Reasons Why Business Fail Questions Fully Solved Guaranteed Success.
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You start your business for the wrong reasons - correct answer reasons you would be starting your won business be that you would want to make a lot of money.
Poor Management - correct answer poor management as the number o...
Reasons Why Business Fail
You start your business for the wrong reasons - correct answer reasons you would
be starting your won business be that you would want to make a lot of money.
Poor Management - correct answer 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
Insufficient Capital - correct answer 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
Location, Location, Location - correct answer bad location could spell disaster to
even the best-managed enterprise, location is critical to the success of your business
Lack of Planning - correct answer 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.
Overexpansion - correct answer a focus on slow and steady growth is optimum.
Many a bankruptcy has been caused by rapidly expanding companies
No Website - correct answer a focus on slow and steady growth is optimum. Many a
bankruptcy has been caused by rapidly expanding companies
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