Business Failures
Cheapo Groovo
establishments were still in existence 4 years after their birth!!!!
Why do they fail?
* Business idea was too hard for customers to understand or no
demand
* Didn=3Ft have enough capital to start or grow the business
* Could not do the detailed work =3F accounting, inventory
management, site location, marketing, etc. so their business
partners/consultants ate up their bank account
* Competing in an oilgopolistic market gave then no chance for
success
* Sold on bad business ideas =3F like the real estate infomercial
showing a Vietnamese gentleman with two gorgeous blondes at his
side.
Solution: Start a business with built in downside controls. This is what
practical entrepreneurship is all about. That is the theory behind
Thriving in a Global Economy =3F diversify your revenue streams, spend the
most time on marketing, get paid in cash where you can, and set
realistic goals!
I deliver Thriving in a Global Economy as a downloadable screencast for
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Rod Speed
> According to the US Bureau of Labor Statistics, only 44 percent of
> new establishments were still in existence 4 years after their birth!!!!
> Why do they fail?
> * Business idea was too hard for customers to understand or no demand
> * Didnt have enough capital to start or grow the business
> * Could not do the detailed work accounting, inventory
> management, site location, marketing, etc. so their business
> partners/consultants ate up their bank account
> * Competing in an oilgopolistic market gave then no chance for success
> * Sold on bad business ideas like the real estate infomercialshowing a
> Vietnamese gentleman with two gorgeous blondes at his side.
The usual reason is that there are already too many
in that particular line of business in that particular area.
Thats always been a major downside with business, its too easy for
others to startup and take business away from the current businesses.
> Solution: Start a business with built in downside controls.
Thats nothing like a 'solution'
> This is what practical entrepreneurship is all about.
Nope. Its actually about doing it better than your competitors and
hope that someone else doesnt work out how to do that to you too.
> That is the theory behind Thriving in a Global Economy
Just more mindless glib shit.
> diversify your revenue streams, spend the most time on marketing,
> get paid in cash where you can, and set realistic goals!
Just more mindless glib shit.
> I deliver Thriving in a Global Economy as a downloadable screencast for a tip of $3!
That mindless shit isnt even worth that, spammer.
> Order today and stop giving yourself false dreams!
Go and fuck yourself, spammer.
clams_casino
>
>Order today and stop giving yourself false dreams!
You do realize commercial spam is prohibited by charter on this newsgroup!.