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17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure

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Pooja Agnihotri

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“Truly in the short term, there tends to be no consequences to our act of irresponsibility. However in the long run most of those kids we refused to pay attention to are now grown ups and are the fearful nocturnal visitors with weapons attacking the same neighbourhood, raping our daughters and wives, maiming our sons and husbands, turning our lives into a nightmare. Our response? Another blame game.”

Short TermIrresponsibilityNeighbourhood
Author:Sunday Adelaja
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“It is easy to underrate how long it takes to implement a new idea. Researchers estimate that it takes 30 years for a groundbreaking development to progress from initial idea to a commercially viable product. Middle management often extols the value of short-term strategies that react to market circumstances. Kodak used short-term strategies to keep its analogue photography business going. But the expression 'short-term strategy' is in fact an oxymoron, because trying to reach short-term goals is not strategic by definition.”

ManagementLong TermShort TermBusiness InnovationBusiness StrategyBusiness Development
Book:The Business Model Navigator: 55 Models That Will Revolutionise Your Business
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“Because we’re disconnected from our Future Selves, we opt for near immediate goals or dopamine hits. This short-term seeking ends up costing our Future Selves big. [Example of this, from comedian Jerry Seinfeld] Late at night, I think, “Well, it’s night, I’m having a good time, I don’t want to go to sleep. I’m Night Guy. Getting up after five hours’ sleep? That’s Morning Guy’s problem. Let him worry about that. I’m Night Guy, I’ve got to party.” Then you get up after five hours of sleep, you’re cranky, you’re exhausted. Night Guy always screws Morning Guy.”

Short TermFuture PlansFuture PlanningFuture SelfShort Term ThinkingLong Term ThinkingDopamine Rush
Book:Be Your Future Self Now: The Science of Intentional Transformation
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