Identify Successful And Unsuccessful Businesses In Your Community

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Regardless of our need for them, many small businesses fail within their first five years. Why is this so?ignment 1. Identify several successful small businesses in your community. 2. Identify one small business that has failed. 3. Gather enough information about those businesses to answer the following questions: What . - The worst part about a failing business is that the entrepreneur is unaware of it happening until it is often too late. It makes . The concepts laid down in your business plan will help you to convince your bank to give you the loan you need, or to determine the best marketing strategy for your business. Don 't .As an entrepreneur your success or failure will be as a result of how well you maximize your strengths. Your strengths are those Also, as your business begins to grow, don 't become one of those who start showing off the success of their business by acquiring unnecessary symbols of wealth. Place yourself on salary, this . - Successful people continuously learn; unsuccessful people fly by the seat of their pants. The only way to grow as a person, professional, and leader is to never stop learning. "You can be a step above your compe.ion and become more flexible because you know more," he writes. "If you just fly by the seat .

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