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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.



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