"Why Dinosaurs & Businesses Die Off"

Nobody knows why dinosaurs died off, but there are many intriguing theories.

Dead dinosaur hypotheses parallel the excuses business owners use when their businesses fail.

Reason 1. An asteroid or volcano caused a fatal disaster. This absolves dinosaurs or businesses from any blame, since extinction was due simply to being a pathetic "victim of circumstances."

However, this theory never explains why so many other forms of plants and animals survived when dinosaurs could not--or why so many competitors are thriving while your business is dying.

Reason 2. Dinosaurs were too nomadic and unwisely wandered away to strange new places, places where their immune systems couldn't function well.

In business, a firm can wander into new unfamiliar product opportunities and markets--and they cannot maintain financial health as a result. Their managerial immune systems cannot cope in unfamiliar territory.

This "reason" lacks any solid proof.

Reason 3. The firmament encapsulating the earth was removed by God to allow rainfall as part of the flood during Noah's time.

As a result, the available oxygen on earth was reduced by half and dinosaurs, having very small lungs for large animals, couldn't get enough oxygen and died quickly.

In business, the similarity is allowing free trade and removing the protective encapsulation of trade restrictions. Sometimes, businesses cannot function without the Nanny State artificially protecting them against the "thinner air" of new cheaper, smarter competitors from other continents.

Reason 4. Dinosaurs evolved into birds. There must have been skillful veternarians years ago offering great body sculpting and diet programs long ago to downsize dinosaurs into birds.

Businesses often try evolving into something they aren't, and never could be, then becoming extinct. However, downsizing sometimes can help a fat, floundering business return to basics and profitability.

Reason 5. Dinosaurs were taken away by space aliens. If you're a fellow reader of "Weekly World News, as I am," that's not credible since this publication describes space aliens as generous and friendly, very unlikely folks to steal our dinosaurs.

But maybe space aliens come down and take away the remaining profits of failing companies. That excuse, while far-fetched, is a whole lot better than what many companies offer when profits fail to meet Wall Street expectations.

What's a business to do to prevent going the way of the dinosaur?

Retain a strategic planning consultant and planning meeting facilitator. That gives you and your business maximum protection from repeating the fate of dead dinosaurs.

Remember, if you fail to plan, you're planning to fail.