Why /Businesses Fail?

Written by Jim M. Allen


Businesses fail for a great variety of reasons, but some reasons are more common than others. Columnist Doug Hood, inrepparttar September 2000 issue of INC. Magazine, provided what he finds to berepparttar 106536 ten most common reasons that businesses fail. They are:

1. Lack of planning

2. Lack of experience

3. Insufficient capital

4. Wrong location

5. Heavy competition

6. Uncontrolled growth

7. Seasonal business

8. Tax issues

9. Fraud

10. Management turnover

While there can be a number of causes and root problems for each of these issues, I think it really boils down torepparttar 106537 number one reason onrepparttar 106538 list: LACK OF PLANNING.

10 Tips on Leading Teams in the 21st Century

Written by Jim M. Allen


In our ever-changing business world, one thing that rarely changes in our desire to create successful business teams. However, team building and team leading techniques do change. You can't lead a team inrepparttar 21st centuryrepparttar 106535 same way you did inrepparttar 106536 last century -- not if you want to have a winning team, that is.

Here are ten tips on team leading that I've collected from some of today's most innovative leaders...

1. Make sure that your team is a team, and not a group.

There is a difference... Do you know it? If not, try reading The Top 10 Key Differences Between a Team of Individuals and a Group of Individuals at TopTen.org.

2. You don't build a team. It builds itself.

What you can do, however, is createrepparttar 106537 environment forrepparttar 106538 team to flourish and assemble itself.

3. Team members must share a vision.

Team members must value a win forrepparttar 106539 team more than they do a win for themselves.

4. Keep your teams as small as possible.

Big teams are difficult to lead and have more problems communicating a shared vision.

5. Teams must be able to think and act fast.

Cont'd on page 2 ==>
 
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