Managing the challenges associated with running a successful business requires leaders to consider both internal and external factors that could affect the organisation. However, when a business is struggling, it’s very rarely solely as a result of external factors. It can be tempting to blame external factors for non-performance or use them as an excuse […]
It’s no secret that inadequate cash flow is one of the main reasons why businesses fail in Australia. Dynamic Business only recently talked about this issue last week, with new research commissioned by H&R Block found that the biggest struggles for small businesses across Australia are: ‘cashflow’ (35%) ‘marketing effectiveness’ (30%) ‘lack of support’ (19%) […]
Byline: Petr Adamek, CEO of Canberra Innovation Network In Australia, we love to celebrate success. Whether it’s kicking a goal on the football field or passing a final exam at school, we hold winners in high esteem. Same applies in the business world. Those who succeed are lauded at awards and in media while those […]
With gut instincts behind many an entrepreneur’s interesting business idea, it’s no surprise that they then trust these instincts to lead them in running their businesses.
It’s inevitable: we’re all going to fail at something. Unfortunately, for many people this failure evolves into a fear of trying. Here’s how not to let fear get the better of you.
Maybe you already proudly “fail fast and fail often.” There’s one type of failure you’re probably still avoiding – but shouldn’t.
These entrepreneurs went to the brink of failure – and then turned things around. Here’s how.
Business failures around the world are at an all time low, but it seems local businesses aren’t enjoying this global trend.
Julian Smith asks if you’ve given thought to whether you’ll be employable should your business fail.
“The important part to remember is that in the wake of every business failure is owners needing to head back to the workforce they left behind. This surprisingly, isn’t as easy as it seems.”
Rhondalynn Korolak blogs about how many businesses REALLY fail in their first year.
“I searched the internet and couldn’t find confirmation of any study that was done to back-up this statistic by a reputable or well-known bureau. What I did in fact find was some evidence to the contrary.”
