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business failure

For Your Company’s Sake, Quit Making These 6 Common Mistakes

by / ⠀Startup Advice / July 10, 2019

Owners of small and medium businesses never expect to fail, but every year, thousands of companies close shop, anyway. Reasons for failure vary from cash flow problems to poor product-market fit, but in many cases, company leaders could have avoided the worst if they’d known what to expect. Keep an eye out for these common mistakes so you can prevent them: 1. Failure to Delegate When you start…

Why Failing Can Be Good

by / ⠀Entrepreneurship Startup Advice / November 9, 2013

Your business is a flop. These words are every entrepreneur’s worst nightmare.  These words can be replaced with: Your business is bankrupt. You’ve failed. Maybe you should throw in the towel. These words sting, and I can tell you that from a first-hand basis.  Over the years, I’ve had multiple businesses fail on me.  But for every failure, I’ve gained priceless knowledge and insight which has helped me…

Top 10 Reasons Why Your Small Business is Failing—FYI, They’re All About You

by / ⠀Startup Advice / April 17, 2013

Let me guess. You began your small business with a bottomless pit of hope, enthusiasm, and energy, right? You were downright unstoppable. Then, one day you woke up and realized that “it” should have happened already. You and your business should have already “made it.” Perhaps you’re running out of capital or maybe your passion for your business is fizzling fast. Whatever the circumstance, it’s time to pull…

Fail to Plan, Plan to Fail

by / ⠀Startup Advice / March 28, 2011

Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success. ~Pablo Picasso There are many reasons why a business fails and at times having nothing to do with anything the owner had any control over.  These things are going to happen, that’s just how life goes…

Why Business Failure is Vital to Success

by / ⠀Startup Advice / February 9, 2011

The perception of a business failure A business failure is a negative and depressing event, one without any value, something that most entrepreneurs would soon want to forget and wished never happened.  The results of a failed business will include a great deal of stress in many areas of one’s life; personal, professional and financial.  After sacrificing so much of your time and energy trying to turn your…

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