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Top 7 Reasons Why Most Business Owners Fail

By Christopher M. Knight

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  1. Failure to have a written plan. Do you have one?

  2. Failure to properly capitalize BEFORE starting.

  3. Failure to have management skills, and not enough time to adapt to the skill needs of a CEO.

  4. Failure to have a vision as to where the company should go. What is your companies vision? Write it down now.

  5. Failure to THING BIG! The size of your organization is in direct proportion to the SIZE of the mind of the owner(s) and/or the primary folks leading the enterprise.

  6. Failure to stay focused. Wide focus = no focus.

  7. Failure to know what the end outcome is. If you do NOT know what the end is, how can you possibly get there? :) Always START first with your END outcome.

This Piece Was Submitted By Entrepreneur, Author, Business Builder and Email/Web/Internet Strategist, Christopher M. Knight.

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Article Submitted On: February 25, 1998