Each case of fall of business, always has a cause, and have signs. based on the experiences of practitioners entrepreneur who has experienced ups and downs to manage their business, Here's 10 reasons for of business bankruptcy.
The taste is not Patience
Impatient businessmen tend not carefully manage their business. Impatience also causes a lot of carelessness that appears. Impatience and carelessness are recognized by many businesses is a factor that is often the cause of the collapse of business that has been nurtured for many years.
Forgetting Business Interests
Prioritizing Personal Interests. Successful businessman, often forget to build their business stronger, more competitive. He carried away with his efforts already underway, with the development of the business he founded, many needs required to support the business activities. He has actually increased and prioritize personal purposes which was not related to business activities.
Stuck Bad Debts
Easy access to credit, whether offered by the bank or by credit card if not do carefully and measurable cause the downfall of one's business. Use of bank credit entirely for business activities.
Legal Issues Involved
When a determination has become an entrepreneur, the most important is the social behavior must be far away from the legal issues, such as cheating, lying to other people, steal and behave negatively, because any time the law will be imprisoned and be bad for of business you are building, and business reputation can be destroyed instantly.
Buy stuff that is not helpful
If you occasionally buy things that are not any good may as well, but if you like (do many times) then this practice can lead to financial companies in danger. For example, whenever there is a party always buys new clothes, or every year always buys a new car.
Easy tempted promotion
Using company money for the benefit of the company that's the hope, but many emerging entrepreneurs in addition have a habit of buying products that are useless too easily tempted by the seduction campaign. Every exhibition is always pressing the contract orders, regardless of the financial condition of the company.
Too ambitious
business action without calculation at all. Capital desperate important thing first path. Eventually of business really towards the road, but the road to bankruptcy.
Too much borrowed money
Resulting in forgetting self, that it is a loan that must be returned, for forgetting this himself, then how to use his money also can be arbitrary, not using of business profit and loss calculations.
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