Possible causes for Business failure

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

reasons why a new business may fail

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