My name is George Patience. I worked for four failed businesses in four years and contained in this manual are what I learned. This, is a collection on why businesses fail.
A quick-thinking, fast on his feet Creative Director found himself as the Founder and CEO of Rocksauce Studios. Q Manning talks about how someone with no formal business training can traverse the tricky new business landscape using determination & trust in his team. Parking & refreshments provided by Graves, Dougherty, Hearon & Moody!
12 Key Mistakes Women Entrepreneurs Make Migrant Women Article Tony Jeton Selimi
In today’s ever changing economy being an entrepreneur is very tempting proposition and a path that can lead to having the freedom, the flexibility, and the lifestyle that goes with it.
Whilst some women entrepreneurs create a reality in which they climb the ladder of success and enjoy the many benefits that come with it, the truth remains, many other women have to face the reality of their present awareness of struggle, working long hours, and becoming fearful of what the future may hold.
For them the dream of building a successful business is very far into their future and out from their reach.
From working with hundreds of women entrepreneurs, I noticed that many of them who approach me for coaching are doing so for two main reasons. Some women are unhappy at work, they lack clarity of what they want to do, and are in the process of leaving their jobs to become Entrepreneurs.
Others, on the other hand already are Entrepreneurs, have an amazing business that they love and have worked very hard to build, but struggle to make meets end, have families that they need to support and lack the necessary mindset, skills and the processes that are required to expand their business.
The common mistakes most entrepreneurs do is that in the early stages of building their business many end up working in the business and forget to re-evaluate and to switch to a new role and start working on the business.
Silently they adopt “I can do it all attitudes” and due to some kind of fears they fail to take the next step and invest in building a team that they can use to delegate low priority tasks and free up valuable time. Time, which they can use to help them focus their energy on the high priority tasks and on the business itself.
Some of you that are reading this article maybe either of these women. You know that to quit, loose or leave a job to be an Entrepreneur is far from easy. You also may be aware of the many struggles, obstacles and the failures women entrepreneurs go through on their journey to climb the ladder of success.
Top 20 tips for entrepreneurship and small businessAhmed Samy
Are you an entrepreneur? or willing to be? Do you have a small business? or willing to have?
A must read presentation containing selected top 20 tips for entrepreneurship and small business
Provided by Eureka Digital
Starting your own business has never been more popular. It might be because you want a better work-life balance, have seen a brilliant opportunity, or are just ready for the exciting, fulfilling challenge of working for yourself.
Whatever your reasons, if you want to succeed you need to get the basics right - whether it's researching your market, raising finance or choosing your premises.
Our free guide, backed by business experts Sage, walks you through the key steps to success.
A quick-thinking, fast on his feet Creative Director found himself as the Founder and CEO of Rocksauce Studios. Q Manning talks about how someone with no formal business training can traverse the tricky new business landscape using determination & trust in his team. Parking & refreshments provided by Graves, Dougherty, Hearon & Moody!
12 Key Mistakes Women Entrepreneurs Make Migrant Women Article Tony Jeton Selimi
In today’s ever changing economy being an entrepreneur is very tempting proposition and a path that can lead to having the freedom, the flexibility, and the lifestyle that goes with it.
Whilst some women entrepreneurs create a reality in which they climb the ladder of success and enjoy the many benefits that come with it, the truth remains, many other women have to face the reality of their present awareness of struggle, working long hours, and becoming fearful of what the future may hold.
For them the dream of building a successful business is very far into their future and out from their reach.
From working with hundreds of women entrepreneurs, I noticed that many of them who approach me for coaching are doing so for two main reasons. Some women are unhappy at work, they lack clarity of what they want to do, and are in the process of leaving their jobs to become Entrepreneurs.
Others, on the other hand already are Entrepreneurs, have an amazing business that they love and have worked very hard to build, but struggle to make meets end, have families that they need to support and lack the necessary mindset, skills and the processes that are required to expand their business.
The common mistakes most entrepreneurs do is that in the early stages of building their business many end up working in the business and forget to re-evaluate and to switch to a new role and start working on the business.
Silently they adopt “I can do it all attitudes” and due to some kind of fears they fail to take the next step and invest in building a team that they can use to delegate low priority tasks and free up valuable time. Time, which they can use to help them focus their energy on the high priority tasks and on the business itself.
