Post by account_disabled on Mar 7, 2024 0:40:18 GMT -5
Business failure is a difficult topic for most businesses to deal with, however, ignoring the warning signs is a sure way to end up on the wrong side of business survival statistics. The figures are alarming, 80% of small commercial businesses fail before 5 years and 90% do so before 10 years of life. It does not seem like a very encouraging scenario for entrepreneurship but the truth is that, even so, there are companies that succeed , which makes us continue to believe in the possibilities of small businesses. An own business can give the possibility of obtaining income according to our abilities and effort, at least in theory. If you manage to create a good business system, the reward will be to enjoy a better lifestyle in every sense. Furthermore, having our own business gives us the opportunity to develop our full potential by having to face challenges, strengthening our knowledge and skills .
This personal development and the freedom that owning your own business can provide generates a satisfaction that can hardly be achieved any other way, which is what makes it so tempting. But to reach this goal there is a long Paraguay Mobile Number List way to go... When asking about the reasons that have led to closing a business, we generally find external causes; the crisis, there is no money, lack of institutional support, lack of financing, official obstacles, too much tax burden... All this is true, but despite this there are companies that survive, grow and even become large companies after a few years. What do they do differently? Surely, they have a different way of facing challenges. When a business fails, the entrepreneur usually does not realize what is happening until it is too late, some live in denial, while others are unaware of their mistakes.
What is certain is that management has a large part of the responsibility in this and it is important to know how to assume it. That the success of a business depends more on the entrepreneur than on external circumstances is great news because it means that we have some control over it, we can avoid mistakes or learn from them. We cannot control macroeconomic factors; economic cycles, recessions, wars, natural disasters, public debt, inflation... However, there are many examples of companies that have succeeded after starting in bad times. Starting a business is not easy, if it were easy everyone could do it, the life of the entrepreneur is relentless, the constant challenges and the factors on which the survival of the business depends are very varied and changing. Give your business a chance by knowing the most common reasons that lead to business failure.
This personal development and the freedom that owning your own business can provide generates a satisfaction that can hardly be achieved any other way, which is what makes it so tempting. But to reach this goal there is a long Paraguay Mobile Number List way to go... When asking about the reasons that have led to closing a business, we generally find external causes; the crisis, there is no money, lack of institutional support, lack of financing, official obstacles, too much tax burden... All this is true, but despite this there are companies that survive, grow and even become large companies after a few years. What do they do differently? Surely, they have a different way of facing challenges. When a business fails, the entrepreneur usually does not realize what is happening until it is too late, some live in denial, while others are unaware of their mistakes.
What is certain is that management has a large part of the responsibility in this and it is important to know how to assume it. That the success of a business depends more on the entrepreneur than on external circumstances is great news because it means that we have some control over it, we can avoid mistakes or learn from them. We cannot control macroeconomic factors; economic cycles, recessions, wars, natural disasters, public debt, inflation... However, there are many examples of companies that have succeeded after starting in bad times. Starting a business is not easy, if it were easy everyone could do it, the life of the entrepreneur is relentless, the constant challenges and the factors on which the survival of the business depends are very varied and changing. Give your business a chance by knowing the most common reasons that lead to business failure.