Why some companies struggle, while others succeed and go on to excel is a matter of debate.
But, one thing for sure, 80% of the time, there are recurring patterns.
So, whether your company is in start-up mode or well along its growth-maturity curve, learn how to identify, avoid or correct these challenges:
12 |
Bad business facility |
11 |
Lack of reserve funds |
10 |
Over-expansion |
9 |
An inadequate business plan |
8 |
Poor capital structure |
7 |
Underestimating the competition |
6 |
Ineffective marketing and sales |
5 |
Failure to change with their customers |
4 |
Weak internal business controls |
3 |
Poor cash flow management |
2 |
Incomplete management capabilities |
1 |
Inappropriate employee attitude |
Good and not-so-good attitudes can have profound effects.
Management’s behavior can have both positive and negative influences on an employee’s attitude towards their company.
In turn, this can affect the employee’s behaviour towards the quality of their work and the people they work with.
Values, beliefs and opinions can be quantified and compared to a standard, and then shaped and influenced for the better.