Have you Failed?

The 10 Top Business Failure Points
From a study conducted overseas it was shown that the 10 business failure points that stood out above all else were as follows:

  1. Lack of business knowledge and experience 
  2. Inadequate financial planning and control
  3. Poor management team.
  4. Bad capital structure.
  5. Not enough customers
  6. Poor management of staff
  7. Bad attitudes by owners.
  8. Increasing costs.
  9. Little care with costing and pricing.
  10. Lack of attention to suppliers.

How to Guarantee Failure
Here are 11 sure-fire ways to guarantee failure in your business:

  1. Take big risks without thinking.
  2. Don't listen to anyone else who may have an opinion.
  3. Be a dictator and keep all the power to yourself.
  4. Treat your staff like second-class citizens.
  5. Don't make any decisions that you find are unpleasant - put them off.
  6. Be first in what you do no matter what the cost.
  7. Don't bother writing up a business plan.
  8. Do all the financial accounting w...

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