Reasons Why Business Fail

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a focus on slow and steady growth is optimum. Many a bankruptcy has been caused by rapidly expanding companies

Overexpansion

a focus on slow and steady growth is optimum. Many a bankruptcy has been caused by rapidly expanding companies

Location, Location, Location

bad location could spell disaster to even the best-managed enterprise, location is critical to the success of your business

Insufficient Capital

for many failed business is having insufficient operating funds, underestimate how much money is needed and they are forced to close before they even have had a fair chance to succeed

Lack of Planning

many small businesses fail because of fundamental shortcomings in their business planning. It must be realistic and based on accurate, current information and educated projections for the future.

Poor Management

poor management as the number one reason for failure, ck relevant business and management expertise in areas such as finance, purchasing, selling, production, and hiring and managing employees

You start your business for the wrong reasons

reasons you would be starting your won business be that you would want to make a lot of money.