Know the challenges, risks before launching a business
Even with a great product idea that has gained traction with customers, founders face daunting challenges.
Successful entrepreneurs have taken significant personal risks to start and grow their businesses. Before moving forward, they should have evaluated each major risk and recognized the potential consequences of their decisions.
Entrepreneurs might encounter several perilous situations.
Consider the odds of success. Based on research data from hundreds of thousands of startup firms from a dozen industries, more than half will fail within the first three years. Of those that remain, about one-third will make a profit, another third will break even, and the balance will continue to lose money.
After 10 years, only a handful of companies will still be in business.
There are numerous causes that can end the dream of a business builder. The most devastating are: not enough customers, insufficient revenue, formidable competitors, a shortage of cash, poor execution of a business plan, uncontrolled expenses and minimal gross margins.
This is a good time, meanwhile, to bring up one of my biggest flying pet peeves: those occasions when, prior to landing, a flight attendant announces, "Ladies and gentlemen, we have been cleared to land. Please ensure your tray tables are stowed and
This was/is a civil war but now good people in the west have been manipulated into arming one side and bombing another. The rebel leadership has blood on it's hands (past and present), and Nato is only the military arm of the west political machine.