Some of you that are reading this article maybe either of these women. You know that to quit, loose or leave a job to be an Entrepreneur is far from easy. You also may be aware of the many struggles, obstacles and the failures women entrepreneurs go through on their journey to climb the ladder of success.
Top 20 tips for entrepreneurship and small businessAhmed Samy
Are you an entrepreneur? or willing to be? Do you have a small business? or willing to have?
A must read presentation containing selected top 20 tips for entrepreneurship and small business
Provided by Eureka Digital
Starting your own business has never been more popular. It might be because you want a better work-life balance, have seen a brilliant opportunity, or are just ready for the exciting, fulfilling challenge of working for yourself.
Whatever your reasons, if you want to succeed you need to get the basics right - whether it's researching your market, raising finance or choosing your premises.
Our free guide, backed by business experts Sage, walks you through the key steps to success.
Vince Stanzione Business Start Up Show Slides 18th NovemberVince Stanzione
http://www.themillionairedropout.com Slides used by Vince Stanzione 18th November talk at the business start up show. Start your own business with £100
£100 Start Up Ideas Vince Stanzione Millionaire Dropout London December 2015Vince Stanzione
http://www.themillionairedropout.com Slides used by New York Times Bestselling author Vince Stanzione. Millionaire Dropout Fire Your boss do what you love and reclaim your life.
Tips on how to turn your hobby into a business. For more information, check out the rest of the lesson: http://grasshopper.com/academy/creating-a-business-idea/brainstorming-company-culture/
This is a presentation that I created that encapsulates a concise list of 60 important things I have learned about creating, running and managing technology startups in Kenya and beyond over the past 15 years or so
Before You Start Your Startup in Kenya - Moses KemibaroMoses Kemibaro
This is a presentation I made to budding entrepreneurs at the Growth Hub In Nairobi, Kenya, on the evening of the 26th September 2013. Its basically a startup primer with pointers on what to expect and other ideas from my own experiences.
"How To Create Your First Six Figure Income In The Home Base Business Arena"Charles Booth
Reveled For The First Time Ever, How You Can Finally Crack The Code And Discover What It Really Takes To Produce Income On Demand With Your Current Business...
This is my personal opinion on why startups fail. Some of the points mentioned here could be unique to India as this is based on my personal experiences, of friends and family and those of people who came to me for guidance.
Mel feller asks if you are in the wrong careerMel Feller
Mel Feller Asks if you are in the Wrong Career
” Passion for your work, a pervasive commitment to quality, and relentless attention to details are essential markers of excellence. Quality work and an appreciation for the importance of details benefit not just the clients a business serves; these attitudes and habits also bring joy and peace of mind to the person who delivers the work. To know how to do something exceptionally well is to enjoy it. “Everything Counts: 52 Remarkable Ways to Inspire Excellence and Drive Results by Gary Ryan Blair
Sales can be a tough career.
We face rejection daily, doing most of our presenting in unfamiliar territory. We know that we are only as good as our last order, meaning that if we don’t sell, we don’t eat. In addition, like every other ‘civilian’ we have bills to pay. On days without results most days for many, it can be extremely stressful.
Vince Stanzione Business Start Up Show Slides 18th NovemberVince Stanzione
http://www.themillionairedropout.com Slides used by Vince Stanzione 18th November talk at the business start up show. Start your own business with £100
£100 Start Up Ideas Vince Stanzione Millionaire Dropout London December 2015Vince Stanzione
http://www.themillionairedropout.com Slides used by New York Times Bestselling author Vince Stanzione. Millionaire Dropout Fire Your boss do what you love and reclaim your life.
Tips on how to turn your hobby into a business. For more information, check out the rest of the lesson: http://grasshopper.com/academy/creating-a-business-idea/brainstorming-company-culture/
This is a presentation that I created that encapsulates a concise list of 60 important things I have learned about creating, running and managing technology startups in Kenya and beyond over the past 15 years or so
Before You Start Your Startup in Kenya - Moses KemibaroMoses Kemibaro
This is a presentation I made to budding entrepreneurs at the Growth Hub In Nairobi, Kenya, on the evening of the 26th September 2013. Its basically a startup primer with pointers on what to expect and other ideas from my own experiences.
