Newcomers to the business sectors hardest foothold | Veidas.lt
September 27, 2011
As shown by the US Census Bureau statistics, 24 percent. US new businesses go bankrupt within the first year of existence, and only half is going through a period of five companies. European companies amplitude greater survival: Austria's first birthday not get 17 percent., In Estonia - 14 per cent., Finland - 25 percent. companies. Such figures reveal Economic Co-operation and Development (OECD) studies. New data on the probability of survival of Lithuanian companies are not, in 2005. OECD data, Lithuania year crumbles around 9 percent. companies. meth lab Lower than in other European countries, the number of failed young companies can be explained by the same reason as in the little Lithuanian meth lab entrepreneurship - folks are afraid to take a risk, so most likely responsible approach to business and start-ups. Although young corporate bankruptcies usually occur for the same reasons - managerial skills and lack of experience, it appears some area businesses disappear more often than others. This may be associated with a given sector is visible more competitive environment, the market's limitations or specific knowledge. Leadership and entrepreneurial author, US Western Reserve University Change professor Scittas Shane believes that the sector in which you start a business, meth lab have a significant impact on your chances meth lab of remaining in the market in the coming years. So, which sectors of the business market newcomers map disappears more?
"For six years I work in the field of furniture and every day balances on the edge of survival limit. Frankly, I am disappointed and if I could turn back time, never not start the production of furniture. I already have ideas to start another business. The company wanted to sell, but no one had purchased. Will likely need to close "- meth lab optimism netrykšta furniture manufacturing and trading company Tauragėje" Taurus cedar "owner Robert Jurkšaitis. Businessman claims that small company to function in this sector meth lab is difficult because it is difficult to retain qualified employees for hire, so any business can afford to pay, the local market is too small, and able to work for export at all, because the client requirements huge - you need to take care of large stocks, so it is necessary have a lot of working capital. In addition, a small company prices can not compete with large, especially to cope with the Polish and Chinese cheap furniture competition. meth lab So the furniture and wood-based panels are the areas where the number of new corporate bankruptcies Lithuania, compared with other sectors, one of the highest in the business map within two and a half years disappeared 20 percent. wood panels and about 9 percent. furniture produced for market newcomers. This was shown by the "Face" at the request of the company's enterprise risk assessment Creditreform Lithuania "analysis to disclose the sectors in which went bankrupt or ceased its activities mainly of new businesses set up from 2008 to 2011. June.
Creditreform 'analysis shows that the highest percentage of new businesses go bankrupt - paper industry (22 per cent went bankrupt. Companies), insurance intermediaries activities (20 per cent.) And said wood panel production. True, if evaluated in absolute terms, can see that these areas established almost ten times fewer companies, and therefore not a lot of bankruptcies, respectively. On the other hand, the mere fact that the establishment of businesses in these areas is not popular, implies that these beginners business meth lab sectors does not seem conducive to the soil. Every third new company in Lithuania established trade, catering and accommodation sectors, every fifth - services. Fund investors' StartupHighway "one of the founders and the leader meth lab of Rock Tamošiūnas believes that risky new businesses are the areas that require most of the initial investment and which do not perform" pilot "test. "This would include the entire production, industry, high technologies. However, these areas often appear promising in case of success and stability, "- notes R.Tamošiūnas. The fund investing in companies 'business angels' partner Arvydas Strumskis adds that usually sectors where barriers to entry high, it is necessary for capital investment for the purchase, it is important to good leadership and very attentive to financial supervision. "In addition, these industries depend on world prices - one other unfavorable contract, world prices and exchange activities become very unprofitable" - claims A.Strumskis. A higher percentage meth lab of extinct new Lithuanian companies - and between the shoe trade (12.1 per cent.), Taxi (8.1 per cent.), Translation (by 12.8 per cent.), Cleaning (7.9 percent.) Argue services companies, clothing stores (6.6 percent.). R.Tamošiūnas believes that it is a bankruptcy statistics are a consequence of the financial meth lab crisis - this extra consumption of services which the consumer refused to lower incomes. Another
September 27, 2011
As shown by the US Census Bureau statistics, 24 percent. US new businesses go bankrupt within the first year of existence, and only half is going through a period of five companies. European companies amplitude greater survival: Austria's first birthday not get 17 percent., In Estonia - 14 per cent., Finland - 25 percent. companies. Such figures reveal Economic Co-operation and Development (OECD) studies. New data on the probability of survival of Lithuanian companies are not, in 2005. OECD data, Lithuania year crumbles around 9 percent. companies. meth lab Lower than in other European countries, the number of failed young companies can be explained by the same reason as in the little Lithuanian meth lab entrepreneurship - folks are afraid to take a risk, so most likely responsible approach to business and start-ups. Although young corporate bankruptcies usually occur for the same reasons - managerial skills and lack of experience, it appears some area businesses disappear more often than others. This may be associated with a given sector is visible more competitive environment, the market's limitations or specific knowledge. Leadership and entrepreneurial author, US Western Reserve University Change professor Scittas Shane believes that the sector in which you start a business, meth lab have a significant impact on your chances meth lab of remaining in the market in the coming years. So, which sectors of the business market newcomers map disappears more?
