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  • Essay / Startup Case Study - 1076

    A good location can help a struggling business survive and thrive, while even the best managers may fail to help a poorly located business. Factors to consider here include proximity to your customers, traffic and infrastructure, available local incentives, location of competitors, and the cost of locating the business there.7. Rapid expansion and over-expansion, some businesses fail because they don't understand when to expand and when to maintain. an expansion should only be decided after a careful evaluation of the company's performance. If the company is allowed to grow at a higher rate, some departments will be overloaded, causing the entire organization to fail.8. Poor planning A poorly planned business plan is a guarantee of failure. The entrepreneur must make a clear plan on how to obtain capital, where to start the business, where to find labor and at what pace, what to produce and how much and of course who to sell to. Some shortcomings are normal and expected, but you shouldn't expect miracles in a business. Bamba tv, a digital decoder run by Radio Africa, is a good example of poor planning. They entered the industry during digital migration and in a hurry to satisfy the hungry market, they imported set-top boxes with inappropriate power specifications, not used in Kenya, and therefore boomed every time they were connected for tests. This led major supermarkets to withdraw the product