HOW WE THINK

How we think and why we think are two common queries we often get.  The following is a listing of some of the most important things we have learned about how businesses succeed. Paradoxically, this has a lot to do with the myriad of reasons why they can fail.

HOW BUSINESSES CAN FAIL

Businesses, especially entrepreneurial businesses, (according to Forbes statistics) can fail because:

  • 29% will run out of cash
  • 23% will not have the right team
  • 19% will get out competed
  • 17% will lack a real business model
  • 14% will have a poor marketing strategy
  • 13% will lose focus

FAILURE EQUATIONS

These are some of the main decisions that can lead to business failure:

  • Doing the right thing at the wrong time = Failure
  • Never fully completing the implementation of a service or product development = Failure
  • Moving with incredible speed without a real roadmap = Failure
  • Learning from the wrong people = Failure
  • Drifting away from focus which, in turn, causes anxiety and confusion = Failure

WHAT BUSINESSES NEED TO SUCCEED

  • A system that ensures the ability to grow consistently year over year. Because business is a system, or a series of systems, not a magic pill, not a hope or dream and never not a one-day wonder.
  • A winning mindset or an invincible cloak of armour
  • A trusted ally (mentor, advisor) in their back pocket

EMAIL US TO RECEIVE OUR BI-MONTHLY “POV  NEWSLETTER”

Interested in keeping up with the how we think piece of our brains? We have created a bi-monthly “POV Newsletter”  we’d be happy to send you!  One such POV is found in our blog here. To sign up, simply email us at admin@bulletproofconsulting.ca with the Subject Line: Bullet Proof POV Please, and we will add you to our mailing list.  We promise not to disappoint you.