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Please go though the PPT why do entrepreneurs fail?


  1. 1. WHY DO ENTREPRENEURS FAILS? N-Axis Software Technologies Pvt.Ltd
  2. 2. CONTENT <ul><li>Introduction </li></ul><ul><li>Reasons for failure </li></ul><ul><li>Administrative problems </li></ul><ul><li>Financial problems </li></ul><ul><li>Marketing problems </li></ul><ul><li>Production problems </li></ul><ul><li>Pitfalls by Peter Drucker </li></ul><ul><li>Conclusion </li></ul>
  3. 3. Desire to be one’s boss Desire to succeed financially Desire for job security Desire for an improved quality of life Why people become entrepreneurs
  4. 4. REASONS FOR FAILURE <ul><li>Lack of a proper business idea </li></ul><ul><li>Lack of preparation </li></ul><ul><li>Flaws in the business plan </li></ul><ul><li>Changes in the environment </li></ul><ul><li>Competition </li></ul>
  5. 5. (CONTD)… <ul><li>6. Changes in government laws </li></ul><ul><li>7. Failure to predict the end of the product life cycle </li></ul><ul><li>8. Lack of finance </li></ul><ul><li>9. Labour unrest </li></ul><ul><li>10.Rapid expansion </li></ul>
  6. 6. ADMINISTRATIVE PROBLEMS <ul><li>Lack of proper planning </li></ul><ul><li>Poor project implementation </li></ul><ul><li>Poor management </li></ul><ul><li>Labour problems </li></ul><ul><li>Inadequate of technical skill </li></ul>
  7. 7. (CONTD)… <ul><li>Low level of technical skill </li></ul><ul><li>Lack of strategies </li></ul><ul><li>Problem of inadequate infrastructure </li></ul><ul><li>Lack of scientific & industrial research </li></ul><ul><li>Bureaucratic red tape & regulations </li></ul>
  8. 8. FINANCIAL PROBLEMS <ul><li>Access to & usage of long-term capital </li></ul><ul><li>Access to working capital </li></ul><ul><li>Recovery of debts </li></ul><ul><li>Taxation </li></ul><ul><li>Cash flow </li></ul>
  9. 9. MARKETING PROMBLEMS <ul><li>Lack of knowledge about market situations & composition </li></ul><ul><li>Heavy competition from larger players </li></ul><ul><li>Inadequate/improper branding </li></ul>
  10. 10. (CONTD)… <ul><li>Poor after sales service </li></ul><ul><li>Problems in distribution </li></ul><ul><li>Poor advertising/inadequate advertising </li></ul><ul><li>Improper sales promotion activities </li></ul>
  11. 11. PRODUCTION PROBLEMS <ul><li>Raw material shortages </li></ul><ul><li>Lack of proper capacity utilization </li></ul><ul><li>Lack of proper quality control </li></ul>
  12. 12. (CONTD)… <ul><li>Lack of utility services or poor utility services </li></ul><ul><li>Outdated technology </li></ul><ul><li>Non standardized products & processes </li></ul>
  13. 13. INFORMATION TECHNOLOGY <ul><li>•  Helps entrepreneurs work quickly and efficiently, provide attentive customer service, increase sales, and project professional images. </li></ul><ul><li>•  Entrepreneurs also produce and market products that apply new information technology. </li></ul><ul><li>•  Internet also presents a challenge because customers can check prices and buy online from large or small companies anywhere in the world. </li></ul>
  14. 14. PITFALLS BY PETER DRUCKER <ul><li>The better a man is, the more mistakes he will make, for the more new things he will try. I would never promote to a top-level job a man who was not making mistakes . . . otherwise he is sure to be mediocre. </li></ul>
  15. 15. CONCLUSION <ul><li>Failure is an opportunity for learning. </li></ul><ul><li>Business Success is dependent upon reactions of business failures </li></ul><ul><li>Knowing what can go wrong is essential to avoid business failure </li></ul><ul><li>Success and Failure exist in relation to expectations </li></ul><ul><li>Most causes of failure are under the control of the entrepreneur. </li></ul><ul><li>Entrepreneurs can avoid venture failures by managing known causes of failures which are under their control. </li></ul>
  16. 16. THANK YOU N-Axis Software Technologies Pvt.Ltd