomeet new ... Be
Extreme Self Care
How much do you want to do in this life? Is the list ofthings you hope to ... lengthy and ... are that you have many plans still left to ... do all of those things, you must st
How to Ask for the Help You Need
1. ... if you don't make the request, it will NEVER happen. Wayne Gretzky once said, "One hundred percent of the shots I don't make don't go in." ... the unasked question is never answered
