Transcribed
Why do Businesses Fail?
Why do businesses fail? No network Bad management Cultivate the market Go for courses and learn as much as you so that you can develop business can about business connections management Doing it for the wrong reasONS Not enough cash Base your business around something you're passionate about Acknowledge all your expenses and save money according to these costs. Also, seek financial advice No business plan Make sure that you have a business plan and stick to it. It acts as a map and will guide you 1st Contact BROUGHT TO YOU BY 1st Contact Accounting www.1stcontact-accounting.com a world of opPportunity
Why do Businesses Fail?
shared by 1stContact on May 13
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There isn't just one contributing factor that leads to the failure of a business, but rather many factors.
It’s easy to assume that money plays the biggest role. However, the below highlights wh...
at the other possible factor are:
•Inefficient management
•Not enough capital
•No business plan
•Doing it for the wrong reasons
•No business network
Just remember, starting a business is one thing, but sustaining it is another. That’s why it’s so important to know all the possible reasons for failure beforehand.
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