Why do so Many Businesses Fail

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Have you been in your local shopping area lately and seen another business closed? Likely you have, we often hear of the collapse of a large corporation, we all remember Borders or we even see the corner store displaying a closed for business sign. Have you ever thought and asked the question Why do so Many Businesses Fail?

What are the causes of failure?

It can be any number of these situations listed below.

  1. Choosing the right Business and Market
  2. Lack of Cash Reserves
  3. Incorrect Pricing
  4. Diversification
  5. Limited Customer Base
  6. Rapid Growth
  7. Doing it all
  8. Commitment
  9. Right and Wrong Reasons
  10. Business Planning

To learn more read my latest post here https://.... I have been made aware I cannot add a link to my site thanks Leo and Robert for the reminder see below

https://my.wealthyaffiliate.com/leoemery/blog/you-...

https://my.wealthyaffiliate.com/boomergp08/blog/stop-leaving-signatures-with-your-website-link-in-wa


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Recent Comments

6

Like yr blog post, thanks very much, Darren, learnt something. :)

Thanks, Jewel Carol, we can all learn something every day.

You are right, dear Darren, I am always learning something from you, lol. :)

Sad but it true. Good list of reasons for failure.

Seems they are dropping like flies

Plan right and make sure we are not amongst them.

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