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| Topic : Startup Failure - Wear It As A Badge Of Courage... |
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Activity:
54 views;
last activity : 11 20 2010 17:10:47 +0000
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Prepare and have a Plan B
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do all in black and white i.e on paper ,don't be sentimental.
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Always have an alternative plan...
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Avoid Failure causes with utilization of existing resources
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Why to avoid failures !!!!
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Plan and test the plan. Fine tune to get the desired results. Then execute.
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A few failure causes
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Ideas in:
"How to avoid startup failures??"
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In most cases, busninessmen assume certain things like sales, pricing, logistics etc. Any variation will upset the operations. Have some cushion for any eventualities, prepare for the worst and have a Plan B ready even before you implement Plan A
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s.baalu , Consultant, XYZ LTD
| 11 20 2010 13:35:57 +0000
As you have a positive plan also have a negative plan.Expect the unexpected and plan for that also.
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rakeshbhatnagar , GM Projects., wig brothers india pvt.ltd.
| 11 09 2010 10:34:56 +0000
Any plan must have some flexibality in it that some variations in monitry expenditures may be accmodated if desired .
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Certain points are as mentioned below :- 1.do all things in black and white i.e on paper. 2. Be professional never be sentimental. 3.don't have faith on any one check every one as and when desired. 4.Don't compromise with dishonest people. |
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No supporting Arguments for this idea
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The best way is to always play safe. Anticipate a failure & always carry an alternative plan that will help you in surviving difficult times. |
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Rathin Deb, Freelance Retail Consultant
| 11 12 2010 05:10:52 +0000
Naturally that is he way to be safe. If plan a does not work go for plan b even c.
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For a start up- we must have proved & excellent resources which should not be wasted.
Those resources must be superior enough to avoid bad circumstances...
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No supporting Arguments for this idea
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I always think failures of everyone's life are stepping stones one puts towards the success. People learn from the mistakes/failures only (it could your own or of someone else too) but avoiding failure is unrealistic. What matters a lot is: what we have learnt from our past failures and a commitment to ourselves of not to repeat those.
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It is expensive to build and then discover that the desired results are not met. It is cost effective to do a plan, and test it while it is in soft form, on paper or program and check the results. The plan has to be fine tuned till we get the desired results. Once we are satisfied with the outcome, then actual execution should be attempted. A word of caution: Check your assumptions at every stage. Do not assume anything unless it can be substantiated well.
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Start up people need to have strong back-up to avoid the following problems:-
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