05/07/2025
Understanding the Business aspects of your Business
- You need to know what to do to run a successful business.
- It’s not about what you want; it’s about what the business needs
- Fatal Assumption: If you understand the technical work of a business, you understand a business that does the technical work
- You can’t ignore; the Financial accountabilities, the Marketing accountabilities, the Operations accountabilities, the Sales and Administration accountabilities.
- It’s all about doing what you say you will do, and, if you can’t, learn how.
- You need to always be looking at ways to grow your business. Focus on being better today
then you were yesterday. That’s your job!
- Some statistics;
- By the end of the first year 40% of new businesses fail
- Within five (5) years 80% that survived the first year fail