REASONS WHY MOST BUSINESSES FAIL.
- Lack of capital.
- No marketing.
- Poor customer service.
- No plan for scaling.
- The wrong people - you need a strong team and employees for you to succeed.
- To much competition.
- Inaccurate pricing.
- Leadership failure.
- Ignoring customers needs.
- Inability to learn from failures.
- Poor management.
- Poor location.
- Lack of profits.
- Inadequate inventory management.
- Poor financial management.
- Lack of focus.
- Personal use of business funds.
- Over expansion.
- No succession plan - future leaders should be identified in advance.
- Wrong partnership.
This mistakes can be avoided If you want
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