"For six years I work in the field of furniture and every day balances on the edge of survival limit. Frankly, I am disappointed and if I could turn back time, never not start the production of furniture. I already have ideas to start another business. The company wanted to sell, but no one had purchased. Will likely need to close "- meth lab optimism netrykšta furniture manufacturing and trading company Tauragėje" Taurus cedar "owner Robert Jurkšaitis. Businessman claims that small company to function in this sector meth lab is difficult because it is difficult to retain qualified employees for hire, so any business can afford to pay, the local market is too small, and able to work for export at all, because the client requirements huge - you need to take care of large stocks, so it is necessary have a lot of working capital. In addition, a small company prices can not compete with large, especially to cope with the Polish and Chinese cheap furniture competition. meth lab So the furniture and wood-based panels are the areas where the number of new corporate bankruptcies Lithuania, compared with other sectors, one of the highest in the business map within two and a half years disappeared 20 percent. wood panels and about 9 percent. furniture produced for market newcomers. This was shown by the "Face" at the request of the company's enterprise risk assessment Creditreform Lithuania "analysis to disclose the sectors in which went bankrupt or ceased its activities mainly of new businesses set up from 2008 to 2011. June.
Creditreform 'analysis shows that the highest percentage of new businesses go bankrupt - paper industry (22 per cent went bankrupt. Companies), insurance intermediaries activities (20 per cent.) And said wood panel production. True, if evaluated in absolute terms, can see that these areas established almost ten times fewer companies, and therefore not a lot of bankruptcies, respectively. On the other hand, the mere fact that the establishment of businesses in these areas is not popular, implies that these beginners business meth lab sectors does not seem conducive to the soil. Every third new company in Lithuania established trade, catering and accommodation sectors, every fifth - services. Fund investors' StartupHighway "one of the founders and the leader meth lab of Rock Tamošiūnas believes that risky new businesses are the areas that require most of the initial investment and which do not perform" pilot "test. "This would include the entire production, industry, high technologies. However, these areas often appear promising in case of success and stability, "- notes R.Tamošiūnas. The fund investing in companies 'business angels' partner Arvydas Strumskis adds that usually sectors where barriers to entry high, it is necessary for capital investment for the purchase, it is important to good leadership and very attentive to financial supervision. "In addition, these industries depend on world prices - one other unfavorable contract, world prices and exchange activities become very unprofitable" - claims A.Strumskis. A higher percentage meth lab of extinct new Lithuanian companies - and between the shoe trade (12.1 per cent.), Taxi (8.1 per cent.), Translation (by 12.8 per cent.), Cleaning (7.9 percent.) Argue services companies, clothing stores (6.6 percent.). R.Tamošiūnas believes that it is a bankruptcy statistics are a consequence of the financial meth lab crisis - this extra consumption of services which the consumer refused to lower incomes. Another
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