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Common reasons why people fail in business.
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[QUOTE="Rachael, post: 243969, member: 68963"] There are many common reasons businesses collapse even when there is enough funding available. Normally, I use to base my vote on the premise that, having the ability to fund a business is not the anchor or yardstick for a sustainable venture. I have heard and seen many prominent businesses where funding was never an issue go down the waters. At the onset, we have entrepreneurs who do not have or see the need of a business plan, and in my opinion, I do not think they are actually entrepreneurs, rather, I'd prefer to call them business owners. Quote me anywhere, there is no business that does not have its ups and downs, but this is the essence to have a business plan which should have proactive measures and have some ability to foreshadow the future and already proffer solutions to it, in case of any negative occurrences. Having a failed business does not make you a failure, but it goes to show that, the assignment or task laid before you as the business owner was not carried our properly. When once the business plan is faulty or not worked in line with, it becomes a problem for the business because it looses the track. [/QUOTE]
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Common reasons why people fail in business.
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