"How To Create Your First Six Figure Income In The Home Base Business Arena"Charles Booth
Reveled For The First Time Ever, How You Can Finally Crack The Code And Discover What It Really Takes To Produce Income On Demand With Your Current Business...
This is my personal opinion on why startups fail. Some of the points mentioned here could be unique to India as this is based on my personal experiences, of friends and family and those of people who came to me for guidance.
Mel feller asks if you are in the wrong careerMel Feller
Mel Feller Asks if you are in the Wrong Career
” Passion for your work, a pervasive commitment to quality, and relentless attention to details are essential markers of excellence. Quality work and an appreciation for the importance of details benefit not just the clients a business serves; these attitudes and habits also bring joy and peace of mind to the person who delivers the work. To know how to do something exceptionally well is to enjoy it. “Everything Counts: 52 Remarkable Ways to Inspire Excellence and Drive Results by Gary Ryan Blair
Sales can be a tough career.
We face rejection daily, doing most of our presenting in unfamiliar territory. We know that we are only as good as our last order, meaning that if we don’t sell, we don’t eat. In addition, like every other ‘civilian’ we have bills to pay. On days without results most days for many, it can be extremely stressful.
Covers answers of two majorly asked questions in the field of entrepreneurship and the questions are-
What makes your business unique in 21st century and how can you get success?
Elaborate challenges or threats on entrepreneurship in 21st centuries and how they are converted to opportunities?
10 Most Common Myths about EntrepreneushipMara Mentor
Every entrepreneur needs to be true and honest about their startup route, their skills and ability, as well as their strengths and weaknesses.
Entrepreneurs are known to be risk takers, but for the average entrepreneur themselves, they believe non-entrepreneurs are the most risk-aversive people. According to them the safest path is to take control of their own lives, to construct their own world, and not be dependent on anyone. There is something about their stories which makes people uncomfortable.
An economy that supports entrepreneurship, weakens the profession by wrapping it in destructive myths. A great number of social and cultural myths have been formed around the idea of what it really takes to be an entrepreneur.
- You can be an entrepreneur for one idea or for a lifetime.
- Building your business block by block
- You as business owner, manager and leader
- Your customers: getting, keeping and growing them
- Financing your startup
- Launch your dream business
Every year since 1982, the Inc. 5000 has recognized the fastest-growing private companies in the U.S.
We asked leaders from enterprise software and services companies in the Inc. 5000 to give up the goods and share the most important lessons they’ve learned over the years of their rapid growth.
This is the result of their respected input: lightning in a bottle.
THANKS TO OUR CONTRIBUTORS: Bizo, Beyond.com, HireVue, HubSpot, Madison Logic, Moz, The Nerdery, ReTargeter, and TriNet.
13 Common Entrepreneurial Mistakes Newbies Must KnowElijah Sharpe
Being an entrepreneur, individuals must need to be full of enthusiasm and passion. In fact, the tycoons have to do everything possible in order to make the things move their way. But this does not mean that they always get success, whatever they do. Actually, every entrepreneur’s make some mistakes along the way that will end up costing them.
In reality, little mistakes are the part of life but the thing matter is how entrepreneurs recover from these blunders. Getting back to the business by learning from the mistakes make it stronger. One can learn from the older businesspersons who made some trials and fails at any stage and finally get success. Hence, doing some research and listening to your market in order to understand your niche is crucial.
In this article, 13 members of Young Entrepreneur Council have shared the biggest mistake they made as a newbie. The purpose of sharing these mistakes is that one can save themselves from making the same errors. Below mentioned are a few blunders they said to avoid:
Elijah Sharpe - High performing and dynamic entrepreneur who is working towards, and with breakthrough innovative technologies. Driven to succeed as exhibited through a commitment to startup ventures and business ownership.
Blend of inspiring quotes and practical tips for beginner boot strappers by Boye Hartmann, Danish entrepreneur and business angel. Our favourite tip: "CREATE A LIST OF WHAT NEEDS TO GET DONE. GET THOSE THINGS DONE. REPEAT."
For hard-charging Millennial women – 10 principles for taking no bull. Including: Take Care of Your Future Self, Develop Multiple Income Streams, and more.
18 Secrets of super successful business ownersAndrew Lee
What is it that makes a difference in your level of success? In this presentation for the Entrepreneurs Circle Andy Lee BGA for Halifax and Huddersfield shares 18 key attitudes, beliefs and behaviours that make that difference.
