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5734)
 Attisynig
schrieb am 30.07.2012 um 06:41:
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Frequently a person will ask me if I've heard of a certain business, or if I know how lengthy they've been about. But the most intriguing question that I'm occasionally asked is, how long do you think they will be about?
That last one particular isn't only an interesting question, but it's one particular that truly no one can possibly have an answer to.
Just within the weeks prior to this short article being written two in the World's largest corporations, General Motors Corporation, and Ford Motor Corporation, had their credit ratings downgraded to junk bond status by the industry's credit and investment rating services <a href="http://www.eco-luxu.com">led bulb</a> such as Standard & Poor's and Fitch Ratings. And of course many people will remember Chrysler Corporation's brush with near bankruptcy within the 1980s.
It is only coincidence that two of your largest automakers were in the news when I wrote this article, but certainly many corporate giants in numerous industries have faced tough times, including Kmart, Sears, and most of your major airlines.
Excel Communications became 1 from the most successful companies within the residence organization industry, and in American organization history, only to later end in bankruptcy due to corporate greed and mismanagement.
Despite examples like those above it is certainly not all doom and gloom. In fact, with the exception of Excel and some in the airlines, such as TWA, every one from the companies mentioned above is still in small business.
I started with the examples above to illustrate that no corporation is immune from ups and downs, regardless of how large or how well established. But that certainly doesnt mean that you cant stack the odds in your favor when considering dwelling small business opportunities. In fact, some in the criteria that it is possible to use to make your evaluation are incredibly simple. But many people still choose to ignore good advice when it comes to making such decisions.
We could go into more detailed considerations of such things asenterprise management, the lineup of products and services, etc. (all important factors). However, not simply can it be difficult to judge such things, but even those and many other factors arent as important as the test of time.
Simply choosing a corporation that has been about for a while (with a while getting a minimum of 2 to 3 years and preferably 5 or more) will automatically stack the odds in your favor as opposed to people who choose to go with risky startups and pre-launches.
Most new businesses fail, and that's a fact that is now so well documented that it might as well be cast in stone. And, again, we're not just talking about the dwelling company industry. It's a statistic that applies to businesses of almost every type. However, once a organization is no longer, new, after it has proven that it can survive beyond those first critical months and years, its chances for continued good results simply continue to increase over time.
There can be no assurance that even a business that has been around for a lengthy time wont experience bumps within the road, or even major problems, but history clearly shows that the longer the company has been in small business, the longer they are likely to be able to continue to survive and be successful.
Of course, there are some who enjoy the potential rewards, and substantially much higher risks, associated with new companies. However, in reality, most people who become involved with such companies only do so because they arent aware of the statistics regarding business good results and failure. And then also many people become so wrapped up in the hype, emotion, and at times even greed (of promised skyrocketing profits due to getting in on the ground floor) typically associated with new companies that they throw all caution aside and jump in anyway.
You dont have to become as knowledgeable as a enterprise analyst to boost your chances of success tremendously simply by following the one particular simple rule of picking a company that has been about for a while.
Can you or anyone else guarantee that any particular business will be around 5, 10, or 20 years from now? Absolutely not Can you stack the odds in your favor and make it much more likely that your corporation will still be about 5, 10, or 20 years from now simply by avoiding startups and new companies? Absolutely the answer is yes!
The choice is yours.
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