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Unique reasons some newly established business shutdown or go bankrupt.
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[QUOTE="Ayuba Ernest, post: 247104, member: 70169"] There are a variety of specific causes that may lead some freshly created firms to fail or close their doors. One possible explanation is that the proprietor of the company did not conduct sufficient research before launching the enterprise. For instance, if they did not conduct research on the industry and the competition, they might have been taken aback when another company entered the market with a product or service that was comparable to theirs. Another possible explanation is that the proprietor of the company did not have a comprehensive business plan in place. Without a plan, it can be challenging to make significant choices, such as how much money to put back into the firm and when the right time is to look for further investment. A third potential cause is that a company could be experiencing difficulties with their financial flow. A constant inflow of capital is required for a company to maintain its viability as a going concern. In the long run, the company will fail if its expenditures are greater than its income. [/QUOTE]
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Unique reasons some newly established business shutdown or go bankrupt.
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