{"id":7514,"date":"2019-03-08T08:14:56","date_gmt":"2019-03-08T14:14:56","guid":{"rendered":"https:\/\/damiensoitout.com\/porque-los-negocios-fracasan\/"},"modified":"2022-01-22T12:08:54","modified_gmt":"2022-01-22T18:08:54","slug":"why-do-businesses-fail","status":"publish","type":"post","link":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/","title":{"rendered":"Why do businesses fail?"},"content":{"rendered":"

Did you know that in Mexico new companies have a very low percentage of success? About 75% of new businesses do not reach two years. It seems to be too much, doesn’t it? Look at that: 90% do not reach 5 years, and about 97% do not survive 10 years.<\/p>\n

So why do so many businesses fail? There are a multitude of reasons, but I found a pattern through my years of experience as an entrepreneur that brings together the most common mistakes.<\/p>\n

Sponsored*<\/em><\/p>\n

1- A common offer<\/h2>\n

Many people open a business because they realize that this product or service is working very well for X company. They have worked in the industry, they have contacts, they know everything about the product\/service. But they offer the same thing as company X. When you open a business to offer something existing, remember that it will work if you have a “differentiator”, something that breaks you out of the industry mold, that people didn’t know about, and that they want. Many startups never think about that, and it’s the first step towards failure.<\/p>\n

2- Income Management<\/h2>\n

It is important to have a notion well nailed in your head: the money of your company is not your money. It’s called “Moral Person” for a reason. Many people treat their company account like their own piggy bank. There are a multitude of responsibilities when you have a business, and the first ones are: your suppliers, your employees, investors and the government. Never forget that if you can’t afford one, the others will suffer, and your business will die. This revenue management error is extremely common in businesses that fail, especially in young businesses.<\/p>\n

3- Communication<\/h2>\n

This disease called “lack of communication.” Many entrepreneurs work hard to discover a point of differentiation and then screw it up because they don’t communicate their message clearly, concisely, and compellingly. I see many entrepreneurs who bleed to death for not communicating properly. In the same way, many of them do not pay enough attention to their online reputation.<\/p>\n

4- Leadership failures – Self Sabotage<\/h2>\n

You see it all the time in the media. Another athlete with incredible talent leaves in the background. It is painful to see the self-sabotage of people like Lance Armstrong, Mike Tyson or Aaron Hernandez, who did not achieve a truly remarkable success due to their poor decisions.<\/p>\n

Now, you may not see the names of entrepreneurs who fall hard in the New York Post headlines, but the reason for failure is often the same: Self-sabotage through extremely poor decision making, weak leadership skills, and bad strategies, be it sales, marketing, or exit.<\/p>\n

5- Innovation<\/h2>\n

This issue is not only for young companies. It applies to those who are already successful and who can sometimes feel untouched by the position they have achieved with a product\/service that has worked wonderfully to date.<\/p>\n

If you check the home page of this site, and if you came to an event of mine, I always say: “If you stop growing, you die.” Innovation is part of the growth of a company. Innovation means finding a better way to meet the needs of your customers than anyone else. Anyone can make some money for a certain length of time, but if you want to be successful and maintain that success for years and decades, if you want to build a brand, then you have to find a way to add more value than anyone else in the game. And that comes from constantly<\/strong> innovating.<\/p>\n

Very often, a company will fall in love with its product or service and neglect the need for innovation. This is highly problematic as the economy, technology, culture and competition are constantly evolving. It is a different world than the one we live in today, where the only constant is change. And if you don’t stay ahead, you’re falling behind.<\/p>\n

