Advertising
Advertising

Why Most Businesses Fail

Why Most Businesses Fail
why most businesses fail

    Starting a business is no easy task. Outside of the actual factors associated with running your specific business, you have the actual lifeblood of the company, expenses and profits, to worry about.

    Advertising

    Finding the balance is difficult, especially starting out. MarkTAW.com have put together a theoretical business model that makes it pretty clear how uphill the battle actually is.

    Advertising

    It’s common lore that 9 out of 10 new businesses fail each year. I suspect the number is much higher than that, those stats are probably gathered from tax records, and most new businesses never reach the point where people claim them on their taxes. The odds are probably closer to a thousand to one. There’s good reason for this – starting a new business is much harder, more time consuming and expensive than most people think. We pin our hopes and dreams on our ability to beat the odds, and we mistakenly believe that starting our own business will be easier or more enjoyable than working for someone else. For 999 out of 1,000 people, this simply isn’t true.

    There’s some help in there, I promise. It doesn’t hurt to realize how behind you are from the get-go, though.

    Advertising

    Why Most Businesses Fail (A Theoretical Model) – [MarkTAW]

    Advertising

    More by this author

    How Not To Suck At Socializing – Do’s & Don’ts Ten Ways to Improve Your Quality of Life How To Initiate Conversation 8 Steps To Continuous Self-Motivation Storage Ideas For Small Spaces

    Trending in Uncategorized

    1Book summary: A Technique for Producing Ideas 2Book Summary: The Power of Habit in 2 Minutes 31 Minute Book Summary: 59 Seconds 42 Minutes Book Summary: Thinking Fast and Slow 51 Minute Book Summary: Always Hungry?

    Read Next

    Advertising
    Advertising

    Last Updated on August 15, 2018

    Book summary: A Technique for Producing Ideas

    Book summary: A Technique for Producing Ideas

    Kirby Ferguson has written a summary for the book A Technique for Producing Ideas. Generating good idea is a fine art, if you have mastered it you will be successful in many fields. The author of the book, James Young, describes five steps on a technique of combining old elements together:

    • Gather new material, both specific and general.
    • The Mental Digestive Process
    • Drop it
    • Poof, the idea appears
    • Work it

    Kirby also brought out his own thoughts – drop down every ideas you have in mind – You mind is not always as good as paper and sometimes it only stays for a short period of time. After you’ve dropped your ideas into your notepad, you will also have extra chances of linking and modifying your ideas together.

    Advertising

    Book summary: A Technique for Producing Ideas – [Goodie Bag]

    Advertising

    Advertising

    Read Next