The Business Failed, But Did You?

Written by Tim Knox

Continued from page 1

It took a long time and an enormous amount of reflection to realize thatrepparttar business had failed for many reasons, not simply because I was a miserable excuse for an entrepreneur. I wasn't looking to shuckrepparttar 147692 blame so much as simply trying to understand what really went wrong. A few years later when I musteredrepparttar 147693 courage to takerepparttar 147694 plunge again, I did so withrepparttar 147695 knowledge gained from my first failed business. I knew what I had done wrong and I knew what I'd done right. Lessons learned, put to good use. Knock wood, this time so far, so good.

Performing an autopsy on a failed business is a simple process, but one that can reveal a wealth of information that you can use should you ever decide to step out ontorepparttar 147696 business high wire again.

To do your business autopsy find a quiet place where you can sit and reflect onrepparttar 147697 life of your business. With pen and paper in hand (or laptop on lap) write down everything that you can think of that went right withrepparttar 147698 business and alternatively, everything that went wrong. Your goal is to create a "Success" versus "Failure" spreadsheet that will help you better understand exactly whyrepparttar 147699 business went south.

Forrepparttar 147700 autopsy to be effective, it is imperative that you are completely honest with yourself. Shove your ego in a drawer and be completely realistic orrepparttar 147701 autopsy will just become an exercise in futility. You will end up looking for scapegoats instead of reasons.

If your lack of experience was a contributing factor torepparttar 147702 failure ofrepparttar 147703 business, write it down. If your brilliant negotiating skills allowed you to close a big deal and beat out a competitor, write it down. If you were undercapitalized or incorrectly estimated your share ofrepparttar 147704 market, write it down. If you had a partner who didn't pull his weight or a product that didn't sell as well as you thought it would or your building was flattened by an earthquake, write it down. Write it all down.

Once you have allrepparttar 147705 facts in front of you, it's easy to see whyrepparttar 147706 business really failed. You might be surprised to find out thatrepparttar 147707 failure ofrepparttar 147708 business wasn't completely your fault, after all.

Then again, you might discover thatrepparttar 147709 business failure was your fault. If that turns out to berepparttar 147710 case, don't beat yourself up for long. Not everyone is cut out to be an entrepreneur and that's OK.

The world would be a miserable place if everyone sat around whining about their lack of customers or complaining about their employees.

Next time we'll take a look atrepparttar 147711 primary reasons businesses fail and discuss how you might avoid them.

Here's to your success.

Tim Knox

Tim's latest book is "The 30 Day Blueprint For Success!" We asked 58 Top Internet Money Makers: If you lost is all tomorrow and had to start from scratch, what would you do to be back on top in the 30 days? Their answers just might make you rich! -

Buying a New Telephone System

Written by Andrew Taub

Continued from page 1


Major brands, like Toshiba and NEC, sell hundreds of telephone systems a week. This allows them to support systems for many, many years. Major brands make new parts for discontinued systems for 5 to 7 years. This means you will always be able to get parts inrepparttar future. Remember, a telephone system should last at least 10 years, so you need to be sure you will be able to get support for a long time.

Inrepparttar 147673 NY and NJ area, you can go torepparttar 147674 experts at for all your business telephone needs. Teleco is an authorized dealer for NEC and Toshiba business telephone systems in New York and New Jersey.

Over 10 years in the telephone system and network services field. An expert in both telephony hardware and services.

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