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Want To Know Why You Are A Failing Entrepreneur?
Written by: Lee ListerArticle Overview: You are working hard at your business but don’t seem to be getting anywhere? Want to know why?
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Free Download - What Type of Business Should I Start? By Lee Lister |
Want To Know Why You Are A Failing Entrepreneur?
You are working hard at your business but don’t seem to be
getting anywhere? Want to know why?
Well you could be one of these kind of failing
entrepreneurs:
Unfocussed: Are you rushing around and getting no
where? Are you splashing out marketing
money all over the place? Do you have
loads of products but precious few sales?
If yes to any of these you are probably unfocussed. If you see one idea, work away at it then
dash onto another idea, then you need to calm down and focus just on one idea
at a time.
Sit down and plan out what you want to do in the next
year. Take on two projects at the
most. Define what projects you want to
do, what products they will sell and what you will need to do to get them
sold. Now define your marketing strategy
and get going on these projects. Now if
other projects or ideas come up that appear interesting then you need to once
again sit down and see you can merge these ideas in with your chosen
projects. If you can’t – will it still
work or be available next year? If so
plan it for next year. If not – then can
you use your existing project work? Can
you tack it onto the work you are doing this year? If the answer is no to both of these then
think very seriously. If you start and
then stop a project you are effectively throwing away the project work you have
done so far. No one can effectively and
profitably manage too many projects at once.
If you really, really must undertake the new project can you take on
staff to do it and still make a profit? If
the answer is no – then the new project is probably not for you.
Unplanned: Do
things come at you unannounced? Do you
seem to be for ever fire fighting or getting over the next disaster? Do you not know where you are going to be
next month or what you need to do to be a success? Then you are working unplanned. Sit down a write a good business plan, keep
to it and update it regularly. Write a
monthly “To Do” list and keep to it, adding to it as you go along.
Underfinanced: Are
you likely to run out of money soon? Are you stretching your resources too
thin? Then you are probably
underfinanced for the work that you are trying to do. When you decide to produce more products or set
up a new marketing initiative you need to ensure that you have enough money to
pay for them. If you are at the start of
your business then you need to ensure that you have enough funding to make it a
success and to survive the first few months.
Producing a business plan and undertaking a benefit analysis']);"> cost benefit analysis are
both good skills to learn or have undertaken for you.
Good luck.
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About the Author: Lee Lister RSS for Lee's articles - Visit Lee's website Lee Lister is a Business Consultant with more than 25 year's consultancy experience for many household names. She is known as The Bid Manager or The Biz Guru. From an early age she began an unparalleled journey through business consulting that continues to span across the UK, USA, Europe and Asia. She has consulted for a considerable number of companies all over the world. Specialising in business change management, start up consultancy and trouble shooting. Lee's experience in marketing and internet marketing is also keenly sought after. She is a prolific published writer of books, ebooks and articles and can easily be found on major search engine and Amazon. Her books include: FastTrack Bid Management, Proposal Writing For Smaller Businesses, How Much Does It Cost To Start A Business, Entrepreneur's Apprentice and a series of Start My New Business books that do as they say in the title! Her major web sites are: Click here to visit Lee's website A Website thats not for a Small Business Surely Article Writing for the Nervous Buying A Web Site On An Auction Site And Why It May Not Be A Good Idea Writing PQQs the First Step to Winning a Tender The Bad Customer How Do You Recognize The Customer Who is Harming Your Business |
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