Businesses are not falling by the failure way-side because of tax issues, they are failing because the business owner doesn’t REALLY know how to run the business and what he/she should be looking at.
Even before the business opening, there are serious mistakes that lead to failure.
In 1996 I traveled across this country and Hawaii, with the Business Expo. Business Expos are Trade Shows where each 10 x 10 booth is sold by the promoter to companies who are charging substantial amounts of money to sell businesses .
Some of the businesses are MLM (Multi Level Marketing), Franchises, Home-Based, etc. I was doing lectures and workshops related to Own A Successful Business. Except, for the SBA or another governmental agency, I was the only one at some of these shows that was not selling a business.
At each city the scene was the same. The doors opened ; the people poured into the Show and inevidently, the Exhibitor that received the most people was the booth that had Balloons high in the rafters. They were just balloons, the kind you see at an amusement park, however, this was a Business Expo-not a Carnival. That Marketing stategy tells you about the people looking at Business Ownership.
Certain types of ventures “hawked”-NO SELLING-NO INVENTORY-CASH BUSINESS-PART TIME- HOME-BASED BUSINESS-HUGE PROFITS!
Let’s get real , Folks, there is not a business or profession that can succeed if it does not sell–on some level.
Every presentation a person does is a form of selling. When you are interviewed for a position, you are selling yourself.
Home-Based Businesses have another set of possible problems . People who want something for themselves and have little money think that a Home-Based Business is the answer. For some it is, however, certain businesses are at a disadvantage when they are Home-based. They might need the kind of visibility that is lacking when a business is run from the home.
Again, this is another example of the “hype” that promoters are hawking to attract the typical new business owner.
The majority are employees who are retiring and want to start a business; someone who lost their job, or someone who is frustrated working for someone else.
The next segment are people who cannot get a job or they are new to this country. All in all, these people did not know anything about business. They were “lemmings”, attracted to the glitz, many who could least afford it, buying losing propositions.
This book is not an expose’ of the Accounting Profession as much as it is designed to be a wake-up call to those who want to succeed in Business.
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