This content was created by GHION.AI . This content was uploaded by GHION.AI . This is a YouTube video titled "Bill Gross: 2 Reasons Companies Can Fail" discussing lessons from business failures, focusing on team issues and financial management, created on March 1, 2011.
Chapters
On the first part of your question on some lessons from a failure. It's almost always a team or running out of money. Team issues where the team doesn't get along or doesn't have all the skills or team is spending too fast and doesn't conserve cash. The first one is probably the harder one because finding the right people that have all the skills is always hard. The second one should be easy. But sometimes people are so emotional about people are often so worried and this was one of the excesses of the dot com crash. So worried about if I don't spend the money now, I'm going to lose the market share. I'm never going to be able to it's about to go away and it's going to get way more expensive and that's always the excuse for spending faster. I haven't seen too many cases where that works. It does work sometimes. I mean there are cases where there truly is a race to a winner take all like market but usually the better executor with the greater persistence wins. So I would say those would be the two biggest lessons from a failure.