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What are the common reasons for business failure?
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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.
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poor business plan
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competition
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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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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.
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