Why do so Many Businesses Fail
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.
- Choosing the right Business and Market
- Lack of Cash Reserves
- Incorrect Pricing
- Limited Customer Base
- Rapid Growth
- Doing it all
- Right and Wrong Reasons
- Business Planning
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