7 Reasons Businesses Fail
As it is extremely important to pay attention to all the great things small business owners do that lead them to success, I feel it can be equally beneficial to understand the reasons businesses fail.
I came across a piece by Patricia Schaefer on the website BusinessKnowHow.com that gives 7 reasons businesses fail.
1. You Start Your Business for the Wrong Reasons
2. Poor Management
3. Insufficient Capital
4. Location, Location, Location
5. Lack of Planning
6. Over Expansion
7. No Website
In a world where we can get pulled in hundreds of different directions, it’s important to know how we can fail as much as it is to know how we can succeed.
I came across a piece by Patricia Schaefer on the website BusinessKnowHow.com that gives 7 reasons businesses fail.
1. You Start Your Business for the Wrong Reasons
2. Poor Management
3. Insufficient Capital
4. Location, Location, Location
5. Lack of Planning
6. Over Expansion
7. No Website
In a world where we can get pulled in hundreds of different directions, it’s important to know how we can fail as much as it is to know how we can succeed.
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I couldn't agree with you more, Bill! Excellent response!
Leigh:
You've touched on a critical issue here - how to effectively measure employee engagement at a small to mid-sized company. The key here is the word effective. Creating useful questions begs a study and since smaller companies typically do n...
I'm in a firm that does engagement surveys. We have wrestled with the distinction between engagement and satisfaction and now have an approach that we believe isolates engagement and provides specific insights into actionable activities. My name i...
Leigh - I was very closely involved in a reshaping of an EE survey for over 100,000 staff. I hesitate to reply as my experiences stem from a large organisation and most of what I can offer is regrettably on the don'ts and tending towards the usele...
When employees come to talk to you, do not carry the "I am very busy" look.
Two ears, one mouth - listen more than you speak!
Thanks Ben, that is really useful. I have to admit to not having had chance to read this myself yet. I was just forwarded the link by a journalist friend who thought it might be of interest. It's good to get the opportunity to hear somebody else v...
I have not personally read the UK Government review of employee engagement titled "Engaging for Success".
But a very dear friend of mine, one of the very few people I know who fully understands engagement having done it himself, did review it and...
A group to help people working in the UK find each other and to offer assistance to visitors coming over for work or just passing through
Hi - this may be of interest...if you haven't seen it already.
Press release: http://www.responsesource.com/releases/rel_display.php?relid=mQXEQ
Govnt report: http://www.berr.gov.uk/files/file52215.pdf
BTW - I'm still looking for participants f...
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