Re: UKNM: RE: A Sad day

[Ray Taylor]

Robin Edwards <

robinclockworx [dot] co [dot] uk

> said;


> What would be really useful is a site that shows case studies of how and

why

> dot-coms failed. Starting with the business plan, and a statement from the

> investors as to why they bought-in, and then an analysis of what went

wrong

> including interviews with the founders. People would pay lots of money for

> info like that...


Dotcom failures fail for the same reason any other business fails:


1. Spend too much money too quickly

2. Don't earn enough (or any) money quickly enough

3. Fail to plan for either of the above and/or fail take action when it

happens


If you want to elaborate on any of these then you might find any combination

of too many staff, too highly paid, not properly incentivised, directors

with big, flash cars, long leases on over-grand offices, no accurate revenue

predictions, failure to manage cash flow, failure to address the market

need, failure to even look at what the market might need, failure to get up

in the morning, lack of will to wear a suit when a suit is required, lack of

imagination, lack of conviction, failure to respond to lack of progress,

poor recruitment, bad training, failure to understand the importance of

customer service, failure to work within given budget and other limitations,

desire to grow more rapidly than market will bear, etc, etc.


Ray Taylor



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