Possible causes for Business failure
- Inadequate capital
- Poor working strategies
- Unfavorable government policies
- Insecurity in the area
- Inadequate academic and technical knowledge
- Inadequate business management knowledge
- Inadequate demand market
- Poor record keeping
- Poor customer relations
- Large drawings from firm
- Lack of self discipline and poor moral character
- Poor planning
- Changes in technology
- Changes in business environment
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