6- The-Exit

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Business FailureBusiness Failure

    &&

    ExitExit

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Business are born to die or stagnate

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    95% firms employ fewer than 10 employees

    99% firms employ 50 employees

    Half of businesses cease trading after threeyears

    Younger firms are more likely to fail than olderfirms

    The longer a firm survives, the less likely it is tofail.

    FAILURES AND FIRM AGE

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    It is easier to close a smaller firm

    Larger firms have more assets than small firmsand better able to fight adverse businessweather

    ONE percent change in firm size leads to 7percent improvement in probability of survival.

    FAILURES AND FIRM SIZE

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Fast growth firms have less probability of failure

    FAILURES AND FIRM GROWTH RATE

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Fast growth firms have less probability of failure

    FAILURES AND FIRM GROWTH RATE

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Ingredients of FailureIngredients of Failure

    LUCK

    EntrepreneurialEntrepreneurial

    charactercharacter

    Business

    culture

    Business

    decisions

    Companystrengths or

    weaknesses

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    Character problems of ownerCharacter problems of owner--

    managersmanagers

    Need for personal control

    Unwilling or unable to delegate

    Can distrust subordinates

    Needs applause and recognition

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Characteristics of ownerCharacteristics of owner--managers in failed companiesmanagers in failed companies

    Exaggerated opinion of their own competence

    Make decisions based on intuition

    Inward looking

    Inflexible and insensitive to change

    Past not future orientation

    Resistant to professional advice

    Limited formal education and/or little readingin literature associated with business

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Business success or failureBusiness success or failure

    LUCK

    EntrepreneurialEntrepreneurial

    charactercharacter

    External

    Environment

    Business

    decisions

    Companystrengths or

    weaknesses

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Bad Business DecisionsBad Business Decisions

    Inability to identify target market or customers

    Inability to delineate trading area

    Inability to delegate

    Belief that advertising is an expense, not aninvestment

    Only rudimentary knowledge of pricing strategy

    Immature understanding of distribution channels

    No planning

    Inability to motivate

    Somebody elses fault

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Business success or failureBusiness success or failure

    LUCK

    EntrepreneurialEntrepreneurial

    charactercharacter

    External

    Environment

    Business

    decisions

    Companystrengths or

    weaknesses

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    Company WeaknessesCompany Weaknesses

    Poor financial control

    Poor information control

    Poor debtor control

    High stock holding

    Limited diversification of product/services

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    Business success or failureBusiness success or failure

    LUCK

    EntrepreneurialEntrepreneurial

    charactercharacter

    External

    Environment

    Business

    decisions

    Companystrengths or

    weaknesses

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    External EnvironmentExternal Environment

    Failure to cope with changing markets

    Changes in consumer demand

    Changes in interest rates

    Changes in inflation

    How to cope with act of God; strikes, floods,

    fire, accidents, riots

    To be on the wrong place at the wrong time

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    A firm with limited resourcesA firm with limited resources

    operating in a highly competitiveoperating in a highly competitiveenvironment is more likely to failenvironment is more likely to failthan a firm operating in a marketthan a firm operating in a market

    with low levels of competitionwith low levels of competition

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    Paul Burns,Entrepreneurship and Small Business, Palgrave, 2001

    A firm with limited resourcesA firm with limited resources

    operating in a highly competitiveoperating in a highly competitiveenvironment is more likely to failenvironment is more likely to failthan a firm operating in a marketthan a firm operating in a market

    with low levels of competitionwith low levels of competition


EXIT Loft€¦ · EXIT Loft EXIT Loft 100 EXIT Loft 300 EXIT Loft 500 EXIT Loft 700. 3 Congratulations with the purchase of your EXIT playhouse. The ... schimmels en ongedierte. Als

EXIT Loft€¦ · EXIT Loft EXIT Loft 100 EXIT Loft 300 EXIT Loft 500 EXIT Loft 700. 3 Congratulations with the purchase of your EXIT playhouse. The ... schimmels en ongedierte. Als

Exit Interviews: 6 Goals

Exit Interviews: 6 Goals

Chapter 6 Perceiving the World Table of Contents Exit.

Chapter 6 Perceiving the World Table of Contents Exit.

ANSWERS Lesson 13 Exit Ticket Lesson 14 Exit Ticket · ANSWERS Lesson 13 Exit Ticket & Lesson 14 Exit ... Expressing Operations in Algebraic Form Common Core: Engage New York 6.EE.1,

ANSWERS Lesson 13 Exit Ticket Lesson 14 Exit Ticket · ANSWERS Lesson 13 Exit Ticket & Lesson 14 Exit ... Expressing Operations in Algebraic Form Common Core: Engage New York 6.EE.1,

ENTRANCE / EXIT · DUNBLANE EQUESTRIAN ESTATE ENTRANCE / EXIT Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Phase 6

ENTRANCE / EXIT · DUNBLANE EQUESTRIAN ESTATE ENTRANCE / EXIT Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Phase 6

THE ART HOUSE 23 EXIT EXIT EXIT THE ART HOUSE THEATRE ...

THE ART HOUSE 23 EXIT EXIT EXIT THE ART HOUSE THEATRE ...

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ARCHITECTURAL EXIT DEVICE 7000 SERIES EXIT · PDF fileYale’s 7000 Series exit ... *Standard for device accent parts and strikes END CAP The 7000 series ... Page 6 7000 Series Exit

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Federal Aviation Comprehension of Symbolic Exit Signs I ... · exit possibility (6) Likely exit is clear and free from debris. Safe to use exit since the green is indicated (5) Arguable

Federal Aviation Comprehension of Symbolic Exit Signs I ... · exit possibility (6) Likely exit is clear and free from debris. Safe to use exit since the green is indicated (5) Arguable

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Skyway Public Scoping Meeting Representative Concepts ......Exit 5. Exit 4 Exit 6.-+7 . Title: Skyway Public Scoping Meeting_Representative Concepts_Skyway Removal with new Tifft Street

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Chapter 6 - Entry and Exit

Chapter 6 - Entry and Exit

Exit, voice, and loyalty: Contentious urbanization in ...authoritarianregime.weebly.com/uploads/5/6/6/6/56666335/0_klopp_… · Exit, voice, and loyalty: Contentious urbanization

Exit, voice, and loyalty: Contentious urbanization in ...authoritarianregime.weebly.com/uploads/5/6/6/6/56666335/0_klopp_… · Exit, voice, and loyalty: Contentious urbanization

CHAPTER 6 SENSATION AND REALITY Table of Contents Exit.

CHAPTER 6 SENSATION AND REALITY Table of Contents Exit.

The Exit List - Can McCoggins Recalling The Exit List?

The Exit List - Can McCoggins Recalling The Exit List?

Cartesian Type 6-Axis Robot - Intelligent Actuator · CJR(*) Cable exit direction (right) CJL(*) Cable exit direction (left) CJB(*) Cable exit direction (bottom) * Make sure to select

Cartesian Type 6-Axis Robot - Intelligent Actuator · CJR(*) Cable exit direction (right) CJL(*) Cable exit direction (left) CJB(*) Cable exit direction (bottom) * Make sure to select

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