Highly
creative entrepreneurs often build a business from scratch and do
extremely well quickly, expand rapidly, only to see their business
suddenly fail.
There
are three major reasons for such failure.
Many are poor planners from the start. They often lack an
efficient business plan, to guide them in their financial
start-up planning.
Plus,
they lack sufficient funds. Because of poor planning many
entrepreneurs are in the dark about the amount of capital they will
need.
And relatively few are capable of managing a rapidly expanding
business, or getting an adept manager who can. (See
the Earl J Weinreb NewsHole® comments.)
No comments:
Post a Comment