Read also<\/strong><\/em>: Organic Growth<\/p>\n","protected":false},"excerpt":{"rendered":"excerpt","protected":false},"author":1,"featured_media":7515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","footnotes":""},"categories":[3969],"tags":[],"class_list":["post-7514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nWhy do businesses fail? - Damien Soitout<\/title>\n<meta name=\"description\" content=\"97% of businesses fail to. The reason behind it is simple, businesses fail for some mistakes by the very persons who created them.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why do businesses fail?\" \/>\n<meta property=\"og:description\" content=\"\u00bfSab\u00edas que en M\u00e9xico las nuevas empresas tienen un porcentaje muy bajo de \u00e9xito? Alrededor del 75% de los nuevos negocios no alcanzar\u00e1n cumplir dos a\u00f1os. Parece ser demasiado, \u00bfno? Mira eso: Un 90% no alcanzar\u00e1 los 5 a\u00f1os, y cerca de 97% no sobrevivir\u00e1 10 a\u00f1os.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/\" \/>\n<meta property=\"og:site_name\" content=\"Damien Soitout\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/soitoutdamien\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/soitoutdamien\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-08T14:14:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-22T18:08:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"778\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"El Equipo Damien Soitout\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"\u00bfSab\u00edas que en M\u00e9xico las nuevas empresas tienen un porcentaje muy bajo de \u00e9xito? Alrededor del 75% de los nuevos negocios no alcanzar\u00e1n cumplir dos a\u00f1os. Parece ser demasiado, \u00bfno? Mira eso: Un 90% no alcanzar\u00e1 los 5 a\u00f1os, y cerca de 97% no sobrevivir\u00e1 10 a\u00f1os.\" \/>\n<meta name=\"twitter:creator\" content=\"@damiensoitout\" \/>\n<meta name=\"twitter:site\" content=\"@damiensoitout\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"El Equipo Damien Soitout\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/\"},\"author\":{\"name\":\"El Equipo Damien Soitout\",\"@id\":\"https:\/\/damiensoitout.com\/#\/schema\/person\/8d19b79710a8aa1e4e03b7fbc6e21aa8\"},\"headline\":\"Why do businesses fail?\",\"datePublished\":\"2019-03-08T14:14:56+00:00\",\"dateModified\":\"2022-01-22T18:08:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/\"},\"wordCount\":660,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/damiensoitout.com\/#\/schema\/person\/8d19b79710a8aa1e4e03b7fbc6e21aa8\"},\"image\":{\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/\",\"url\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/\",\"name\":\"Why do businesses fail? - Damien Soitout\",\"isPartOf\":{\"@id\":\"https:\/\/damiensoitout.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg\",\"datePublished\":\"2019-03-08T14:14:56+00:00\",\"dateModified\":\"2022-01-22T18:08:54+00:00\",\"description\":\"97% of businesses fail to. The reason behind it is simple, businesses fail for some mistakes by the very persons who created them.\",\"breadcrumb\":{\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#primaryimage\",\"url\":\"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg\",\"contentUrl\":\"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg\",\"width\":1900,\"height\":778},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Inicio\",\"item\":\"https:\/\/damiensoitout.com\/en\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Negocios\",\"item\":\"https:\/\/damiensoitout.com\/category\/negocios\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Why do businesses fail?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/damiensoitout.com\/#website\",\"url\":\"https:\/\/damiensoitout.com\/\",\"name\":\"Damien Soitout\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/damiensoitout.com\/#\/schema\/person\/8d19b79710a8aa1e4e03b7fbc6e21aa8\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/damiensoitout.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/damiensoitout.com\/#\/schema\/person\/8d19b79710a8aa1e4e03b7fbc6e21aa8\",\"name\":\"El Equipo Damien Soitout\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/damiensoitout.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cdn.damiensoitout.com\/wp-content\/uploads\/2020\/11\/13121638\/cropped-faviconds.png\",\"contentUrl\":\"https:\/\/cdn.damiensoitout.com\/wp-content\/uploads\/2020\/11\/13121638\/cropped-faviconds.png\",\"width\":512,\"height\":512,\"caption\":\"El Equipo Damien Soitout\"},\"logo\":{\"@id\":\"https:\/\/damiensoitout.com\/#\/schema\/person\/image\/\"},\"description\":\"El equipo de Damien cultiva, cura y comparte las historias y principios b\u00e1sicos de Damien Soitout para ayudar a los dem\u00e1s a lograr una vida extraordinaria.\",\"sameAs\":[\"https:\/\/damiensoitout.com\",\"https:\/\/facebook.com\/soitoutdamien\",\"https:\/\/instagram.com\/damiensoitout\",\"https:\/\/x.com\/damiensoitout\",\"https:\/\/youtube.com\/damsoi01\",\"https:\/\/es.wikipedia.org\/wiki\/Necesidades_humanas_fundamentales\"],\"url\":\"https:\/\/damiensoitout.com\/en\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why do businesses fail? - Damien Soitout","description":"97% of businesses fail to. The reason behind it is simple, businesses fail for some mistakes by the very persons who created them.