VIDEO REVIEW ON SUCCESSFUL BUSINESSES

The evidence suggests that in spite of the fact that their business goes up and down
they remain a competitive and brave one. They always listen to their dear customer’s
feedback and suggestions. They adapt the change in the market, then make a move
take plan and actions. They have also, possess the skills that business needs to. Uses
assets, such a human capital, finances, inventory and plant and equipment efficiently
and effectively while being environmentally sustainable. The successful business is a
vibrant, growing organism that is sustainable and adds to the quality of life and wealth of
all involved. According to Lance Wilkins, founder, call outdoors “A business that is able
to nurture the same passion they have for their offering within employees is one that will
deliver excelled to their clientele at every touchpoint”. They always look to the positive
side of their goals and they trust their ability in achieving their goal. Success something
has to be done. The Yahoo missed some great merger opportunities including refusing
a deal to buy Google in 2002 they also made a grave error by letting Mark Zuckerberg
leave their offices in 2006with Facebook under his arm after they lowered their offer and
he refused to sell failing to look ahead and capitalized on advancements is what left
Yahoo behind in the dust.

VIDEO REVIEW ON FAILED BUSINESSES

In regards, to what I examine in the video I watched the failed businesses that have
poor management, inadequate marketing plan and competition not researched. They
have no competitive advantage it all sounds cool and exciting, you’re going to launched
a business. You see them all around you think yourself why would I be successful
entrepreneur. I have planet of ideas I can figure this out, you borrow money from the
3F’s family friends and other fools. And open up a coffee shop on your street 3 months
later a brand new Starbucks pops one block away from you and you don’t think much of
it but less people are coming in. you try selling all kinds of things in the store just to
supplement the income because you’re rent doesn’t care that people want their
Frappuccino’s not your generic lattes. In six months you close it all down losing money
and putting a strain on your relationship it’s easy to blame your failure on the faceless
corporations that are slowly taking over the world when in reality you had no
differentiators. You were selling something people could have bought elsewhere. You
didn’t approach the issue in an innovative. You didn’t leverage new resources that
others did. This is more accelerated in the online space where not only competing
against people in your area. You’re competing against everyone in the world who’s
coming after your customers. Legendary CEO Jack Welch put it best when he said “If
You Don’t Have a Competitive Advantage, Don’t Compete.”