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21 Reasons Why 80% of All Businesses Fail (from Coach Antonio McCoy)

  • Reason 1…No written plans or goals…Listen here.
  • Reason 2…Poor Time Management…Listen here.
  • Reason 3…Lack of Systems…Listen here.
  • Reason 4…Lack of Knowledge…Listen here.
  • Reason 5…Not knowing the numbers…Listen here.
  • Reason 6…Not understanding the sales process…Listen here.
  • Reason 7…Not representing the business properly…Listen here.
  • Reason 8…Ineffective staff recruiting, training and development…Listen here.
  • Reason 9…Lack of effective prospecting…Listen here.
  • Reason 10…Not fully utilizing your database…Listen here.
  • Reason 11…Not developing a business network…Listen here.
  • Reason 12…Too much focus on the competition…Listen here.
  • Reason 13…Ineffective marketing…Listen here.
  • Reason 14…Inability to adjust to technological changes…Listen here.
  • Reason 15…Poor decision making…Listen here.
  • Reason 16…Lack of Dynamic Leadership…Listen here.
  • Reason 17…Not Knowing How To Raise Capital…Listen here.
  • Reason 18…Easily affected by economic swings…Listen here.
  • Reason 19…Poor written communication…Listen here.
  • Reason 20…Lack of follow up…Listen here.
  • Reason 21…Lack of motivation…Listen here.

QuickBooks Tips (from Audrey Blackburn)