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Reasons for the failure of many business
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[QUOTE="Kingsley, post: 220960, member: 30278"] Yes I very much agree with you to a very large extent, many business ventures are indeed failing these days basically for personal reasons and general reasons. When I say personal reasons I mean reasons that are associated with the entrepreneur himself or herself, in the area of poor business planning, an poor or weak execution of business plans. Again lack of technical know how on the chosen business area. Then we also have challenges caused as a result of lack of practical experience on the part of the entrepreneur who intends to run the business. Then there is also the problem of poor funding on the parts of the entrepreneur which is making the life of the business very slow. Then on the general reasons this are reasons beyond the control of the entrepreneurs they are factors that the entrepreneur can not control, they include factors like government policies, this are policies that can affect the growth or advancement of a business concern. Just like when the government placed a ban on the activitiesof TWITTER in my country many were cut out of business and it led to the death of business in my country. And there are things like inflation aswel. [/QUOTE]
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Reasons for the failure of many business
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