|
Why_Business_Fails_Case_Studies
| Why Business Fails Case Studies
-----------------------------------------------------------------
--------------- The Secrets of Business and Marketing Wizardry
Newsletter
Volume 9, Issue 8, Date 8/6/2005 BUSINESS AND MARKETING WIZARDRY
Volume 9 ISSUE 8 AUGUST 2005 Publisher: Joe Trevison CPA, MBA Co
Publisher and Editor: Cheri Carson Graduate of Northwest
Research Institute. Co editor: Jim Trevison senior at Edinboro
University in Edinboro, PA, Major in English. “Failing in
Business.” By: Joe Trevison MBA, CPA. I am going to change all
of the names of people for my purposes here.. First, let me tell
you about one of my first clients, he is no longer a client but
I am still going to use a fake name to protect his identity.
Gary Sniper worked for a lady who owned a sign shop. He worked
there for many years. Then she wanted to retire. He bought the
business. He went out of business and sold it within one year.
Why? Because he first spent all his money to buy a new truck,
and then all new equipment. He did not delegate, and hire and
worked 60 hours a week. This may happen to me yet. My client of
the past year: Joseph Grace has a corporation but he has one
client that pays him more than anyone else. One client that
makes the corporation has most of the revenue. This is very bad,
you see his client went out of business and owed him a lot of
money. That put Joe’s business in jeopardy. Having your business
depend on only one company or business is bad idea. Now, Jack
Kramer and that is not his real name. We still talk. He and I
tried to go in business together in 2004. He is a liberal and I
am a conservative. The problem is he wanted to use my money and
got me in a hole for a while. Then he had an office next to
mine. It was hell. He and I shared the phone. The girl hired to
take care of the phone did not know how to answer it right. We
parted ways because Jack wanted to get a storefront space for
his office. He wanted me to share in the expense. Jack really
knows computers. He saw a storefront in computer repair go out
of business that was around the corner from our office. That did
not bother him; he could not see the forest from the trees. I
still respect some of what he is able to do with computers. But
here are his other mistakes: He wasted time. He did no
advertising, not even referrals. He did not focus. He still has
not finished his web site that he started. (I should talk I have
wanted to change mine for a couple of years). He did not need a
secretary at that time. She was doing nothing on the computer,
and most of the time just on her own stuff. He wasted her time
too. If she went to the car he went with her. The both went to
the post office together. These guys are married to other people
so I am not saying they had anything going. But it did not look
right. But if they had it was none of my business. But it was
not good for any business. Jack today is in his house doing much
of nothing. He collects disability about $595, a month. He was
always jealous because I get a government pension. I worked 16
years for a monster called the IRS for it. I almost lost my
sanity. Maybe writing this you might even think I did lose my
sanity. I see things in business, and I comment on them. Next
month, September’s issue: The Copy Cat Principle or
Benchmarking: A Way to Get Rich Fast. By: Joe Trevison MBA, CPA.
sign up free for this newsletter and get FREE business tools at
http;//www.Joetrevison.com
DO IT NOW! Take Action for Success
About the author:
Joe Trevison is a MBA and CPA and is self employed with a
Accounting Practice which he does accounting, taxes and business
consulting.
|
|
| |
| |
