Posts Tagged "business failure"

Why It Is Great To Fail

Posted by on Mar 9, 2016 in Blog

Why It Is Great To Fail

Think of that person you know who has done everything right, tasted success after success, learnt a plethora of valuable lessons, and is satisfied with where they are today. Having trouble thinking of who fits the bill? Probably. More likely, if you do indeed know someone who has “done everything right”, they are currently sitting in the cul-de-sac of mediocrity, wondering why they have not witnessed anything innovative or exciting for quite some time! Now, think of that person who chases their ideas to the nth degree, involves those around them in their plans before really knowing what they entail, and is creating a legacy of spectacular successes and lengthy footnotes of rather cringe-worthy failures. That person is a real innovator. That person changes the world. That person someone who can run with their ideas without knowing for sure if they will work out or not, but know that it is worth the effort to discover the outcome. That brave (and perhaps, in retrospect, occasionally foolish) person knows that failure is not the worst thing that can happen. They know, in fact, that failure with one idea can be the secret ingredient necessary to stir up another, more incredible...

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Will Your Business Fail?

Posted by on Apr 16, 2013 in Blog

Will Your Business Fail?

Smart Company reports that small and medium-size businesses are most likely to fail because of an inability to manage costs or anticipate rising costs, according to a survey of more than 1000 Australian owners of small and medium enterprises (SMEs). Some of the other results were very interesting, too. 61% of the SME operators surveyed believe that small businesses fail because they don’t know how to manage their costs while 50% blame either inexperienced management or poorly designed business models. Almost 35% blame failure on operators not having enough time to manage their accounts. When you began your business did you seek professional advice on how to structure the business and how to manage your finances? If you answered “no” you aren’t the only one. Other surveys on similar topics have discovered that most business start-ups focus on the work rather than their business model. So what happens when you haven’t properly structured your business, have no clear idea of cashflow and finance and just want to get out and do the work your business is supposed to do? Your business fails. No matter how great you are at what you do, how desperate the market is for your...

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