Saturday, March 23, 2013

Why Businesses Fail.

Businesses fail for a variety of reasons. However, there are two main reasons that businesses tend to bite the dust. The first reason is over thinking your worth. The second is a lack in leadership.

You can think you are better than you are. It happens all the time. Assuming your business is the best will help you lose sight of your competition. And, you should always have your eyes focused on the competition- especially when starting up. I suggest you do a self-assessment. Email your current clients and ask them how you can improve. Ask friends where they think you lack talent. Although this information can sometimes be painful to hear and read, it can help you improve in business and save your company.

Lead by example. Maybe your company is failing because your employees are underpaid and overworked. Are you stepping up the plate when it comes to pitching in. Spending a day helping to file, answer phones or data entry shows your team that you're capable and able. It really does boost morale and this gives you insight into areas that your operations department can improve upon.

Take this weekend to asses yourself and decide to pitch in more within our company. You have to be more than present at work- you have to be involved and self-aware in order to avoid failure.


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