10 Reasons Why Businesses Fail (by Rob Warlow, 'Loan Sharp')
4th August 2010
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10 Reasons Why Businesses Fail.

(By Rob Warlow, Business Loan Services and author of 'Loan Sharp')

At a recent 4Networking event for businesses in LLantrisant I had the opportunity of meeting Rob Warlow of Business Loan Services and author of 'Loan Sharp'. Rob has many years experience in sourcing finance for businesses and is in the know of knows, whos, when, where and hows so that you can find the right type of finance for your business.

More importantly. From Robs, Business Loan Services we can learn alot. His extensive research and experiences of the banking industry and how this effects business has produced some invaluable results.

Rob Warlow, author of 'Loan Sharp' highlights the following 10 most common reasons why businesses fail:

  1. No direction, goals, strategy or business plan!
  2. Not listening and reacting and gauging feedback from your customers
  3. Not Knowing what you don't know
  4. A Lack of market research and weak marketing strategy.
  5. Poor Record Keeping!
  6. Insufficient Capital or Cash
  7. Not regocnising changes in the market place
  8. Spending your cash on the wrong things
  9. Not spreading your risk
  10. Not Taking Action

For a more indepth look at each of the above elements please click here or visit the Rob Warlow, Business Loan Services web site.

If like me, you have been in business before and had experience of owning several businesses you will be able to relate to many of these elements. I know that I do. And no matter how we pass on these experiences you will still experience the same mistakes that we have made - Good Luck.

If you do like what you are reading then take a moment and visit Business Loan Services website or goto Amazon and order his top seller 'Loan Sharp'.

Thanks for your contribution Rob. Excellent stuff!


Rob Warlow

 

 

 

 

For Full article please visit www.businessloanservices.co.uk

 

Business Loan Services

www.businessloanservices.co.uk

info@businessloanservices.co.uk

0776 9291178

 

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