Why Some Business Succeed While Others Fail?

Whenever we ask this question we always get the statistics like how 58% of businesses fail their first year and how of the remaining businesses only a certain percentage will survive the second year, and so on. When we ask WHY? Often of the time we just get a vague answer like “that’s just how it works” or “they just do”.  The answer is actually quite simple: lack of knowledge on how to run a business. Here are the top five reasons on why businesses fail and how to make sure yours don’t.

 

  1. Poor Marketing

I’ve seen it happen too many times, a small shop opens and find them hardly selling anything. Sure, they might have the signage in front of their shop; they might even be giving out flyers and still not getting anything sold. Marketing transcends fliers, sign boards, and newspaper ads; Marketing is selling the idea that people need your product or services; getting the trust of the public, telling them that their best interest is your best interest. From as simple as giving free samples or giving a guarantee that you will fix or replace your product if it breaks in within the guaranteed period.  Marketing is essential and must always have a dedicated person or team who manages this aspect of the business learning and applying new ideas.

 

  1. Lack of business planning

Planning is essential in life, you don’t need to follow it strictly; you just need to know where you are going, a goal if you will. Some people plan their day and some plan their week, I keep a planner with me and plan my month to know where I need to be and where I might be in a later date. Businesses as a whole needs goals and plans too, allowing it to have milestones will allow it to keep growing and not stagnate.

 

  1. Insufficient Finance

If you have the money to start the business on your own I highly recommend that you do not take out a loan to start your business, but the time will come that you will need money to grow and cater to your clients. It is essential to develop a good relationship with your bank and proper financial institutions that might be able to work with you to finance new ventures and projects allowing your business to grow properly.

 

  1. No clear Objectives and Vision

Related to business planning but in a larger perspective; Your business must have an objective that you follow overall, be it simply to serve the best tacos or something as grand as to provide the cleanest energy. It is easy to get lost if you don’t have a ultimate destination.

 

  1. Management and Leadership

It is often hard to do but you can’t be a business where there is no clear leadership roles, it is important that there is order and systems that can be and will be followed in order to keep things running in clockwork. If your system works and makes you money then a huge part of your business is your system.

There are more variables that could be the cause for a business to fail, but these are the most common reasons for businesses to fail. It is essential to always keep vigilant and check if everything is functioning properly in your business. Remember it is not just your livelihood, but the jobs of everyone you employ that is on the line.

 

Interesting read on this topic – http://www.forbes.com/sites/ericwagner/2013/09/12/five-reasons-8-out-of-10-businesses-fail/#64f6c0f85e3c

 

Guide on renting luxury yachts in Dubai

parcked yachtWhen you wan to hire some services it will be great if company’s personnel helps you on every stage of the process. The above characteristics totally describe Dubai yacht chartering company. You will need to turn to these guys if you desire to hire a yacht for your holiday in Dubai. You will love service that much that when you are back home you will suggest it to your friends. No wonder, because Dubai yacht rental is a client-oriented command of professionals with considerable experience.

One interesting fact about Dubai yachts is that in the past century the biggest yacht in the world was located here. Now it is the second largest, but still remains a magnificent vessel. All local vessels will take you on adventurous, romantic or exploration trip around the sea. From the board you will all natural beauties including sea inhabitants. This is possible because of the clearness of the blue and green waters in this area. If you want to get acquainted more with it there is an option of diving for you. And this is not the only activity you can do here besides observing the local beauties. Instead of being simply a spectator I suggest you to be an active participant in the sea-life. Jet skiing and dinghy will be perfect for that purpose.

Even if you decide to stay a spectator you will never be bored or regret it since there are unique breathtaking views of exotic nature, some of which were never touched by human. Each year there are more and more people who want to enjoy wonderful UAE sights. It is clearly seen from the record of airlines. This place experienced significant economical and cultural grows over the past decades and now attracts more and more tourists.

For these tourists there is a great choices of places to stay. There are apartments, hotels and villas. Renting apartment is a budget friendly choice. Hotels vary greatly so that every one can choose something for him or herself. And finally there are luxury villas that not everybody can afford. They are quite popular among popular actors and singers and millionaires too.

When choosing a cruise, think thoroughly of your intentions and desires. Your decision will influence the duration of a trip, its content and size of the yacht. If the company is big or you are planning to throw a party then you will definitely require a big yacht. Also if you want to see the sights, explore neighbor islands or do sport activities while in the sea, then you better make a cruise long in order to be able to fulfill all tasks.

Also before going I suggest you to study some information about sailing and yachts and check the company’s website.

Functions of hydraulic car lift explained

Garage-workshopAre you considering the functions that hydraulic systems play in satisfy their fancy? Individuals, who are not pleased with one vehicle, face issues of inadequate area. In order to address this problem, these lifts work. All you need to do is just install them and go on including “wheels” in your individual garage.

The most popular designs of hydraulic vehicle lifts consist of:

They are amongst the most popular designs of hydraulic automobile lift and due to the increasing appeal it has actually gotten ultimately.

“Drive-on” lifts are another type which is similarly popular. In such a case, your vehicle rests on top of strong metal racks prior to it gets well balanced. Regardless of the popularity that this lift’s design boasts off, the treatment remains at par with essential working systems of the hydraulic system.

The “four-post and the two-post” lifts, which have their arms extending under the automobile to raise the automobile at a suspended height. This specific system not simply enhances the readily available parking area, however likewise helps in any kind of repair you may wish to do. For individuals with a tremendous love for their automobiles, fixing it provides them a high which is beyond taking the car to the mechanics. All in all benefits of mot equipment are enormous – getting a four-post or two-post hydraulic vehicle lift is a must if you desire to fix your car.

How Does A Hydraulic Vehicle Raise Function?

Do you understand how the hydraulic automobile lift works? Using force onto the liquid that is fixed at one point, the pressure gets transferred immediately within the entire system and puts an effective effect on another point. Utilizing this standard concept, the hydraulic automobile lift handles to keep the automobiles at a suspended height. The most outstanding feature of this specific system is that the hydraulic fluid does not get compressed no matter the pressure you apply. In location of which, the liquid circulations within the system thoroughly and presses the cylinder to rise the vehicle to a raised height.

They make use of air compressors and sometimes even an electrical motor. Despite the kind of lift individual’s use, the basic concept of working stays the exact same.

Advantages of Hydraulic Vehicle lift

These hydraulic lifts are provided by numerous hydraulic vehicle lift producers in India. Setting up a vehicle lift would be the very first thing to do if you desire to make area for more than one vehicle in your garage with a restricted area. Very first handle the issues of area crunch then satisfy your fixation of including vehicles to your garage.

In specific, the hydraulic lift has actually progressed into a vital demand in a contemporary garage with time. They can change your workshop or your very own house’s garage and immediately improve its capability by making added area to save a lot more automobiles.