Wednesday, 27 May 2015

THIS IS IT 10 CAUSES MAKE MOST BUSINESS FAILURE

Failure is not something to be feared, but rather as material faced and the lessons learned. Moreover, if we are still just getting started.

Even so, that does not mean we should enjoy all the failures. There are several causes of business failures in the event would be very bad. On this occasion I intend to discuss the causes of the failure of the efforts that we should avoid. This lesson I get from a variety of sources, including its own experience.

1. Vision/goal not obvious


New entrepreneurs are more rely on courage and spirit, so much sheer reckless capital to start a business. Often they are too excited to get started so don't take more time to think deeper and further about its business plan.

The vision clearly has long-term plans. For example, business vision is to become the world's largest corporations. Then specify the specific steps to reach it, specify indicators of achievements, and make gradual tactics to achieve it. This is why new entrepreneurs need to remain aware of the importance of making business planning.

2. Lack of focus

Lack of focus made us not know priorities, do not know to deepen what, and don't know what to do if you experience problems. It makes the time we split too much so it's not a maximum lead of any kind. This is what makes a lot of business is a mess.

3. Don't listen

New entrepreneurs have a great spirit. Therefore they are always a lot of ideas and always wanted to talk. A big mistake that often occurs is the new entrepreneurs tend to be more talkative and does not want to hear other people's input. This will make them do not know the world around and too engrossed with their own thoughts which may not correspond to the desired market.

4. Don't wait

This trait is identical to the new and inexperienced entrepreneurs. We often do not wait, especially if the business forward-not advancing impressed. First month open new restaurants and feel successful, direct closure and begin to try another business. Familiarize yourself as it will only spend capital and time. We must realize there is no successful business in no time. If anything, certainly rarely last long. This issue also includes the patient's emotions. Less impatient and quick to anger facing a situation is only going to make us respond to everything with a mind that is not clear. The decisions made were the edges even backfire for own business.

5. The Reluctant admit errors

Not a few new entrepreneurs perceive his thoughts of the most true and most of his business is great. This made him unwilling to accept criticism from others. All errors are considered coming from outside himself so that he could first settled. This will create a business gradually died out in the middle of the road.

6. Greedy

New entrepreneurs often get caught up in thinking that success is all about money. This encourages them to be greedy. It was so successful, they want it justifies all means to earn money. Ultimately, people like this generate business which is short because he didn't have a focus to develop businesses other than selling and selling.

7. Lots of talk, no effort

Many new entrepreneurs who have a habit of this. The business plan exists, but only talked about it all the time and does not take real. Too much talking and not doing anything it's definitely not going to produce anything other than listener boredom.

8. Too busy perfecting products

This one is very lethal mistakes new entrepreneurs especially in online business. Because of the perfectionist, idealistic, and wanted to perform well, young entrepreneurs are often too focused to spend time to perfect product quality. The other side, they're so forget to promote it to potential buyers. When the product is already so moment already passed and it was not liked by the public so there is no practice for sale. We need to realize that it is important to sell rather than just make the perfect product. Furthermore, without input from buyers, we also won't know the perfect product like what they really want.

9. Less capital


Indeed many new entrepreneurs who set out from the capital minimal. Do not be mistaken with less skimpy. Employers with less capital is often forced to make businesses that did not match his ability. To be free capital. No matter the business half-measures and finally aggregated.

10. Do it all yourself

New entrepreneurs love to do everything myself because it feels being excited, wanted to quickly work out, and felt myself that most understand the idea of his business. It is actually more deadly than advancing the business. Do everything themselves make us spend more time and effort the heavier. There is no business that develops only held one person. We must have the connections, as well as a solid team to make businesses run well.

Trying to have a big, risk by having the maturity to know what right and wrong will determine the success of our efforts.

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