Ir al contenido principal

Mauro Libi: 5 reasons that business project fail





     Unfortunately not all entrepreneurship projects culminate successfully, because a good percentage of businesses that with joy their entrepreneurs open their doors must close them later, immersed in a great sadness. Why do projects fail? Here are five reasons:

1. To think that there is an excellent budget: At the beginning of every business, it is necessary to have capital to open it, but it is also absolutely necessary to have a budget that makes it viable to function during the first stages of the business, when it needs to be stabilized and when sales are not sufficient to cover operating costs. When it is clear with regard to budgetary constraints, it is possible to plan to obtain new sources of financing. It can also help establish a strategy to motivate the workforce to work to increase productivity and sales. It also helps to increase awareness of operational costs in order to minimize them, simplify processes.
 
 2. Not having the right talent: Workers are the main and most important partners with an entrepreneur or enterprising, are their best allies and, therefore, it is necessary that the staff is the most suitable, the best qualified. Not everyone serves everything, there are skills and abilities that some possess and others do not. So, when selecting the employees of a new business you have to be very careful to be successful in the election. The entrepreneur or enterprising must be honest with his workers and with himself. Seeking support from a talent agency may be the best way to capture the best staff.

3. Bad ideas: Because of the enthusiasm of starting a business, many entrepreneurs fail to realize when an idea is bad. The stubbornness of a particular idea, the refusal to see the mistakes, its weaknesses is a path that leads directly to failure. What is relevant is to disconnect from an idea when everything indicates that it is not working. Remember that it is practically impossible to turn a bad idea into a good one. That is a waste of time.

4. Leave the decisions in the hands of a committee: Many organizations put the responsibility of making the most important decisions in an expert committee. This is not always the best idea, because reaching agreements is very uphill. The singing voice must have a person, who in the end makes the final decision based on the advice and observations provided by others.

5. Do not stand out those responsible for projects: Often in organizations tends to minimize the figure of the project leader. This creates confusion at subaltern levels, who usually do not know who to listen to. The members of the work teams have to know who is certainly at the top of the projects.



Visita:
http://maurolibiempresario.blogspot.com/
http://maurolibithinkingforbusinesses.blogspot.com/
http://maurolibivenezuela2015.blogspot.com/
http://maurolibicaracas.blogspot.com/
http://maurolibivenezuela.blogspot.com/
http://maurolibicrestaniempresariodeexito.blogspot.com/
http://maurolibicrestani15.blogspot.com/

Sígueme
@maurolibi12
Facebook
Linkedin
http://www.mauro-libi.com

Etiquetas:

Comentarios

Publicar un comentario

Entradas populares de este blog

Mauro Libi Crestani: Change initiatives are not just whole scale business transformations

By  Mauro Libi Crestani.  Business hire management teams to figure out new ways to solve customer problems, improve products, create new revenue streams, and reduce costs. This involves creating new ideas for change. Technology, innovation, products and the way of doing business means coming up with new ideas for staying competitive in today’s quick moving market. Every change starts with an idea—a vision of what could happen to create a tangible benefit for an organization. But ideas are not enough. Change initiatives are not just whole scale business transformations. These make-or-break moments can also be leadership changes, restructurings, culture changes, system implementations, operational excellence programs, workforce programs or new market expansions. This involves time and money. Given all the investment in change and its importance to a company’s future health it is important to take note that….. A seminal study by Harvard Business School professor emeritus John P.
Publicar un comentario
Leer más

Mauro Libi Crestani: Negative attitude can destroy your career and personal life

I once went into a car dealership for a car purchase. I was meet by a salesman who was dressed in a well ironed suit and he had the biggest smile. He introduced himself by name and he asked for my name. He offered me something to drink as we discussed my desires in a car.  Let me assure you, that you came to the right place. He had been with that dealership for years. His customers stayed with him each time they wanted a new car.  I was told that this car dealership was about positive attitude. The salespeople , the finance  department , the service department all had to be positive that their customers were treated with the best service and that all their needs and concerns were listened to and acted on. I felt so positive that this was the place for me.  I have a married friend  who in sales. He is always depressed and always quiet. He is my friend and I once went to him to purchase his product for my company. He was telling me how sales were down, that he was not sure that he w
Publicar un comentario
Leer más

How does technology help in business communication?

One of the elements which has undoubtedly worked to support our growth, expansion and excellence projects in the last years, has been technology applied to business communication. I still remember when everything was reduced to memos, billboards, advertisements, photos and one or another printed publication in order to communicate inside the company; at the same time absolutely massive Advertising in existing media was in charge to go to the great public which included our customers and prospects.  Today we can say that with the advance of humankind, communication needed is also appearing. And our times make use of digital communication to improve business processes with more efficient and functional ways which allow more interaction, and overall, business productivity. Technology in communication expressed in the use of Internet, and with it, the Web, social networks, e-mails, multimedia resources (videos, infographics, memes, podcast, live broadcast, etc.); joined wi
2 comentarios
Leer más