The short list (for the even shorter list just follow through the underlined phrases...):
For a deeper analysis, head over to Goltz's excellent article + bonus insightful comments from his readers.
Sunday, December 2, 2012
In an excellent NYT article from January 2011 Jay Goltz lays out his top 10 reasons for small business failure.
The short list (for the even shorter list just follow through the underlined phrases...):
Business is mathematically challenged - i.e. insufficient demand, too much competition.
Owners do not step down when time comes.
Sometimes less is more.
Poor accounting.
Cash flow (btw #1 reason businesses fail overall...).
Operational mediocrity.
Operational inefficiency.
Dysfunctional management.
Lack of succession plan.
Declining market.
For a deeper analysis, head over to Goltz's excellent article + bonus insightful comments from his readers.
The short list (for the even shorter list just follow through the underlined phrases...):
For a deeper analysis, head over to Goltz's excellent article + bonus insightful comments from his readers.
Thursday, November 29, 2012
The late Zig Ziglar on Failure
Zig Ziglar died yesterday, November 28th 2012, at the age of 86. One of the greatest sales leaders and motivational speakers of all time, Zig built a following of millions anchored in a publishing and speaking empire that spanned continents. I hear he was a pretty good guy all around.
Zig Ziglar wrote, "Remember that failure is an event, not a person."
Doesn't that just capture the whole essence of failure??
Zig Ziglar obituary at The Examiner.
Zig Ziglar wrote, "Remember that failure is an event, not a person."
Doesn't that just capture the whole essence of failure??
Zig Ziglar obituary at The Examiner.
Saturday, November 24, 2012
Slideshow - The Failures Behind 10 Success Stories
Slideshow from Baseline - The Failures Behind 10 Success Stories
Business Failure and Why its Crucial to Success
"The beauty of epic failures...
They're painful.
They're humiliating.
And sometimes they're exactly what you need."
...thus starts a March 2012 article in Inc. magazine.
Worth a read.
The beauty of epic failures.
They're painful.
They're humiliating.
And sometimes they're exactly what you need."
...thus starts a March 2012 article in Inc. magazine.
Worth a read.
The beauty of epic failures.
Theory and Case Studies on Business Failure
A bit of theory and a few cases on business failure from the Times 100 compendium of business cases.
Wikipedia's Long List of Business Failures
Turns out Wikipedia has a long and interesting list of major and well-known companies that had failed, going back to the beginning of the 20th century. Click here to see.
Monday, November 12, 2012
From WSJ - A Trial of Failure
Blogging for WSJ, Osterwalder, author of Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers
, pens A Trial of Failure
, pens A Trial of Failure
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