Not specified path: The entrepreneur has no purpose, no plan or a plan to follow and discuss the values, vision and mission of any decision not his. As a result, each employee will react to the pressures of everyday life and instead focus on portfolio management, focused only on work.
Restlessness and snap entrepreneur About Time achieve desired business outcomes are not realistic. at least 2 times the amount that will be believed.
Greed: The entrepreneur can imagine that a lot of wealth, easily and quickly achieved.
((Unique event offers a wealth easily, only to lose it! _ John D. Rockefeller))...
Act without deliberation:
Which will confront the failures in all areas of life. ).
Inability to taming costs:
Many entrepreneurs start their work in particular, is the capital of the unnecessary things and spend.
Solutions:
Poor quality product or service, goods or services are not perfect and are not superior to competing goods or services.
Recommendation: at least 3 ways of better, faster and cheaper for customers to create, a proposal (or a value) of our special and unique that only comes to sales and ...
Insufficient working capital, entrepreneurs are often too optimistic and hasty. It must be admitted that it takes time to be able to obtain revenue from the sale of our goods or services. Starting up a business is better to have cash costs of 6 months.
Important note: bank loans (especially with high interest) to provide working capital to start a business (especially if you're inexperienced) is very risky and recklessly. Better than a bank loan at a later stage and to expand our business.
Low budget or the budget to take a lot of entrepreneurs act only on the basis of experience and detailed knowledge of their own financial situation. In this case the full program in the field of finance, particularly the need to manage costs.
Incomplete financial reports entrepreneur often does not know how to prepare such reports or too busy, not enough time to do this. To the financial statements (balance sheet or statement of assets and liabilities, income statement or income and expenditure, etc.) and even their own work provided they are dominant and determine complete structure for the accounting and bookkeeping expenses always be aware of your investment.
Lack of momentum in sales: Buy low or declining sales, the reason for the failure to confront the business, because cash flow is reduced and may lead to the collapse of the business.
Useful: better ourselves and encourage our employees to always think customers and vendors to sell and has excellent performance in our organization to strengthen them.
Inability to predict the market trend today is truly the product and services sales are short (typically every 5 years, over 80% of goods and services are outdated or changed). It is better to think in a few years and we are looking for answers to some basic questions:
_ Which way the market is going and what trends will be there at that time?
_ What changes in the wishes, desires and preferences on the client or is going on?
There is a lack of ability or experience any kind of business and management: 90% of all businesses that their owners do not have any business experience during the first 2 years shatter.
Guidelines: It is all the details of my business (customers, competitors, sales, expenses, finance and accounting, etc.), even before the start of the business, to carefully review and learn about them, the contents many (books, articles, etc.) on my business reading, hearing or visual training (audio and video conferences, seminars, webinar, etc.) have special attention, we are committed to lifelong learning and ...
Doubt: A breakthrough in business in a competitive market and rapid progress, requires that the entrepreneur is able to decide conclusively. Entrepreneurs are the main causes of uncertainty in the face of problems and difficulties often 2 things:
Fear of Failure
Fear of Rejection
Note: Many entrepreneurs fail because the employee opts for an important job on the ballot and leave him in the same position.
Inability to communicate constructively with others both inside and outside the organization, it may lead to failure. Negative people-oriented, nervous and aggressive, often with employees, vendors and their customers have been unkind behavior to complain, complain or criticize them pay.
Sporadic attempts entrepreneur, failure of planning, the result is always the way it reacts at the end of doing things that they should do it sinks....
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