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Overcoming business failures 2022
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[QUOTE="Rachael, post: 230041, member: 68963"] If we keep doing the wrong things, we cannot expect to have the positive results. There are many mistakes entrepreneurs make even at the onset of a business and definitely, it would have a backlash on the success of the business. Every business has its own challenges and also ways to go about solving these challenges. To avoid business failure this year, we should be motivated and determined to input quality time, creativity and innovative ideas into our business. One of the major causes of business failure is lack of planning. When a potential business owner decides to set up a business without having plans ahead of it, it means the business is likely to collapse. The source of funding a business has to be ascertained to avoid going around to borrow money. Well, lack of planning has led many people to take up loans with high-yielding interest rate without even knowing how this can affect the growth of the business if not managed properly. There are consequences that brings about business failure. Situating a business in an area where you have no access to your target audience and vice versa is a bullet thrown at the business which can explode at anytime. [/QUOTE]
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