We mostly hear about what great businesses do well. But there are lessons to be learned from the traits that keep many businesses from reaching their potential.
Plenty has been written about the characteristics of highly successful businesses. We think it is worthwhile to understand the traits of unsuccessful companies. If you identify the factors that are limiting your business’s success, you may generate new ideas about how to earn a better return.
There are three key inhibitors to any management team’s ability to build a successful business.
- They believe that their circumstances are unchangeable and therefore don’t act.
- They do not set milestones for their journey.
- They do not reevaluate along the way.
“Unchangeable” Circumstances
There are always options and choices. For our business, we can change the way we address our customers, our employees, or our goals. We won’t always be able to change all three – but there will never be a time when we can’t change any one of them.
…to read this article in full, visit leading US small business resource, Inc.
