Comments on: Why Do Those Companies Fail? https://worldofdirectselling.com/why-do-those-companies-fail/ The World of Direct Selling provides expert articles and news updates on the global direct sales industry. Mon, 18 Jul 2016 22:06:41 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Melony https://worldofdirectselling.com/why-do-those-companies-fail/#comment-2189 Mon, 18 Jul 2016 22:06:41 +0000 https://worldofdirectselling.com/?p=9144#comment-2189 In reply to Susie Nelson.

HiSuzie,
I enjoyed reading your post!

]]> By: Hakki Ozmorali https://worldofdirectselling.com/why-do-those-companies-fail/#comment-2186 Mon, 18 Jul 2016 11:56:54 +0000 https://worldofdirectselling.com/?p=9144#comment-2186 In reply to Susie Nelson.

Thank you for sharing your thoughts, Susie! This short article was not meant to list all the reasons of failure. It is a short list that we see frequently during the first few years of businesses. For sure, there are others including those we see later on. Again, thanks!

]]> By: Susie Nelson https://worldofdirectselling.com/why-do-those-companies-fail/#comment-2185 Mon, 18 Jul 2016 09:27:26 +0000 https://worldofdirectselling.com/?p=9144#comment-2185 I’m not sure where you pulled your data, but you’ve missed many factors –especially the biggest reason — when a company continues providing products that are no longer appealing to the market. I was a top leader with a company that, after experiencing year over year declines for 7 years, ceased operations. As the company declines additional factors come into play (for example, motivating your leaders and consultants to sponsor when they know the company is declining), keeping your employees motivated when they know they might lose their jobs in the next round of layoffs (many start looking for new jobs before the ship completely sinks). The biggest lesson I learned is that building the business is actually a much easier task compared to saving one that has started to decline. Those who accomplish it are the real business experts.

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