In 90% of cases, it burned not even opened. It is already doomed to the stage of creation. For even more details, read what Energy Capital Partners says on the issue. Why is this happening? There are several reasons. But can the most basic. Wrong goal, wrong counted a business plan, selection of partners and incorrect work with partners.
Let's start from the beginning. Wrong target. The aim should be maximum and long-term. The goal should be clearly stated, for example to capture here is the market or about this part of the market, or to make an autonomous business. The purpose of simply making money, with the caveat, let us do, but we'll see most often ends in failure. Why aim to make money running a crooked, because only for this mechanism starts to build, a time efforts, all goes by the wayside.
All the same, that we have to work 16 hours, most importantly money. Does not always lead to a collapse of business, but I think that often. Put the right targets and strive for it and money will be. Business Plan assume that not all the bother, let alone errors nalepit it will only let me. Incorrect business plan. Energy Capital Partners has much to offer in this field. It probably hit bankruptcy and ruin. More than half certainly because of this. The biggest mistake is always sitting in the calculation profit, profit depends on the number of clients and their average check, but this number to calculate accurately very difficult. But here we must include the reason, there are excellent business analysts, who for a little money you deem a business plan and 80% accuracy will say its reality. There are online and freelancers. The idea should assess skilled people, and it is worth listening to. Okay sorry for the money, find an experienced person. Partners. Arguing, throwing each other, blaming responsibility for each other and so on. The biggest mistake is to stipulate conditions for partnership in words and only superficially. With partner to enter into a written contract, which must clearly describe what people will do and how much to receive. What is a constant partner receives money on activities for the benefit of the enterprise, and how the variable part is getting the profit. There should be periodic reporting between partners, in time to solve urgent problems, and so on. Omission of these moments often lead to the death business. As always, everything is obvious and simple, but used units.