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Reason why many business fails.
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[QUOTE="Abee111, post: 206011, member: 29793"] The reason why so many business fail is that so many people don't have much experience on such business before commencing or starting the business, but nevertheless, others may have the experience and yet will fail to perform sometimes due to their behaviours either how to manage the business or in terms of relationship with workers or customers. Furthermore, personal intellect with lack of moral attitude has been the main constraint why firms/businesses fail to perform. And secondly, what is to be considered in business that mostly fail is the location of the business, the product being produced or sell in the area, also people living in the area are also put into consideration. They product produce or that are being sold there may not be the demand product of the community, therefore the business will just be there without generating any profit to the owner of the firm, and the owner will begins to loss hope on the business. [/QUOTE]
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Reason why many business fails.
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