Results 1 to 19 of 19

Thread: Failed business model...

  1. #1
    Senior Member
    Join Date
    Dec 2003
    Location
    Cocteau Twins
    Posts
    2,116

    Default Failed business model...

    if one has a business model which has been proven time and time again to be full of risks, prone to failure and highly susceptible to loss...what does one do in order to effect a noticeable improvement?

    a lot of businesses fail due to unforseen or unpredictable external forces. but if one particular factor has been proven to be the main cause of predictable failure, is it not advisable to rectify and protect the business against it?

  2. #2
    Senior Member
    Join Date
    Aug 2004
    Location
    Clementi
    Posts
    2,550

    Default Re: Failed business model...


  3. #3

    Default Re: Failed business model...

    Quote Originally Posted by Stereobox View Post
    if one has a business model which has been proven time and time again to be full of risks, prone to failure and highly susceptible to loss...what does one do in order to effect a noticeable improvement?

    a lot of businesses fail due to unforseen or unpredictable external forces. but if one particular factor has been proven to be the main cause of predictable failure, is it not advisable to rectify and protect the business against it?
    In my experience, even good ideas fail because for poor execution.

    A lot of times, things like inconsistency with standards, corner-cutting, doing the easy small matters and failure to manage the big difficult issues instead, etc..

    It's all in the execution after the good ideas.

    How to reduce the instances of failures? Good business plan, and .... experience.
    CS says, "We can't help you ignore yourself."

  4. #4
    Senior Member
    Join Date
    Dec 2003
    Location
    Cocteau Twins
    Posts
    2,116

    Default Re: Failed business model...

    Quote Originally Posted by hazekang View Post
    will it suffice to say - will you be able to differentiate between poor business management, or an outright scam?

  5. #5
    Senior Member
    Join Date
    Feb 2004
    Location
    Sengkang
    Posts
    2,156

    Default Re: Failed business model...

    Quote Originally Posted by Stereobox View Post
    will it suffice to say - will you be able to differentiate between poor business management, or an outright scam?
    scam usu. promises unbelievable good returns

  6. #6
    Senior Member
    Join Date
    Sep 2004
    Location
    Cons digger.
    Posts
    3,924

    Default Re: Failed business model...

    if you can see thru a scam.. then it isn't a scam anymore.. it's a joke.

    Well.. to TS, a 'winning' formula that succeeds may not work all the time. One man's meat is another man's poison.

    I guess you've got to be a guru to get it right the first time. Else you just got to keep trying and trying.
    “How fortunate for leaders that men do not think.” - Adolf Hitler

  7. #7
    Moderator ortega's Avatar
    Join Date
    Nov 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    23,686
    Blog Entries
    7

    Default Re: Failed business model...

    a good business plan takes into account the risks involved and have a counter measure for it.

  8. #8
    Senior Member
    Join Date
    Sep 2004
    Location
    Cons digger.
    Posts
    3,924

    Default Re: Failed business model...

    Quote Originally Posted by ortega View Post
    a good business plan takes into account the risks involved and have a counter measure for it.
    even so, if a person is 'suay' all plans will fail. In short, there is no 100% sure win formula but through experience and good planning, the chances of survival is higher.
    “How fortunate for leaders that men do not think.” - Adolf Hitler

  9. #9
    Moderator ortega's Avatar
    Join Date
    Nov 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    23,686
    Blog Entries
    7

    Default Re: Failed business model...

    Quote Originally Posted by yanyewkay View Post
    even so, if a person is 'suay' all plans will fail. In short, there is no 100% sure win formula but through experience and good planning, the chances of survival is higher.
    risks include failing and being able to fund the business for 6mths to a year b4 calling it quits

  10. #10

    Default Re: Failed business model...

    Quote Originally Posted by ortega View Post
    risks include failing and being able to fund the business for 6mths to a year b4 calling it quits
    at least 2 years

  11. #11
    Moderator ortega's Avatar
    Join Date
    Nov 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    23,686
    Blog Entries
    7

    Default Re: Failed business model...

