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Reasons for the failure of many business
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[QUOTE="btaliat, post: 220929, member: 26390"] It doesn't really make sense to talk about the success of a business without talking about what can make them fail as well. Not because we find delight in talking about failure but for us to know how to prevent the failure when we see the sign. The first one is failure to plan. It is not s mere saying that anybody that fails to plan has planned to fail. We need adequate plan whenever we want to start a business. There should be preparation on capital, human resources and the necessary information concerning the business to avoid failure. Wrong location plays a important role in determining business failure. A business owner that has chosen wrong location will definitely fail. Business survives more on the customers. And when there is no customers as a result of wrong location, there is nothing that will save the business from crumbling. There is need to make mention of treatment of the customers. It is first thing to have the right customers for our business and it is another thing to treat them right. Someone that doesn't have good business relationship with his customers may not be making enough as he's bound to be losing customers on a daily basis. [/QUOTE]
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Reasons for the failure of many business
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