"They made the critical errors of focusing attention only on strategic investments and concentrating on the technology instead of the financial situation."
That's normal and understandable as you probably heard of the "nerds running the company". The most recent example is in 2000-2001, when the bubble in IT burst with a lot of money disappearing. Which proves that business sense is rarely coming only from a simple idea (although my professor in Entrepreneurship tried to convince me otherwise - "play with other people's money") and high hopes. Is the small company making a strategic plan to move upwards in the market or is only a matter of surviving and figuring out as the future unfolds? Unfortunately you will see "the survival mode" prolonged in the life of the SMBs.
That's normal and understandable as you probably heard of the "nerds running the company". The most recent example is in 2000-2001, when the bubble in IT burst with a lot of money disappearing. Which proves that business sense is rarely coming only from a simple idea (although my professor in Entrepreneurship tried to convince me otherwise - "play with other people's money") and high hopes. Is the small company making a strategic plan to move upwards in the market or is only a matter of surviving and figuring out as the future unfolds? Unfortunately you will see "the survival mode" prolonged in the life of the SMBs.
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