Wednesday 10 December 2008

Have You Ever Asked Yourself Why Most Businesses Fail?

Julian T Rowe in his article SME Managerial Incompetence and the Pitfalls to Avoid says (quoting me!),
"Have you ever asked yourself why most businesses fail? In the UK on average two thirds of all businesses fail within 3 years. This is a horrifying statistic. Most business failures tend to blame everyone else but themselves for their misfortune..."

He goes on to point out that "SMEs need an 'early warning system'"

RELEVANT LINKS
Julian T Rowe
SME Managerial Incompetence and the Pitfalls to Avoid

3 comments:

Anonymous said...

My dear friend the pro-active accountant has placed a link on his site where you can read the 65, yes 65 most common reasons a UK business fails:


Karin H. (Keep It Simple Sweetheart, specially in business)

Anonymous said...

I agree that an early warning system is vital and i am a great believer of KPI's. As a business coach i would say that KPI's are the single most powerful strategy that i introduce to my clients they really get you orking on the business rather than in it.
Check out this KPI article:-

http://yourbusinessbooster.com/category/management-tools/

Richard Lockyer said...

I agree that an early warning system is vital and i am a great believer of KPI's. As a business coach i would say that KPI's are the single most powerful strategy that i introduce to my clients they really get you orking on the business rather than in it.
Check out this KPI article:-

http://yourbusinessbooster.com/category/management-tools/