The 10 Most Common Marketing Pitfalls (and How to Avoid Them)Fivestars
When you have about a million other things to worry about when running your business, marketing sometimes gets the short end of the stick. Here, we explore the 10 most common marketing mistakes people make and ways to combat them.
Every day out there in the real brick and mortar world, millions and millions of people drag themselves from the warm, warm beds, take a shower, grab a cup of coffee, and head off to their jobs as they are thinking that there has got to be an easier way to make a living.
Every one of those millions and millions of people knows somebody who has quit the ‘get-up-and-go-to-work’ grind and is making a very good living by working on their personal computers from the comfort of their own homes.
Similar to 23 page manual: Why your business will fail. (20)
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
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➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
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➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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2. ...
PATIENCE GEORGE
1
This is a collection of everything I've
learnt from working with companies
that failed and projects that didn't
succeed.
You might make your own mistakes
but at least, it wouldn't have to
be these ones.
I hope this helps you make better
decisions..
3. A huge part of success is learning & growing from
failure.
Sometimes, it shouldn't be your own failure.
There are mistakes you wouldn't have to make if you
do your research and understand how certain things
cannot work.
Failure to learn from failure is a sure way to fail.
Visit www.failory.com
#BUSINESSESTHATFAIL
YOU DO NOT STUDY
FAILED COMPANIES
2
4. Money will not move your business for
you.
You could have $696B in capital and it
would all slip down the drain if you own a
shitty plan or no plan at all.
You'll lose it to mistakes, repeated
processes, senseless investments &
pointless advertising.
3
YOU JUMP FROM HAVING
AN IDEA TO NEEDING
MONEY.
#BUSINESSESTHATFAIL
5. JUMPING FROM HAVING
AN IDEA TO EXECUTION.
When you have no structure, you cannot
fool anyone. From your customer's first
interaction with your business, they'd
know.
The essence of planning is to create a
structure and most importantly, a culture
your staff and customers can understand
& adapt to.
4
#BUSINESSESTHATFAIL
6. YOU THINK YOU KNOW IT
ALL
What you know is like a glass of water from an
endless ocean of knowledge.
Open your mind to listening to people, their ideas
and opinions about certain things.
If you run your business only on what you know,
you'd lose out on valuable insights which could
send your
business crashing to the ground.
Worst of all, you'd be silencing people you work
with.
5
7. YOU LISTEN TO TOO MANY
PEOPLE
Listening to too many people is as big an issue as
listening to no one.
Everyone, especially family and friends would want
to give their opinion on how things should be.
Know when to listen & when to stop.
If you will not take medical advice from your
mechanic, know who to let influence your business
decisions.
6
#BUSINESSESTHATFAIL
8. YOU HAVE A BAD
REPUTATION
Reputation is everything.
There are people whom probably were full blown
liars, cheats, men/women of no integrity before they
started their business.
If your network of friends cannot boldly recommend
you to their network, failure might be inevitable.
Worst of all, a person with no personal integrity and
good reputation cannot build a business with
integrity and reputation.
A liar in his day to day life will be a liar in business.
7
9. 8
YOU RUN ON ASSUMPTIONS
You launch in full
force thinking your product/service is
revolutionary and needed.
Unfortunately, you failed to realize that consumers
might need Amazon
with their flaws & all but no one would need you &
your supposedly flawless product.
Research & honesty with one's self is important to
the success of a business.
#BUSINESSESTHATFAIL
10. 9
People see businesses that have succeeded in other
parts of the world & they try to replicate it in their
own locale.
Imagine going to the U.S and falling in love with
Nandos. You then assume that everyone would want
Nandos & you create a similar brand in your
community where most people live on less than a
dollar a day.
It'd be totally foolish to apply the same pricing
structure of Nandos because no one would be able
to afford it in your locale.
YOU LEAP BEFORE YOU LOOK
11. YOU DO NOT PAY YOUR
BUSINESS
Especially as young people, the moment
we begin making profits, we're tempted to
splurge and instantly give ourselves the
instant gratification we've always wanted.
If the resources you had could bring you
to where you are now, imagine what more
money in the business could fetch you.
Not just money, knowledge as well.
