Copyright: Hamilton South Associates 2011-15 All Rights Reserved
H
BUSINESS TRUTHS
It is an uncomfortable fact of business life that 4 out of 5 start-ups end in failure..... and the underlying reasons are surprisingly common:
Hamilton South Associates works with you to avoid these issues.
Poor business planning
Many businesses have inadequate business plans. A plan is the key to success, the tool to measure performance and a roadmap to profit; without this the business is rudderless.
Failure to measure
Many business owners have little idea of their key performance indicators - financial, sales and market / advertising statistics . Successful businesses measure everything that moves.
Ignoring cash flow
“Cash is King” and the lifeblood of a business - yet many businesses struggle and fail due to poor cash flow management and lack of controls.
Poor marketing
Businesses too often don’t understand or meet the requirements of their customers.
Not seeing the bigger picture
Too often business owners have their heads down doing everything from sales and marketing to accounts. They fail to address the bigger picture of business overview - vital to steer it on the right path.
Standing still
Successful businesses innovate and change all the time. Those that don’t are simply left behind.
Lack of finance
Insufficient finance often means that a business is unable to pursue opportunities available to it or has to compromise.
Inadequate commercial experience
Lack of commercial experience can lead to poor business decisions and vulnerability .
Poor management
Weak and inexperienced management is one of the major causes of business failure.
Poor human resource relations
Many businesses don’t know how to motivate their employees to work hard and promote business success. They often lack a clear career development strategy or can be evasive in addressing poor performers.
Hamilton South Associates has the experience and capability to help you address all these issues.