8 Out Of 10 Businesses Fail In the First Year
Written By :
The main reason for success in any business is the vision and the hardwork that helps you to keep getting ahead. But, as many as 8 out of 10 businesses suffer because of lack of vision and commitment. If you are not having a farsighted approach, your business is likely to go down which is been the case with the most businesses that have started and crashed pretty badly.
Here are the five reasons :
1. Lack Of inspiration:
Inspiration comes by seeing a lot of things and provide times to think. Lack of inspiration will leads to failure in business.
To all the budding entrepreneurs, Joe Clarence & Jocelyn Calista are the biggest examples of how your smart vision can help you.
Since kid, they already followed travelling and seeing a lot of places also many kind of business with their Mom.
That’s all help them to have more inspiration about business.
These kids are the youngest entrepreneurs that have changed the thinking of world about students.
They have also encouraged other Studentpreneur by their exemplary services and are the youngest millionaire by owning a Famous Food Franchise that has got its branches all across the world
2. Limited use of technology:
Failure to make use of technology is another reason why you fail in a business and inculcating Multimedia tools in your business can work very sharply in your favor as it helps to get the attention of a wide number of customers that love to see something special in the products.
3. Not getting the right training:
You must be having good knowledge and training to succeed in any business and when you are not having right training, your business is likely to fail. The youngest entrepreneurs have also started a School Holiday course which will help the students worldwide on how to be a successful businessman at such an early age. They also help you to inculcate technology in your business which most of new comer fail to do thus having no success with their business idea.
4. Lack of branding:
Another reason behind the failure of the business is the lack of branding and here Joe Clarence and Jocelyn Calistas make use of the animation characters in their Franchise Mall Business that make it now known well by world wide. When you partner with Food Franchise – Franchise Mall, you will make use of the Licensed Character that helps a great deal in catching the attention of the customers thus making the job somewhat easier for you.
5. Failure to seize the opportunity:
Last but not the least, failing to capitalize on the Opportunity is another reason why most of you don’t have a successful venture and by letting go an opportunity like partnering with Franchise Mall can be a big mistake if you are looking to deal in the food sector.