10
#BUSINESSESTHATFAIL
12. ALL YOU WANT TO DO IS SELL
This is 2019, consumers connect to the souls of
companies & their brand values.
When all you do is sell, you keep going after
customers & clients.
When you build a culture & brand values, they come
to you because they find a connection.
The products might change tomorrow but the
connection would remain.
11
#BUSINESSESTHATFAIL
13. YOU DO NOT TREAT YOUR
EMPLOYEES RIGHT.
Your employees are the engine of your
business. Treat them like shit & they'd treat
your business like shit.
You might think to have robots work for you
in the future but they'd be fatal if you do
not maintain them and give them upgrades
when necessary.
Hit them & they'd malfunction. Overwork
them & same.
12
#BUSINESSESTHATFAIL
14. 13
Same goes for humans. If you do not give
them the necessary physical, moral,
psychological & emotional support needed
to run the business, they'd malfunction
Companies that always replace staff would
face the risk of stagnancy.
#BUSINESSESTHATFAIL
15. YOU GROW THE ENTIRE BUSINESS
AROUND YOU.
A lot of people refer to their businesses as
"my baby".
But this is the thing, I doubt if anyone would
want a child who'd forever be dependent on
them.
If you do not build your business to function
regardless of your presence or absense,
you'll become a slave to your "baby"
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#BUSINESSESTHATFAIL
16. Imagine not being able to take a vacation or
go out with friends just because you have a
20year old who would only take a shower,
eat, or go to school when you're there.
Imagine the horror when you get sick or old
& can no longer be there.
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#BUSINESSESTHATFAIL
17. YOU GET TOO COMFORTABLE 16
Your customers came from companies who
probably were no longer serving their needs
because you had a promise of a better
offering.
Just like you offered something better, there
are people working everyday looking at ways
to create something better & blow your
business out of the water.
Never get too comfortable wherever you are.
Invest in more knowledge, more equipment if
it's needed, better techniques etc
18. YOU ARE RESISTANT TO
CHANGE
17
There will come a time when you'd have to
let go of all you've known and all that you're
used to in order for you to grow and match
up to the ever changing trends.
Humans do not like change but the real
question comes. Will you choose your flawed
default setting over the need to grow &
evolve?
#BUSINESSESTHATFAIL
19. YOU DO NOT LISTEN TO YOUR
CUSTOMERS
18
Your business is nothing without your
customers. Therefore their feedback is very
important.
The feedback they give today is what will
help you build a stronger structure tomorrow.
You need to consciously design systems that
would get feedback from your customers.
#BUSINESSESTHATFAIL
20. YOU'RE FOCUSED ON
BUILDING A BUSINESS NOT A
COMPANY.
19
Businesses exist in the short term while
companies can exist for decades and
centuries.
A business is the area in which a company
specializes in. Overtime, a business's product
might become useless to the world.
It therefore becomes the job of the company
to find a business that'd keep its legacy.
Companies are a combination of abstract &
concrete elements.
21. What makes up a company are her people,
their values, culture & soul.
Hence the reasons why you should treat your
team right, build your company's structure,
create and market her values & give her a
soul.
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#BUSINESSESTHATFAIL
22. YOU LIVE ON DEBT 21
Just as debts are detrimental to the growth
of the everyday human, debts are also
drowning forces for companies.
The oldest company which was about 1400
years before it lost the fight had survived
countless political crises, wars, and natural
disasters. They survived the attempted
eradication of their industry and two atomic
bombs yet, the force that brought them
down was debt.
#BUSINESSESTHATFAIL
23. 22
YOU DO TOO MUCH TOO
SOON
Hiring more staff than is necessary, getting
a space that the business wouldn't be able to
pay for, packing all your ideas into one
business and running them all at once. These
are costly mistakes people make due to over-
excitement and a sense of false optimism.
Start within your means without
accumulating unnecessary operations costs,
manpower & debt.
Save your ideas and release them in phases,
updates & upgrades
24. 23
Your business is meant to be unique.
Creating fixed and unshakable standards
based on what the big guys in the game are
doing will only make you look like some
faded out photocopied document.
At the start, attend to each case/client as
the totally different one that they are.
Give yourself the time to understand how
things would and would not work then from
there, become grounded in a system that is
unique to you and your customers.
YOU START OFF RIGID