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LinkedIn: What causes a company to fail? 
(see "related link", below)

"No matter how we choose to define "failure", there seems to be three common causes:

(1) I believe that the number one reason why companies fail today is because few know how to recognize talent & promote from within. An MBA from Harvard is no substitute for a home-grown account who knows both your business model, as well as your industry. Also, unlike yesterday's "Peter Principle", another problem today is that someone who is competent at what they are doing is simply too valuable to promote?

(2) Next, companies stumble when they can no longer define, refine, support, and / or market a clear company (or business unit) mission statement.

(3) Finally, the inability to understand, obtain, and / or support pro-active mission support and / or delivery personnel is also far too common these days.

In retrospect, I also see that more "missions" than ever are failing simply because folks have far-outsourced their trust to cheap and / or inexperienced talent.

Yet in general, one typically only gets what one pays for. Indeed, well before our present problems with far-outsourced meltdown, 80% of all IT Projects failed. --Can anyone possibly expect that number to DECREASE when adding opposing languages, time-zones, cultures, as well as thousands of miles, into the mix?"

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Sharing a "Business Success" Secret (Before I forget It!) 
While I wish I said it first, when it comes to understanding the best key to financial success, the quote "find a need, fill a need" always comes to mind?

Honestly, in our time of social-media opportunities, perhaps none of us should be suffering from a cash-flow problem. --What we typically are suffering from is an idea and / or marketing problem? (even this post was inspired by a topic on LinkedIn - as per the "related link", below.)

I have recently seen an entire business-model thriving from simply providing the data behind justifiably putting a calculation to a single line of a tax-form (no joke!)

Hence in a service-oriented society such as ours, perspiration is great - but inspiration seems to be far too underrated!

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Professional Idea for the Unemployed 
I like to keep in mind that at the heart of any employer / employment agreement is the concept of providing value. A good day's work, for a good days pay? Certainly, all "survivor" -style politics aside, the more we give / know, the more secure / geosynchronous we can be?



Indeed, by a far narrower definition, when one is "professional", then one "professes" - or "lives" - ones trade? By ever-looking for better tools, trends & new ways, pro-actively embracing change is of value to everyone. I have discovered that knowing what is going on in one's trade keeps one's services ever in-demand.

So, much like any doctor, lawyer, or other professional, the life of our nation's best professionals should not be defined what one does to make a living. Over time, one's professional life should be defined what we do after-hours?

Example: From rockets to web-sites, what people pay me to know is far too often things I first picked up via a healthy professional interest. --Indeed, while tinkering on the brains of an embedded system one morning, the hardware engineer & I once chuckled together (it was 1AM - those things happen :) over the fact that we were helping by-the-hour for something we would have gladly done for free.

While a rare occurrence, such shared wonderment is the spirit behind what I am talking about. -The more we profess something, the more we practice it. The more we practice it, the better we become. The better we become, the more value we are to others?

So the trick for the unemployed may just be to find out what is "hot" in their industry, go master it, then educate any would-be employer on why they need to hire you to do it?



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