There is a school of thought that almost one hundred per cent of businesses fail due to one main reason the owner or management team. The highly successful have a fixation on three main things.
So this begs the question, “why do businesses fail?”
It is possible to hear a variety of reasons why the business has failed amongst conversations between friends in almost any pub in the country,e.g.the bank pulled the plug, the product wouldnt sell, couldnt keep the customers, a key customer refused to pay etc.
The real reason, however, is managerial incompetence it is the managements job to look after the above, no one elses. It is common for many businesses to blame everyone else but themselves for the unfortunate situation.
Conversely, the majority of business successes tend to take full responsibility. They dont use victim language to describe their predicament they watch, they decide and they take action.
So what are the three things that successful businesses focus on?
Strategy
Marketing
Teams
This does not suggest that other factors are ignored such as finance and product, but rather that these fields...
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