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Eureka: 10 signs your business will fail Eureka: 10 signs your business will fail
by Akli Hadid
2016-12-29 09:37:18
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Business gurus have talked at length about why businesses succeed or fail. I compile a list of 10 signs that your business might need a little shake up.

1. You don’t allow meetings

You can hire 20 Nobel prize winners and fail to produce breakthrough research if you don’t allow those 20 geniuses to bond and chat with each other excessively. You want your team to value time spent with the team more than or as much as they value that promotion or pay raise.

bus01_400_012. Your meetings are scripted

You want to put a few agenda items on the meeting to make sure the meeting stays on track. But if you script every single word that is being said during the meeting, you are getting embellished reports, not meetings.

3. You value client feedback over employee feedback

Your clients take the product and go home and go back to their busy lives. They rarely think twice before purchasing your product, or when using your product. If you insist on getting customer feedback, you want to make sure your employees are not encouraging clients to criticize the product because your employees don’t like how things work at the workplace. Your employees usually test the product and are the first to know if clients are satisfied or not. In sum, listen to your employees and don’t encourage your clients to criticize the product or to think about your product too much.

4. You have cult-like rituals, or use a completely different language

Laid back employees attract laid back customers. Rigid employees attract rigid customers. Make sure you speak the same language as your clients. If your clients speak French, you want to hold your meetings in French, not English, because in that case English is not the language of global business ; French is your language of local business.

5. You interrupt your employees when they talk

The only reason you want to interrupt an employee is because you are suspecting him or her of lying. If you think he or she’s telling the truth, be it the naked truth, let him carry on or take them to a quiet place where you can listen to that truth.

6. You steal and gamble

In the old days, when stealing cars was a big thing, people stopped stealing cars when they realized that the only ones who really knew how to use stolen cars were their owners, so stolen cars either broke down quickly or ended up having car accidents because the thief didn’t know how to use the breaks properly. The same goes with intellectual property, patents or products. There’s no other way for your company to grow income-wise other than to sell and save.

7. Your company is on life support

If sales start declining significantly, it’s either time to sell the business or to shut the business down. Putting your business on life support will get you more whacks on the face than it will make you save face.

8. Your employees are signing up just for the benefits

The last good reason your employees will want to sign up is for the benefits. Your employees will want to sign up because the environment is challenging and because team members and the workplace is emotionally and spiritually rewarding. Plus you get awesome benefits. Not the other way around.

9. Your workplace is noisy

Lots of mistakes and accidents happen in noisy environments, plus employees find it difficult to fall asleep after 8 to 10 hours spent in a noisy environment.

10. You have sex and gambling addicts among your employees

What do sex and gambling addicts think about all day? Sex and gambling. Female clients will avoid your company at all costs, and your employees will use company and sales funds at the casinos, and will only report a fraction of what was sold.


     
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Emanuel Paparella2016-12-29 11:15:51
The necessary other side of the coin:

Once again we have reductionism at work: life assessed and reduced to mere economic and material needs and how one manages to meet those needs is then deemed success or failure. Logical enough, one can even claim that such a train of thought is a moment of surprising discovery, but to do that one needs to hold on firmly to the reductionism one has established. Change the paradigm and then a different surprising moment of discovery ensues: one realizes that what one has arrived at is a partial incomplete picture, or, one side of the coin. The whole picture, or the whole coin, the overarching paradigm if you will, is still missing or is simply neglected as superfluous; and that is because man is constituted by spirit, intellect and body and to attend to just the material needs of the body is to fail to see him in his/her in its total reality. That indeed must have been a eureka moment for Aristotle who did present it to us as a complete picture some 24 centuries ago in his treatment of ethics.


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