7 Reasons Corporate Failure Will Change the Way You Think About Everything
There are seven reasons corporate failure will change the way you think about everything. I call these reasons The Seven Uncertainty Factors.
The first reason is a result of the corporate culture. How well the corporate culture of a company is managed has a direct impact on the performance and profitability of that company. If the corporate culture is weak, the internal teams that manage it are weaker as well.
The second reason corporate failure will change the way you think about everything is the lack of rigor and discipline on the part of managers and leaders in a company. The managers and leaders of a corporation may not be very good at what they do. They may not be very good at implementing the processes necessary to run a profitable business. In this case, all the effort and time devoted to making the corporate corporation operate in a profitable manner is wasted.
The third reason corporate failure will change the way you think about everything is the lack of expertise. The corporate sector you work in may have very talented people, but the lack of expertise at making the business work means that the profits of the corporate sector are going to come at the cost of the company. This makes it impossible for the corporate leaders to invest in the most effective ways. The corporate sector is working on training the corporate leaders to increase corporate productivity. However, the problem is that many of their training programs and processes do not work for all corporate sectors.
The fourth reason corporate failure will change the way you think about everything is because salespeople don't get paid enough. If you ask an average salesperson what their median salary is they will probably tell you ten times more than you want to spend on a car. The reason salespeople don't get paid enough is because their only talent is selling to other salespeople. When you build your own company or start your own part-time business, you can focus on building your customer base and developing effective sales strategies. You can focus on developing new products, improving processes, streamlining operations, and increasing corporate profitability.
The fifth reason corporate failure will change the way you think about anything is because it will change how you are parenting. Many corporations fail because corporate leaders fail to grow their companies or hire competent managers. Corporate leaders typically act as if the company is a small family, doing everything by themselves. While this can be effective in small family businesses, it is absolutely ineffective in running a large corporation that requires supervisory staff, marketing staff, executive management, etc.
The six reason corporate failure will change the way you think about anything is because it will change how you interact with your friends and family. You may find yourself spending more time with your co-workers, but you will also spend much more time with your extended families. This change will have a profound effect on your relationships with your friends and family. You will quickly find yourself wondering why you never added more to your family during your working career.
The seventh reason corporate failure will change the way you think about anything is because it will completely change the way you think about money. You will become obsessed with making enough money to support your family. While this can be very noble, you will quickly come to realize that your family needs more money than you do. This will cause you to work twice as hard as your co-workers just to keep up with them and make as much money as possible.
Largely, corporate failure can cause you to focus solely on your own personal success. Employees being to eventually find themself concerned about if they will be jobless. People who work at corporate companies that are on the verge of failing or have already failed often begin to question whether or not they should find a new job or start their own business. Always remember, at times, taking this leap of faith isn't a bad idea and can actually turn out in your favor. Don't be afraid to do what's best for you.
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About Adella Pasos
This Entrepreneur and Marketing Expert has shared her passion for growing brands from the ground up. She’s worked with Startups, Small Businesses, Fortune 500 Corporations and Entertainment Talent to help them recognize the value of marketing, and give her clients the ability to access their niche market via online, social media, mobile, merchandising, and events.
She hosts the What's Your Game Plan TV show features: Free Expert Advice, and Growth strategies for Business Owners Across the Globe. Access thousands of FREE Tips, Trends & Tools to Move Your Business Forward!