In our day, businesses are called upon to generate impact beyond the quest for economic profit, mainly for two reasons: one, the urgent need to transform the economy from a system of excessive and irrational consumption to a system of responsible consumption and, two, businesses. is subject to the impact of life expectancy, precisely to the changes in consumption of the new generation more oriented to consider practices in care of the environment, gender equality and, in general, their purchase criteria. Reconstruction of the social fabric.
While in itself the difficulties of forming a company are significant, when it comes to high-impact companies, the challenge is even greater given the circumstances of life expectancy. in Mexico by business demographics (INEGE), The life expectancy of a company at birth is 8.4 years (national average). in organizations like Oaxaca, Yucatan and Queretaro, the highest life expectancy has been observed between 9.8 and 11.4 years. opposite of this, Coahuila, Veracruz and Tamaulipaso They are ranked among the lowest, with 7.7, 7.4 and 7.2 years respectively. It is noteworthy that businesses with five years of operation are more likely to have an increased life expectancy. The national average for businesses with 5 years of operation reaches an expectation of 10.2 years. We have major institutions like Oaxaca, Yucatán and Queretaro that range from 11.8 to 13.3 years.
Factors for business failure include declining sales, linked to the wrong strategy or away from current consumption needs. Hence promoting high impact enterprises, whose difference is the components of innovation, breaking paradigm, vision of the future, replicable model in different geographic environment, ability to increase sales with constant operating cost, rapid growth, quality jobs, contribution Contribute to the solution of environmental and social problems, in the form of more opportunities to generate sales in the short, medium and long term.
Another factor in the success or failure of businesses is financing. failure institute It is estimated that 38% of businesses die because their financial resources are insufficient to survive. For this reason, it is valuable to know alternative financing instruments different from the credit offered by traditional banks and to choose one that suits the characteristics of the business. Here are some optional tools we recommend:
, Friends, Family and FoolsThere are small loans from family or friends with which an entrepreneur can start operations by adding to their own resources.
, Crowdfunding or Collective FinancingWorks through specialized platforms to attract resources from donors and investors who view your business project and decide to invest or donate in exchange for an impact report, recovery of their investment in a given period of time or Pay the fee for the amount provided.
, venture capital, These are resources provided by institutions that attract investor resources, committed to a business project in exchange for a percentage stake in the company.
If you’re concerned about being a high-impact entrepreneur, we recommend defining your business model, exploring these financing options, and getting to work.
by Monica Miguel Cardenas
Revolution 5.0 from Disruptive Laboratories.
[email protected] / @DisruptiveLabs,