"If you do what everyone else does, don't be surprised when you get the same result."

To understand how to make a business succeed, you need to recognize what makes a business fail. A good executive is one who can prevent problems, not solve them.

Executives need to know:

Why a business fails

Warning signs of failure

Why there is no growth

Why strategies fail

Why do a business Plan

Why entrepreneurs succeed
     

Confidentiality: Our services are strictly confidential. If requested, we can work in the background, unknown to your staff, management and customers.

  
  Why a business fails:  
     
 
  1. Management lacks the essential business skills.
  2. Management lacks leadership skills.
  3. Management inconsistent in decisions.
  4. Inability to change.
  5. Lack of vision.
  6. Unable to provide employees with direction.
  7. Over-diversification.
  8. Lack of an adequate business plan.
  9. Failure to use the business plan.
  10. Lack of clear attainable goals.
  11. Failure to communicate, and enforce the business plan.
  12. Inadequate financial plan.
  13. Lack of funding.
  14. Excessive overhead.
  15. Negative cash flow.
  16. Inefficient and inadequate systems and procedures.
  17. Poor controls.
  18. Underestimating the competition.
  19. Low-level of customer satisfaction.
  20. Not knowing what the customers want.
  21. Not knowing what the customers need.
  22. No repeat business.
  23. Poor quality product or service.
  24. Not knowing the real product costs services being sold.
  25. Dependence on one product, customer or supplier.
  26. Not knowing the costs of hiring employees.
  27. Ineffective marketing, advertising, and promotions.
  28. Failure to adapt to market changes.
  29. Poor location.
  30. Government red tape.