Note: If you have not read the previous release; “Why do great startups suddenly die”. Just Click Here!

Some of the courses of business death include these highlighted yet very unidentified business problems that newbie’s doesn’t see.

Too much greed and heedlessness.

Don’t be that kind of entrepreneur that just want MONEY BY ALL MEANS; whether its right or wrong because you will end up cutting your customers just to satisfy your wants. Before you know it; you’ll be the only one willing to deal with your self again.

What I mean here is that; some business owners value money more than their customers and doesn’t care whether their customers are hurt as long as they are making money. This is not suppose to be so.

Your customers are your business; make them happy at all cost, make sure they are satisfied. I guaranty you’ll make money if you can make all your customers happy.

Over investment.

Over investment; Its wrong especially when you don’t have enough experience in the business to invest massive amount of money thinking money makes everything.

Lets go back to the basics of business.

We all know that capital is not the only requirement for a business to succeed. You need more than just money to keep your business, we have good labor; qualified entrepreneur and better location.

Some people are suppressed that they put in millions and yet someone investing thousands in similar business tends to make more profit and expand faster than they do. That just says its money!

One advice on this, make sure you start small; understand the business like no other and then invest more and expand. Starting big with no experience will only lead you to big loss.

Lack of Mentor/Advisor.

We all know what a mentor is; someone who knows better than you do and guides you through the ups and downs of a business similar to one that he has made a great one.

Some people still wonder why they need a mentor; Its not a big deal, I also wondered why I need a mentor until I realized that there are things I can’t see unless someone else point them to me.

Remember, a mentor is someone who has done it before and succeeded. He knows a lot and stepping on his roof top will only make you start as an expert.

If you don’t have a business advisor, I advice you meet one today. He will put you through the hidden secretes of success.

ATTN: I personally struggled with my businesses and till today I’m still struggling; but what differentiates me from others is that I’m still doing my businesses. You need persistence and patience to succeed with your business, so have them.

I wish you all the best, Ahmad Mukoshy.

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