Senin, 09 November 2015

20 Reasons of Your Business Failure


Shalom.

I want to live on earth as in heaven. I know you want to live on earth as in heaven too. Together we want to live on earth as in heaven. 

If all human beings want to live on earth as in heaven, then evil will wane quickly. And that's when peace exists among human beings on earth.

Matthew {6:10} Thy kingdom come. Thy will be done in earth, as [it is] in heaven.

I am happy. You are happy. All humans will be happy. :) 

Frustrated Businessman eating Paper Stock Photo


Photo: http://www.freedigitalphotos.net/images/search.php?search=sit+up

A person's character determines success in the future, whatever the profession does. Characters inside of an entrepreneur are the main reason that determines the success of a business. Not infrequently, an attempt shuffled because of the owner has characters that do not support the success of the business itself. Failure in business is always frightening. It is often said that more than half of new businesses failed on the first year. This opinion is not entirely true. We could not predict a business will succeed or failed. However, we can learn of the mistakes of others who have experienced failure.

Man, Stress, Male, Face, Adult, Young


Photo: https://pixabay.com/en/photos/?q=stress&image_type=&cat=&order=


Here's a list of factors that lead your business failure:
  1. The lack of clarity business undertaken
Business owners have not yet decided on the values, vision, mission, business goals and business plan, so they do not focus on what way the business will run smoothly.
  1. Poor time management
We must make a time schedule that will organize and rank the interests of which should take precedence. We also need to learn to manage your time as effectively as possible.
  1. Too many ideas
The business person who has an idea too much makes confused to choose which one to use. It often happens, have too many business ideas makes entrepreneurs do not do anything.
  1. Want to succeed quickly
It takes patience and a willingness to undergo a long process before a business entrepreneur produces results.
  1. Not spend money wisely
We need to understand the cardinal rule of business. There are times when we spend money to make money.
  1. Lack of sales, service and poor relations
A lack of enthusiasm in the sales department is the main reason loosening of sales is one of the main reasons of failure in business.
  1. Lack of financial knowledge
Lack the ability or low knowledge of financial statements, business owners do not know how to manage good finances or they are too busy to make the financial statements.
  1. Lack of working capital
The working capital that is not enough often faced by business owners. Because business owners are too optimistic and impatient so that funds are insufficient. If business owners can not cope then the business will be dying. 
  1. Do not dare to dream big
Big dreams can motivate entrepreneurs so that they become successful. If employers do not dream big then they lack the willingness to work hard.
  1. Negative thinking
The amount of information about the business makes the entrepreneurs be analyzing the worst possible of a business. The negative way of looking at this would hamper the entrepreneur to start a business.
  1. Not focus
The reason for entrepreneurship may indeed just as a side business, but that does not mean the entrepreneur half-heartedly doing the business.
  1. Ignoring quality
Too focused on quantity of sales often make the entrepreneur do not innovate to improve the quality of its products.
  1. Easy to move the bow
Too easily switch from one business to other businesses makes a business never reached the first target.
  1. Quitter
Assume a solution as the only way out of problems. Thus, the entrepreneur is not easy to give up in facing business constraints.
  1. Less work hard and work smart
Not all alternatives need to be tried out into the business. Entrepreneurs need to be good at sorting which one the proper and not for its business.
  1. Forgetting sales strategy
Too much innovation in pre-production stage makes the entrepreneur forget the post-production strategy, such as sales.
  1. Lack of planning
Because the plan is weak, the absences of a written business plan both short-term and long-term. Business owners react continuously, even being overwhelmed with work to be done.
  1. Assume that the business needs of higher education
It doesn’t take a college higher degree to have an entrepreneurship. Entrepreneurship is a business field that can be learned from everyday life without a formal education.
  1. Poor courage to start
Entrepreneurs who think too much tend to have a lot of consideration. He was too scared to think about the possibilities that will be faced. As a result, the entrepreneur never really starts his business.
  1. Product launches on the wrong time
Often this kind of thing happens outside the control of the business because sometimes the business idea that appeared suddenly on the wrong time. Indeed not an easy thing to bring an idea to the action. However, you can still cope with constantly sensitized and observes the development of the market.

There are so many challenges you face in running a business, but do not be afraid and being a quitter. Keep trying with learning from the experience of failure so that you can make a success.





Why Seed Funding From Family Is a Very Bad Idea | Inc. Magazine. https://www.youtube.com/watch?v=FfEIEsVrT38


These are tips that will make your business successful.

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I hope this article is useful to all of us.

Thank you.

LORD JESUS BLESS YOU.

AMEN.

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