Failure vs. Success

Five Reasons

failure

Business failure….business success. Here’s five reasons for both:

  • Inexperience – experience
  • Poor interpersonal skills – good people skills
  • Minimal financial knowledge – solid understanding of profit and loss
  • Average customer service – outstanding customer care
  • Mediocre products – excellent products and execution

Business is complicated. For the most part, the above reasons are the “soft side” of business and often more difficult than inventing some new innovative product/service. As part of a long-term strategy….these five elements need to part of that strategy.

Looking back….we did all five well.

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