Ten Reasons Why Businesses Fail

 Basic Business Cents Ten Reasons Why Businesses Fail There are many reasons why businesses fail but some of the more common ones are listed below. Note, it is not necessary to have several of these shortcomings; any one can be fatal. Lack of a vision of the desired future, communicated and understood by all employees.…
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Our Way

 Basic Business Cents Our Way The last Basic Business Cents article discussed the ancient Chinese Tao Te Ching or translated means Way, which is the essence of understanding of Lao Tzu and very famous in China. It also discussed “The Toyota Way” which is the way of doing business by Toyota Motor Corporation. It has…
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The Way

 Basic Business Cents The Way In ancient China, the keeper of the Imperial Library, Lao Tzu, was famous for his wisdom. Perceiving the growing corruption of the government, he left for the countryside. On his way, the guard at the city gates asked Lao Tzu to write out the essence of his understanding to benefit…
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Advanced Strategic Improvement Practices

 Basic Business Cents Advanced Strategic Improvement Practices The leaders in performance improvement practices shared their techniques and philosophy at a conference in the Twin Cities last fall. Attendees came from not only as far away as Florida and Manitoba but also from Bemidji and Park Rapids. Speakers represented industries from banking, medicine, food, education, manufacturing,…
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Seek Advice

 Basic Business Cents Seeking Advice Never fail by yourself! This is a powerful adage that is applicable no matter what type organization or position in which you might find yourself. It is especially true for the small business owners who feel they have no one they can talk to openly. So what are the options…
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