10 REASONS WHY SMALL BUSINESSES FAIL – In English and Spanish

Carlos Bastidas, a volunteer counselor at SCORE Chicago

10 REASONS WHY SMALL BUSINESSES FAIL/10 RAZONES POR LAS QUE UN NEGOCIO FALLA

  1. Lack of Experience · Falta de Experiencia
  2. Insufficient Capital · Falta de Dinero
  3. Poor Business Location · Inadequado Local para el Negocio
  4. Bad Inventory Management · Mala Administración de Inventarios
  5. Over Investing in Fixed Assets · Gasto excesivo en Bienes Raices
  6. Making Bad Credit Arrangements · Malos acuerdos de Préstamos
  7. Mixing Personal and Business Funds · Mezclar los Fondos Personales con los del Negocio
  8. Mismanaging Growth · Mala Administración del Crecimiento
  9. Failing to Respond to Competition · Ignorar a la Competencia
  10. Lack of Sales · Falta de Ventas

Carlos Bastidas is a counselor for SCORE Chicago at our downtown office. He offers counseling both in Spanish and English.

Advertisements

2 Responses to “10 REASONS WHY SMALL BUSINESSES FAIL – In English and Spanish”

  1. SCORE Counselor Reaches Out to Hispanic Community at Erie House « Learned At SCORE Chicago Says:

    […] 10 Reasons Why Small Businesses Fail: In Spanish and English Posted in Business plan, Chicago location, Chicago small business, Clients, Minorities, SCORE counselor, Score volunteer counselor.. Tags: Business plan, Carlos Bastidas, hispanic business, minority business planning, SCORE counselor. […]

  2. jodiekane Says:

    “Mismanaging Growth”

    I think this one often gets overlooked. Contrary to popular belief, not all growth is good growth. A lack of growth can scupper a business, true, but too much growth can be just as dangerous, perhaps more so. I’m no business owner and I doubt I ever will be, but I’d imagine that it’s much easier to come up with some kind of strategy to kick-start growth than it is to restrain growth that’s sweeping you along. Growth is good, so long as it’s on your terms.

    On the other side of the coin, holding onto the the small business feel when you’ve outgrown it is dangerous too. The small business feel is nice and it should be enjoyed, but there will usually come a time where you have to let it go. You’ll be very aware that your business is changing and that might feel bittersweet, even a little bit threatening. You might have to employ more people, you might have to bring in SAP Business One for the accounts, when you’d always used Excel. You might have to introduce new policies and procedures that would never even have occurred to you at the beginning.

    But if you’re having to make these changes, that means you’re doing well. And it doesn’t mean that your company has to become on of those blood-sucking corporations that cares about nothing other than its own existence. That kind of thing is always within your control, no matter how many changes you have to make.


Comments are closed.

%d bloggers like this: