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What are the common reasons for business failure?
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What are the common reasons for business failure?
business & finance
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Mar 14
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Rebecca Allaway
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Lack of capital is the number one reason. All the other reasons contibute to this, but if you had enough money you could last long enough to work out the problems and get it right.
answered
Mar 16
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Michelle Rawlings
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Mar 20
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Rebecca Allaway
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poor business plan
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Mar 14
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George Jamieson
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competition
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Mar 15
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Judith Turkington
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They don't do anything that sets them apart from the competition. Also, they don't adverstise effectively.
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Mar 17
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Katherine Kerner
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not enough people buy their stuff. So they have to lower there prices, and usaully a lot of people buy the lower prices ,which makes the buissness lose to much money and eventually fail.
answered
Mar 17
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Gloria Foston
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