Why New Business Start-Ups Fail Essay Example | Topics and Well Written Essays - 2250 words

Why New Business Start-Ups Fail - Essay Example According to the research findings, it can, therefore, be said that a sound business idea is critical for the establishment of any business. Most business start-ups fail especially in their first year due to lack of a transformative idea that can be channeled into meaningful activity. When investors get ready to invest in a business, an area of concentration is on those entities that are scalable, and this decision is made based on the soundness of the ideas presented. This means that businesses that have a wide mandate in the market are never a viable option for potential investors. Investors always go for those businesses that are not general but specific with respect to some target market. To this extent, start-up businesses fail in the sense that there is no idea that that is specific to the businesses that are being established. For start-ups, the experience is a big issue given that the business entities are still new, and with no proper market survival techniques or experience needed for their sustenance. As such, quite a number have failed, without the owners acknowledging the need to have hired appropriate personnel to bridge the skill gaps. Experience in a business entity has all to do with knowing the right forecasting methods, cost structures, and resource utilization. In this sense, it becomes possible for businesses to engage in risky affairs that can lead to failure, and without adequate experience, will likely fail. Upcoming businesses should learn from failures of the former and realize that the short period served in the market is as a result of having no experience in a particular line of business.

Should the voting age in the UK be reduced to 16 years of age Essay

Should the voting age in the UK be reduced to 16 years of age - Essay Example And up till now, the prohibiting teenagers from the vote has received reasonably little attention in public discussion. (Shrag, 2004) â€Å"Only an approximately 40% of 18–24 year-olds voted in the general election in 2001. Only an estimated 11.5% of 18–24 year-olds voted in the local elections in 2002†. (www.neath-porttalbot.gov.uk) There are several reasons for these low numbers. Some individuals think that by lowering the voting and standing age would be a step forward to give confidence more young people to take interest in elections. While the others think that younger people do not until now have enough considerate of issues like tax and public services to be permitted to a vote or stand as a candidate. The criteria for voting age restriction in most of the countries are 18. Some other countries have different age restriction of voting like, 20 and 21. A few other countries have lowered the age restriction to 16 or 17. On the other hand, some countries have a lower voting age for local level elections than for national elections. Those who say we should keep the age limitations as they are saying that the related voting age in nearly all other countries means we have got it right. People think that only people over eighteen are mature enough and actually take political issues seriously. Right now, people are thinking whether or not sixteen-years old should be able to vote. Some people think that at the age of sixteen the teens are not old and mature enough to vote in an election. The truth is, they should be able to vote. (Franklin, 2004, 45-56) At the age of sixteen, it is only 2 years away from eighteen, and thats not a very big of a difference. Teens also know what is right and wrong, do not have to wait until eighteen, the "legal" age. They also have the right for political parties to give serious