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/","og_locale":"en_US","og_type":"article","og_title":"Why do businesses fail?","og_description":"\u00bfSab\u00edas que en M\u00e9xico las nuevas empresas tienen un porcentaje muy bajo de \u00e9xito? Alrededor del 75% de los nuevos negocios no alcanzar\u00e1n cumplir dos a\u00f1os. Parece ser demasiado, \u00bfno? Mira eso: Un 90% no alcanzar\u00e1 los 5 a\u00f1os, y cerca de 97% no sobrevivir\u00e1 10 a\u00f1os.","og_url":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/","og_site_name":"Damien Soitout","article_publisher":"https:\/\/facebook.com\/soitoutdamien","article_author":"https:\/\/facebook.com\/soitoutdamien","article_published_time":"2019-03-08T14:14:56+00:00","article_modified_time":"2022-01-22T18:08:54+00:00","og_image":[{"width":1900,"height":778,"url":"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg","type":"image\/jpeg"}],"author":"El Equipo Damien Soitout","twitter_card":"summary_large_image","twitter_description":"\u00bfSab\u00edas que en M\u00e9xico las nuevas empresas tienen un porcentaje muy bajo de \u00e9xito? Alrededor del 75% de los nuevos negocios no alcanzar\u00e1n cumplir dos a\u00f1os. Parece ser demasiado, \u00bfno? Mira eso: Un 90% no alcanzar\u00e1 los 5 a\u00f1os, y cerca de 97% no sobrevivir\u00e1 10 a\u00f1os.","twitter_creator":"@damiensoitout","twitter_site":"@damiensoitout","twitter_misc":{"Written by":"El Equipo Damien Soitout","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#article","isPartOf":{"@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/"},"author":{"name":"El Equipo Damien Soitout","@id":"https:\/\/damiensoitout.com\/#\/schema\/person\/8d19b79710a8aa1e4e03b7fbc6e21aa8"},"headline":"Why do businesses fail?","datePublished":"2019-03-08T14:14:56+00:00","dateModified":"2022-01-22T18:08:54+00:00","mainEntityOfPage":{"@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/"},"wordCount":660,"commentCount":0,"publisher":{"@id":"https:\/\/damiensoitout.com\/#\/schema\/person\/8d19b79710a8aa1e4e03b7fbc6e21aa8"},"image":{"@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#primaryimage"},"thumbnailUrl":"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/","url":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/","name":"Why do businesses fail? - Damien Soitout","isPartOf":{"@id":"https:\/\/damiensoitout.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#primaryimage"},"image":{"@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#primaryimage"},"thumbnailUrl":"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg","datePublished":"2019-03-08T14:14:56+00:00","dateModified":"2022-01-22T18:08:54+00:00","description":"97% of businesses fail to. The reason behind it is simple, businesses fail for some mistakes by the very persons who created them.","breadcrumb":{"@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#primaryimage","url":"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg","contentUrl":"https:\/\/damiensoitout.com\/wp-content\/uploads\/2019\/03\/razonesfracaso.jpg","width":1900,"height":778},{"@type":"BreadcrumbList","@id":"https:\/\/damiensoitout.com\/en\/why-do-businesses-fail\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Inicio","item":"https:\/\/damiensoitout.com\/en\/home\/"},{"@type":"ListItem","position":2,"name":"Negocios","item":"https:\/\/damiensoitout.com\/category\/negocios\/"},{"@type":"ListItem","position":3,"name":"Why do businesses fail?"}]},{"@type":"WebSite","@id":"https:\/\/damiensoitout.com\/#website","url":"https:\/\/damiensoitout.com\/","name":"Damien Soitout","description":"","publisher":{"@id":"https:\/\/damiensoitout.com\/#\/schema\/person\/8d19b79710a8aa1e4e03b7fbc6e21aa8"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/damiensoitout.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/damiensoitout.com\/#\/schema\/person\/8d19b79710a8aa1e4e03b7fbc6e21aa8","name":"El Equipo Damien Soitout","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/damiensoitout.com\/#\/schema\/person\/image\/","url":"https:\/\/cdn.damiensoitout.com\/wp-content\/uploads\/2020\/11\/13121638\/cropped-faviconds.png","contentUrl":"https:\/\/cdn.damiensoitout.com\/wp-content\/uploads\/2020\/11\/13121638\/cropped-faviconds.png","width":512,"height":512,"caption":"El Equipo Damien Soitout"},"logo":{"@id":"https:\/\/damiensoitout.com\/#\/schema\/person\/image\/"},"description":"El equipo de Damien cultiva, cura y comparte las historias y principios b\u00e1sicos de Damien Soitout para ayudar a los dem\u00e1s a lograr una vida extraordinaria.","sameAs":["https:\/\/damiensoitout.com","https:\/\/facebook.com\/soitoutdamien","https:\/\/instagram.com\/damiensoitout","https:\/\/x.com\/damiensoitout","https:\/\/youtube.com\/damsoi01","https:\/\/es.wikipedia.org\/wiki\/Necesidades_humanas_fundamentales"],"url":"https:\/\/damiensoitout.com\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/posts\/7514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/comments?post=7514"}],"version-history":[{"count":0,"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/posts\/7514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/media\/7515"}],"wp:attachment":[{"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/media?parent=7514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/categories?post=7514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/damiensoitout.com\/en\/wp-json\/wp\/v2\/tags?post=7514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}