Why Businesses Fail - Weir, Bob

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Résumé :
What was the real reason for the failure of South Canterbury Finance and could it have been saved? Was it really the fall in coal prices that sank Solid Energy? Why did Pumpkin Patch collapse? Why do over 2000 small businesses go into liquidation every year in New Zealand? Why did David Ross defraud over dollars100 million from Kiwis' life savings in the failure of Ross Asset Management? Why did the leaders of these businesses make decisions that ultimately saw the demise of the business they led? Why do we all make decisions that we know are not likely to be good for us, whether in business or in life? To take a journey through the failures of kiwi business requires a journey through all our irrational minds. While failures were caused by factors such as excessive debt, no cash, external forces, weak governance, poor skills, failure to pay taxes and more, all can be linked back to the decisions people did or didn't make. This book is backed by the extensive research of leading academics, and interviews with the CEOs, CFOs and board members of failed businesses. It includes discussions with journalists, fraudsters, insolvency experts, lawyers, official information requests and much more. Take a journey through the irrational mind that we all share and see what part that mind plays in the success and failure of business. Share the background and the stories of those at the heart of these failures. In reading this book you will learn why businesses fail, and what role being human played in the decisions made. Most importantly, you will learn what can be done to be more successful in our business lives.

Sommaire:
Bob spent the first 25 years of his career in the power industry in Australia, Africa, Europe, Asia and New Zealand. As a qualified engineer he was involved in the construction and commissioning of power stations around the world. After taking on management roles, he led a wide variety of teams including engineering, trades, administration and human resources. He led industrial relations negotiations with multiple unions.His final role in the corporate world, before leaving the industry, was as General Manager accountable for the operation of all the power stations and hedge and financial trading activities in one of the large New Zealand power companies. He reported to the CEO and board, had approximately 400 staff reporting to him and multi-million-dollar budgets.Since leaving the corporate world and starting Pinpoint Business in 2012, Bob has advised hundreds of small businesses in almost every industry and at all stages of the business cycle - from startup to sale or closure, including not-for-profits, charities and commercial businesses. Bob has sat on many boards as a trustee, advisor, director and chair.He and his wife purchased a landscape supply business in 2017, doubling its turnover before selling it in 2023.Bob is currently the General Manager of a New Zealand wide HVAC wholesale and distribution business. He is also still advising other small businesses.Bob has a degree in Engineering, an MBA in Finance, is a graduate of the Columbia Business School in New York and has completed psychology papers at the Waikato University.He has written several other books, including Success Made Small, used by Te Wananga O Aotearoa in its business courses, Why Businesses Fail and a history book on the journey of Irish immigrants to Australia in the 19th century (including his ancestors) called Mullingar to Byron Bay.Bob remains passionate about helping small business owners. He would love to hear your story. You can contact him on his website....