3 CAUSES OF BUSINESS FAILURE
It is almost certain that the concerns of everyone who runs a business are fearful of failure in the middle of the road. Moreover for those of you who have not started, the fear of failure to dominate more than the confidence will achieve success.
Every success is a pattern, and so is failure. If so it's good we find out the patterns of failure so you can avoid the phobia.
3 causes of business failure:
1. Often Delay
This custom turned out to have a profound impact on business. Remember, that a business owner will have no control from the boss. Because he himself is the real boss. Finally, there are often many businesspeople who can not control their self-discipline.
Habits often delay will make you miss the various opportunities and golden opportunity in sight. Keep in mind, when you lose money, it can still be searched for a replacement. But if you lose momentum, then you lose everything. We all know that time can not come back.
Many people fail to pioneer a business not just an inability to get started, but a lot is due to a delay in getting started.
2. Lazy Learning New Things
Learning and doing new things every day is the key to success. By applying these positive habits will make you a person up to date with the latest information.
With the advancement and ease of internet access today, getting new information every day is very easy to do even just via smartphone. But unfortunately many people are not aware of this need.
Is not the principle of lasting business determined from the ability to adapt to the times? This means, a business owner must be able to adjust to the development of information that occurs.
In addition to predicting the market and where the business trend leads, learning new things will make your person more trained to innovate. Because with innovation will give birth to new creations.
3. Not Investing
Talking about investing is not just about investing. You buy new gadgets for customer service including investment. Investing can also be done in the form of adding business assets, purchasing equipment to provide more sophisticated ease, investment for promotion for example, create marketing websites that can reach more prospective buyers or investments for self-development, learning, seminars or training for ourselves or train the people who work for us.
Make an investment in your own business. Let the snowball effect make your business bigger. Every profit in every month, is obliged to allocate funds for investment. In order for money in your business turnaround bigger and continue to grow along with the consistency you invest.
After you have read the above 3 things, hopefully can give warning early before your business stuck, before the opportunity becomes narrower, often evaluate the achievement of business. As much as possible, avoid the things that belong to the above 3 habits that make your business fail.