SMEs are the main base of the Mexican economy since they occupy 90% of our economic structure; The statistical results are compelling and reflect that 75% of SMEs do not reach two years of age a year, this implies that only 25% of family businesses manage to reach the second generation and 11% to the third generation, that is, an average life span of 25 years.
Based on this, there is a need to know and avoid the main causes that exist to lead a family business to bankruptcy.
1.-Absence of places that focus on the creation and development of a family SME.
It is true that if there are degrees, diplomas, masters and even courses focused on this area, only it is also true that the material they use to transmit knowledge is focused and is based on the management of large companies, which already have a structure and professionalism of years; There is a belief that this information can be applied to any company of any kind since it is an adaptable model and easy to adapt to any industry or need, which is not entirely true, each company at its birth is like a baby who It does not process the same information as a teenager and a university student, both are on a goal but at different times to process, acquire and implement all the information that they require due to their time.
2.- The hopeful visualization of a Pink Entrepreneurship
Due to the statistical data referred to above, that 75% of SMEs that fail are because most of the creators started from the wrong perspective, that is, they created something regarding their craft, they thought that, because they were good at systems, they could opening a systems company, the one who had already worked for years as a cook, was encouraged to start a restaurant and so with the lawyer with a buffet or the carpenter with a furniture company. This is very common because years ago this was how the opening of our own businesses began, it worked well at the time because we were in a different structure, of taxes, treaties and the promotion of new businesses.
So this is not for lack of experience or knowledge with the product or service, it is quite the opposite, it is well known and executed, only that it has nothing to do with the development and growth of a company, since for those you need another type of preparation, and people involved with a suitable profile to perform; As this is not the case, the business owner loses several responsibilities, serious; Human Resources, Finance or Administrator, Accountant, Producer and Sales, he would hold 5 positions, in which he does not have extensive knowledge in the field.
- Lack of professionalism: They are not designed for growth or to work without them Generational change
3.-Encourage creativity
Many times the company falls into a routine of its activities, but sometimes it is good to recreate the activities and the products putting some kind of plus depending on the type of company, helping the workers of the company to think of new trends, new ideas to attract more to the public it will always be good for the company to grow to stay stagnant.
This will make them apply the development of new technologies and implement them to grow and to obtain and increase better results. It is also very good to have training so that employees know how to implement these new tools. Whether it is a small or large company, it is always a good idea to implement them.