    Quote Originally Posted by jopel View Post
    at least 2 years
    normally the measure is that if you can survive for at least 3 years then OK already

  12. #12
    Senior Member
    Join Date
    Sep 2004
    Location
    Cons digger.
    Posts
    3,924

    Default Re: Failed business model...

    Quote Originally Posted by ortega View Post
    normally the measure is that if you can survive for at least 3 years then OK already
    towkay in the making?
    “How fortunate for leaders that men do not think.” - Adolf Hitler

  13. #13
    Moderator ortega's Avatar
    Join Date
    Nov 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    23,686
    Blog Entries
    7

    Default Re: Failed business model...

    Quote Originally Posted by yanyewkay View Post
    towkay in the making?
    been there, done that

    over 10 years

  14. #14

    Default Re: Failed business model...

    Quote Originally Posted by Stereobox View Post
    will it suffice to say - will you be able to differentiate between poor business management, or an outright scam?
    you sound like you have a certain business in mind

  15. #15
    Senior Member
    Join Date
    Nov 2004
    Location
    BB West
    Posts
    2,184

    Default Re: Failed business model...

    Talk abt business. Few years back, I got a lot of ideas but too bad, no one support me. In the end, I saw some ideas were using now. See, sgporean just not that daring at all.

  16. #16

    Default Re: Failed business model...

    talking about business model,

    my wife just told me that her friend went to this SUPER expensive investment strategy course. Reason was that they are so confident that their investment strategy works that they allow you have a "dummy" test on the stock market one month after the course. If you lose money, they will REFUND the whole course fee back to you

    Like that also can. I think I should start an investment course myself.

  17. #17
    Senior Member
    Join Date
    Apr 2004
    Location
    東京 Tokyo
    Posts
    10,193

    Default Re: Failed business model...

    Quote Originally Posted by BBTM View Post
    Talk abt business. Few years back, I got a lot of ideas but too bad, no one support me. In the end, I saw some ideas were using now. See, sgporean just not that daring at all.
    so you are putting the blame on others?

    1. are the ideas that are being used now exactly the same as what you had in mind?
    2. were you daring enough to go all out to look for partners who believe in your ideas then?
    3. are you 100% confident that what works now also could have worked back then?

    if your answers are 'YES' to all the questions, why not share with us your brilliant ideas that are being used now? then we can sympathise with you.

  18. #18

    Default Re: Failed business model...

    Quote Originally Posted by wind30 View Post
    talking about business model,

    my wife just told me that her friend went to this SUPER expensive investment strategy course. Reason was that they are so confident that their investment strategy works that they allow you have a "dummy" test on the stock market one month after the course. If you lose money, they will REFUND the whole course fee back to you

    Like that also can. I think I should start an investment course myself.
    Dear wind30

    Be weary of investment opportunities that seemed too good to be true. There are several variations of MLM/time shares out there right now, and the trend is using credit card account to invest into an overseas account with high dividend yields monthly. Some returns can get as high as 20% with no admin charge. Many such investors are seeing cash back, but when the bubble burst, that chap will be laughing his way to the bank.

    The money back guarantee would not mean much. Check their T&C to find out if there are admin charges, local/overseas tariffs, withdrawal fees, misc charges, etc. Those fees will rip off from the principal sum.

    The best investment is to invest on your own family and save up for rainy days.

    Just a humble opinion here.

  19. #19

    Default Re: Failed business model...

    Quote Originally Posted by Stereobox View Post
    if one has a business model which has been proven time and time again to be full of risks, prone to failure and highly susceptible to loss...what does one do in order to effect a noticeable improvement?

    a lot of businesses fail due to unforseen or unpredictable external forces. but if one particular factor has been proven to be the main cause of predictable failure, is it not advisable to rectify and protect the business against it?
    Hi Stereobox,

    Your question is quite vague, without hinting the product/services the firm in question operates to sell. If there are unforseen threats, buffer them with higher prices and a leaner/flatter reporting structure. If your gut feel suggest that a certain element was the root cause of future problems, then attack that spposed problem area. If it's an sme, it would be a lot easier to effect changes as the boss is in control.

    Effecting changes will destroy people's comfort zone(s). People might hate you for rectifying the working model.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •