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| Louis Vuitton Outlet How Long Will Your home Biz Enterprise Be Around? Frequently a person will ask me if I've heard of a particular enterprise, or if I know how long they've been about. However the most fascinating question that I am in some cases asked is, how lengthy do you feel they will be about? That last one is just not only an intriguing question, but it's a single that truly nobody can possibly have an answer to. Just in the weeks before this short article becoming written two in the World's largest corporations, General Motors Corporation, and Ford Motor Corporation, had their credit ratings downgraded to junk bond status by the industry's credit and investment rating services Louis Vuitton Outlet which include Common & Poor's and Fitch Ratings. And of course many people will remember Chrysler Corporation's brush with near bankruptcy within the 1980s. It is only coincidence that two on the biggest automakers were in the news when I wrote this short article, but certainly many corporate giants in numerous industries have faced tough times, including Kmart, Sears, and most on the major airlines. Excel Communications became a single in the most successful companies in the residence enterprise industry, and in American small business history, only to later end in bankruptcy due to corporate greed and mismanagement. Despite examples like those above it is certainly not all doom and gloom. In fact, with the exception of Excel and some with the airlines, for instance TWA, every one on the companies mentioned above is still in enterprise. I started with the examples above to illustrate that no organization is immune from ups and downs, regardless of how large or how well established. But that certainly doesnt mean that you cant stack the odds in your favor when considering dwelling small business opportunities. In fact, some of your criteria that it is possible to use to make your evaluation are incredibly simple. But many people still choose to ignore good advice when it comes to making such decisions. We could go into more detailed considerations of such things asorganization management, the lineup of products and services, etc. (all important factors). However, not only can it be difficult to judge such things, but even those and many other factors arent as important as the test of time. Simply choosing a enterprise that has been around for a while (with a while being a minimum of 2 to 3 years and preferably 5 or more) will automatically stack the odds in your favor as opposed to people who choose to go with risky startups and pre-launches. Most new businesses fail, and that's a fact that is now so well documented that it might as well be cast in stone. And, again, we're not just talking about the household small business industry. It's a statistic that applies to businesses of almost every type. However, once a company is no longer, new, after it has proven that it can survive beyond those first critical months and years, its chances for continued good results simply continue to increase over time. There can be no assurance that even a organization that has been around for a lengthy time wont experience bumps in the road, or even major problems, but history clearly shows that the longer the corporation has been in enterprise, the longer they are likely to be able to continue to survive and be successful. Of course, there are some who enjoy the potential rewards, and substantially much higher risks, associated with new companies. However, in reality, most people who become involved with such companies only do so because they arent aware on the statistics regarding organization success and failure. And then also many people become so wrapped up within the hype, emotion, and occasionally even greed (of promised skyrocketing profits due to being in on the ground floor) often associated with new companies that they throw all caution aside and jump in anyway. You dont have to become as knowledgeable as a enterprise analyst to boost your chances of good results tremendously simply by following the one particular simple rule of picking a corporation that has been around for a while. Can you or anyone else guarantee that any particular organization will be around 5, 10, or 20 years from now? Absolutely not Can you stack the odds in your favor and make it much more likely that your firm will still be around 5, 10, or 20 years from now simply by avoiding startups and new companies? Absolutely the answer is yes! The choice is yours. |