In a world and generation where investing has become a very common conception and practice, there are many more people getting into the act with little or no preparation. It is unthinkable that anyone, in his or her right senses will venture into a business, spend time and money, exude energy and maybe even get others involved while planning to fail. No one plans to fail, but at the same time, too many people who are out there starting and running businesses do not plan to succeed either. And...
The worst part of an entrepreneurship is business failure. Watching your hard work, your dream, your many hours of sleepless night just dashed into the thin air. It’s a mystery, its heart breaking, and it’s frustrating worst still you may be rendered broke. But what really causes many businesses to end abruptly? What are the key indicators of business failure? What should new entrepreneurs do to increase their likelihood of success?
The worst part about failing businesses is that...
Like a relationship breakup, divorce or any other substantial form of loss, investment failure is not easy to accept, and it is even more difficult to deal with. The memory of failed businesses could be a nightmare that goes on for days. Sometimes, such failure leads to the loss of hundreds or thousands of dollars. But no matter how small the money put in may be to another person who only hears the story, we must bear in mind that what may sound like fifty dollars to one person could feel like...
One of the hardest thing to do as an entrepreneur is re-launching a business from scratch after a failure. It is just pretty demoralising when something you spend months working on day and night thereby having high expectations from, finally don’t get where you expected it to. Nevertheless what matters is actually how you move from the failure so as to recover. After all success in re-launching a business after failure lies on proper planning. Each and every entrepreneur has failures as...
Starting a business is a risky venture and managing the business is another challenge that is faced by all business owners. It is somehow fixed that one in five businesses do not last for up to five years after creation. However, failure in a business is just a step to the ultimate success of that business. It comes in the form of challenges or lesson or a chance. Like any other endeavor in life, which entails that you practice before you can become perfect, there is also that need for you to...
In every work of life, there is always a leader, be it in a political setup, in an organisation, a business place, company or even the church. A leader is viewed by different people in many ways depending on their own perceptions but lets consider a leader as one who leads, guides, supports, coordinates and follows up the activities of his or her subordinates. Taking up the mantle of leadership comes with a lot of work, and challenges when it comes to bringing people together and making certain...
When someone starts a business around the block and fails, no one but close relatives and friends will find out. The case is entirely different with big businesses. Once a business attains a particular height and becomes popular, the slightest issue it goes through may make headlines. There are several businesses which have been successfully built from a humble beginning but crumbled along the way. You too may be looking forward to growing your business into a giant company some day or perhaps...
There’s no business owner that will be pleased with stunt business growth. Every Business man’s dream is to see that the business attains its highest possible height. In the face of stiff competition and market challenges, it is imperative that business owners revisit their priorities.
Of the many different components and resources of a business, the human resources are most dynamic and important. You may have a large capital and outstanding site or prospects for a business but if...
A milestone is an event or task in a project with zero time period used to measure the progress of a project over time. Milestones are important aspect because they act as gauge and point you to the realities about your overall activities. Every project most has a method for its measurement. This is also true for businesses. Just getting your plan do and trying to put it into play without an outline strategy to measure how far or your rate of success may lead you to your doom.
You know, anyone looking for information on business success has to read so many articles and books with all sorts of titles. The issue is, most of the ideas in these books and articles are far from dynamic and because they have been passed down from decade to decade, most of them hardly seem to work anymore. Times change and while many business are having a hard time adjusting to the changes that come along, others have been around for such a long time, most people cant remember when they...
A business which is also known as an enterprise, a firm or a company is an organization or entity which provides goods and services to consumers. Business can also serve as a form of economic activity and are reputed for being prevalent in capitalist economies where most of them are owned by the private sector. They all provide goods and services which are allocated through a market to customers in exchange for other services, money, goods or the use of some other kind of exchange that is in...
Have you ever ponder or think about building a Software Application (App) or Website for your new startup business? Maybe your problem is that you are not a website developer or have no coding experience or completely lack knowledge in coding? You’re not alone.
Most of the Apps and websites you visit today are owned by people who are not website developers like you. For example, AirBnB’s founders were never programmers; but today they own a billion dollar technology...
The mere possibility of business growth is one thing that keeps so many companies going in the days of their humble beginning. Growth is the aim of every business, or should be. Putting things right and effectively preparing for business growth is quite a different matter altogether. If you are looking forward to growth for your business, it is important that you understand and take the right steps in preparing for the responsibilities, challenges and success that will come your way when you...
It’s the twenty first century and we are far from the days when philosophy was considered unrelated to business. It is in fact an important part of business these days. Practically, every serious person about to start a company today knows they have to settle down and begin with an important part of the foundational work – determining the business code of ethics and company philosophy. It is more like clearly stating what you believe in and are ready to practice or be guided by as...
Thousands of struggles, difficulties and impediments lie ahead of a business. Every day you need to cope with a myriad of chores, and every point needs equal attention to reap success. Arranging a business travel is a complex affair in itself accompanied by the hassles of visa arrangements and it’s challenging to save on corporate travel. Driven by factors like globalization of the world economy and favorable policy and regulations promulgated by the government, India has witnessed a...
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