Factors that make a business failure. no credible personality (Weak personality.) In this case I mean personality, confidence in ourselves. Having the power to fight not to give up. The lack of this commitment is the key reason that make the business successful. Many entrepreneurs attempt to crawl crawl and frequently rose to succeed, there must be a very good morale. Therefore, it must not be thought that it will not meet any obstacles to doing business. do not prefer to meet people (The loner syndrome). Business will have to meet people. Need to know the needs of the consumers know the employees recognize the manufacturer and supplier of raw materials, recognize the Government and others, etc. Owners need to have a good relationship. There is no personal habits like meet people is a feature that is a threat to good entrepreneurship. do not have well-defined business concept (Nebulous business ideas). The failed Tycoon is a person who does not know himself what business you are in, or knew but could not study whether the business is being threatened from what competitors have to adapt? Consumer tastes are changing, or is not usually made. At the old format at all times. do not have a plan that is (No plan). Sometimes, the employer has a clear business concept. But time brought the concept back into operational details of this measure are boxing was easier because of the failure of a non-working system. To make the. The scheme will provide detailed direction and remove. Do not forget, because we can't remember all brain matter and pulled all the matter systematically, every time we want to. do not have their own funding sources (Too little financial backing). Despite the many examples of successful entrepreneurs from starting from zero, there is no money at all, but would like to know whether the joint venture would eventually grow to use the funds. Entrepreneurs who started from zero, it must be stored. The doctor could not spoil themselves with funds to take action as well. The lack of their own funding, the funding base of the owner, which is a risk for the financial institution to release the loan, do not have knowledge in the management of cash flows (Cash-flow troubles). Failed entrepreneurs often do not have the knowledge to manage. Cash flow planning. When the item is sold to the accounts receivable occurred. If the debtor is poor management performance caused a lot of bad debt, cash flow did not arrive as expected. While the cash receipt, if it comes. Prevents the labor cost, cost of raw materials to make the liquidity crisis and result in delete operations. do not have a good marketing strategy (No marketing strategy). The statistics in the United States suggests that one in three of the new operators that fail and leave the market derived from a no strategy and planning, marketing, good enough. Which affect the item cannot be sold because it is not possible to directly use strategy and customer appeal. no control system (No controlling). A number of failed entrepreneurs are often as business executives who like to invade, forward only. Regardless of when the business is up as a dream. To conduct business, sustainable growth must continue to control. The result, according to the target? No system of monitoring or control will make it impossible to know whether each unit. Work effectively in joint venture operations or with full collaboration between the agencies to achieve the goal. no good people (The wrong people) entrepreneurs, often losing money a lot of gold to hire employees who do not have knowledge. That suits the character make somma studied in all details that are sometimes not necessarily cause performance deficits cannot be extended or sometimes as obstacles in the operation so far has caused the failure. No race condition forecast appropriately (Underestimating the competition.) Having a good idea Does not always ensure that it is successful because the competition in the business at all times. We do one thing. Others might follow, or make it better. Entrepreneurs who don't learn the real conditions of the market or competition less than the estimated level of reality has a chance to fail.
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