Ateneo Professor on Entrepreneurship
From entrepreneur.com
Why do start ups fail? Why do business start up entrepreneurs, buoyed by the opportunity scanned, their fiery passion, and well written business plan end up as failures (fail to execute well and reach their planned objectives?)
Some causes advanced are:
l. No written plan (I had 8 students in the last class who did not write/submit their business plan, a sure recipe for failure;)
2. Too thin revenue in the business model (most students failed to write the Sale-cost computation and estimate the Value Added)
3. Cant execute: cant manufacture the product well in right quantities; cant sell, cant collect...
4. Inexperienced team
5. Wrong budget estimate, cap ex, working capital estimate. Read more on causes of failure
From entrepreneur.com
Why do start ups fail? Why do business start up entrepreneurs, buoyed by the opportunity scanned, their fiery passion, and well written business plan end up as failures (fail to execute well and reach their planned objectives?)
Some causes advanced are:
l. No written plan (I had 8 students in the last class who did not write/submit their business plan, a sure recipe for failure;)
2. Too thin revenue in the business model (most students failed to write the Sale-cost computation and estimate the Value Added)
3. Cant execute: cant manufacture the product well in right quantities; cant sell, cant collect...
4. Inexperienced team
5. Wrong budget estimate, cap ex, working capital estimate. Read more on causes of failure
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